A startup that 3D prints homes just received an additional $35 million in funding this week. ICON has the same goal other tiny home manufacturers do: to help those struggling with home affordability. The Austin-based startup built six 3D printed homes for a master-planned development last year, according to Silicon Hills News. The company claims that consumers can order, build, design, and purchase a new home within a matter of days. With the additional funds, ICON says it will accelerate the development of its printers.
ICON is arguably one of Austin’s most innovative startups tackling big problems like building homes for the city’s homeless population. It teamed up with Mobile Loaves and Fishes last year to build six 3-D printed homes for Community First! Village, a 51-acre master-planned development in Austin.
The company has received other accolades landing on the Austin Chamber of Commerce’s A-List of hottest startups last year. Time Magazine also named the company one of the best inventions of 2018. Popular Science named ICON one of the best 100 Greatest Innovations of 2018.
Moderne Ventures led the Series A round of investment. Other investors include international architecture firm BIG-Bjarke Ingels Group, CAZ Investments, Citi, Crosstimbers Ventures, Ironspring Ventures, Next Coast Ventures, Oakhouse Partners, Trust Ventures, Vulcan Capital, and Wavemaker Partners.