Last month, Amazon invested via its Alexa Fund in Plant Prefab, one of the leaders of the revival of the prefab industry. The company aims to build housing more sustainably and tackle the demand growth in urban markets such as Los Angeles, San Francisco or Seattle. It has installed 26 units in California and Utah, and a multifamily project in Berkeley so far.
Through this partnership, Amazon aims to make its suite of Alexa voice activated products ubiquitous in the prefabricated residential arena, which has, despite the growing excitement around it, struggled so far to gain substantial market shares in North America.
According to Alexa Fund’s Paul Bernard, “Plant Prefab is a leader in home design and an emerging, innovative player in home manufacturing,” he added. “We’re thrilled to support them as they make sustainable, connected homes more accessible to customers and developers. »
This investment of a total of $6.7M was jointly led by Obvious Ventures, a VC fund which aims to support startups working towards “a smarter, healthier, and more sustainable world”
Through this investment, a strong signal is sent to innovative companies in the field of modular and prefabricated construction. Their position for the integration of the building blocks of the Internet of Things is key and its value now clearly laid out.
Company Overview
Categories: Architecture, Construction, Smart Building
Headquarters Regions: Greater Los Angeles
Founded Date: 2015
Founders: Steve Glenn
Last Funding Type: Series A
Website : www.plantprefab.com
