# Plant Prefab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/plant-prefab

- Industry: Construction
- Headquarters: Arvin, US
- Website: www.plantprefab.com
- Total disclosed funding: $63M
- Latest round: Series C (Jun 23, 2022)
- Investors on record: 13

## About

Plant Prefab, Inc. is a US-based company that specializes in the custom fabrication of modular and panelized components for housing and hospitality projects, streamlining construction with innovative design solutions.Founded in 2016 in Arvin, US, Plant Prefab, Inc. focuses on the production of modular building components. The firm was established by Steve Glenn, who has a background in sustainable architecture and previously founded other ventures. In June 2022, the company completed its Series C funding round, raising USD 42.00 mn, led by Gerdau, with participation from notable investors including Amazon and Asahi Kasei Corporation. The total amount raised by the company to date stands at USD 42.00 mn, with a current valuation of USD 164.70 mn.Plant Prefab specializes in the custom fabrication of panelized and modular components designed for housing and hospitality projects. Their offerings include open-cavity panels and fully finished modules, engineered to significantly reduce construction time compared to traditional methods. Utilizing an advanced Virtual Design and Construction (VDC) process, Plant Prefab ensures efficient coordination of trades, materials, and logistics. Their products cater to a diverse clientele, primarily focusing on real estate developers and hospitality firms within the US and select international markets, providing tailored solutions to meet specific design and budget requirements.Plant Prefab generates revenue through the direct sale of panelized and modular building components to clients, including commercial developers and construction firms involved in residential and hospitality projects. Transactions typically occur on a project basis, leading to substantial contract values. The company's pricing reflects the complexity and customization of its products, with fees based on project scope and material specifications. Industry recognition, such as the LEED for Home Platinum Rating, enhances their market position, appealing to clients seeking sustainable building solutions while emphasizing their commitment to quality and market demands.Following a successful Series C funding round in June 2022, in which Plant Prefab, Inc. raised USD 42.00 mn, the company plans to utilize these funds to enhance its engineering, product management, supply chain, and project management infrastructure. As part of their strategic growth, Plant Prefab is developing new products aimed at expanding into additional markets, with specific efforts to penetrate new geographic regions by 2024. This approach is designed to strengthen their market presence and meet increasing demand for efficient and sustainable building solutions.

## Funding rounds

- Series C, Jun 23, 2022, $42M — Gerdau, Asahi Kasei Corporation, Obvious, Unreasonable Capital, Amazon, ICT Capital, Brown Angel Group
- Series B, Aug 3, 2021 — Highwater, Asahi Kasei Corporation, Arba Group, Obvious, Anchor Capital, Cthulhu Ventures, Unreasonable Capital, Ferguson Ventures, Amazon, ICT Capital, Paris Ventures
- Series A, Dec 23, 2020, $11M — Paris Ventures
- Series A, Aug 21, 2018, $6.2M — Obvious, Amazon
- Series A, Jun 24, 2016, $3M — Obvious

## Investors

- Obvious (https://capitalatlas.ai/funds/obvious) — Series A, Series B, Series C
- Amazon (https://capitalatlas.ai/funds/amazon) — Series A, Series B, Series C
- Paris Ventures (https://capitalatlas.ai/funds/paris-ventures) — Series A, Series B
- Highwater — Series B
- Asahi Kasei Corporation — Series B, Series C
- Arba Group (https://capitalatlas.ai/funds/arba-group) — Series B
- Anchor Capital — Series B
- Cthulhu Ventures (https://capitalatlas.ai/funds/cthulhu-ventures) — Series B
- Unreasonable Capital (https://capitalatlas.ai/funds/unreasonable-capital) — Series B, Series C
- Ferguson Ventures (https://capitalatlas.ai/funds/ferguson-ventures) — Series B
- ICT Capital (https://capitalatlas.ai/funds/ict-capital) — Series B, Series C
- Gerdau — Series C
- Brown Angel Group (https://capitalatlas.ai/funds/brown-angel-group) — Series C