3D home-printing startup Icon raised $35 million in a Series A funding round led by Moderne Ventures to scale its innovative construction technology.

Information on the Target

Icon is an innovative startup based in Austin, Texas, focused on revolutionizing the construction industry through 3D printing technology. Established in 2018, the company made headlines by successfully printing its first home, showcasing the potential of additive manufacturing in residential construction. To date, Icon has raised a total of $44 million, including a recent $35 million Series A funding round, aimed at scaling its impactful technology.

By leveraging advanced 3D printing techniques, Icon aims to address the housing crisis by creating affordable, sustainable, and efficiently built homes. The company’s unique approach not only reduces construction time and costs but also emphasizes environmentally friendly practices, setting it apart in a competitive market.

Industry Overview

The construction industry in the United States is undergoing significant transformation, driven by advancements in technology and a growing demand for affordable housing solutions.