ICON Raises $185 Million in Funding; Gets Closer to $2 Billion Valuation

If you go back and sift rather meticulously through human history, you’ll see that we just cannot survive without moving continuously. Unlike what the masses believe, pursuing constant progression isn’t a luxury. Instead, it’s the only way through which we can replenish our ideas time and time again; therefore we must deem it as a clear necessity. Now, understanding the stakes in play here is a great start, but it amounts to nothing when you don’t know how you’ll go about achieving your goal. So, to make things a wee bit easier, the world has roped in dedicated tools that help us in addressing a given factor, and consequentially, take the next step. While, in hindsight, we have to credit all these tools for doing a tremendous job, we cannot put any of them above technology. Technology gets to be such a standout mainly because it really went beyond every imaginable boundary to impact our entire spectrum, thus setting us up for a completely different reality. In fact, it also enabled us big time in terms of building upon the said breakthrough. We would take up the opportunity with both hands, and the impact to emerge from it is evident today within every component of our stratosphere, and a recent funding round only adds a sharper edge to that expansive radius.

ICON, which creates homes using 3D printing, has raised $185 million from a recently-concluded funding round.  According to certain reports, the round brought Tiger Global Management to its long list of investors, which includes Norwest Venture Partners, 8VC, Bjarke Ingels Group (BIG), BOND, Citi Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures, Oakhouse Partners, and more. Moving away from the financing, ICON also raised over $451 million in equity, taking the company’s valuation closer to a speculated figure of $2 billion. The funding is a significant milestone, as US prepares for a unique take on solving the housing shortage problem.

Up until now, ICON has already done a lot to preach 3D printing of houses. After officially starting its journey by making a 350-square-house house in only 48 hours, the company is now focused on establishing a stronghold in the mainstream market. Notably enough, ICON’s approach isn’t just time and pocket-friendly, but it places a further importance on energy management as well. Such a dynamic makes 3D-printed houses a prospect worth-considering for the future, if we look at it from an environmental standpoint.

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