Falkbuilt Raises US$27.75 Million Series A-2 Round

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Calgary-based construction tech startup Falkbuilt, has raised $27.75 million USD ($35 million CAD) in Series A financing.

Calgary-based construction technology company Falkbuilt Ltd. announced they have closed a $35 Million CAD ($27.75 Million USD) equity investment led by Stephens Capital Partners and RET Ventures, who led the previously raised $14 Million CAD financing for the company in 2020.

This strategic investment will support Falkbuilt’s accelerating growth and increasing presence in the global market. Founded in 2019,

Falkbuilt is a world leader in Digital Component Construction with over 400 employees and 90+ Falkbuilt Factory Direct Branches in North America, the Middle East, and India.

The interior construction manufacturing company uses next-generation technology to manufacture components efficiently and precisely in the factory and is the first, worldwide, to provide digital end-to-end, offsite prefabricated solutions from design, development, fabrication, and installation through its innovative Echo technology.

“This substantial investment not only validates our vision to solve legacy challenges in conventional construction, but is a testament to the strength of our management team, our Board of Directors, and every one of our employees”, says Gina Thornton, Chief Financial Officer of Falkbuilt Ltd.

Falkbuilt has experienced 100% growth year-over-year and is on track to achieve high-growth targets for fiscal year 2022 and onward. With this new investment, the company plans to expand operations through increasing manufacturing capacity, investing in their global network of Falkbuilt Factory Direct Branches, and further investment in their leading-edge Echo technology.

Note: An earlier version of this story incorrectly reported the initial Series A funding information that took place in 2020.