June 1, 2021
Katerra will shut down operations according to a report.
January 24, 2018
Katerra raises a $865,000,000 series D round from SoftBank Vision Fund.
Katerra raises a $130,000,000 series C round.
Fritz H. Wolff
Investor Momentum Builds For Construction Tech
Documentaries, videos and podcasts
June 15, 2021
Katerra, the most highly funded and valued startup in the construction tech space, earlier this month filed for bankruptcy. But while the sector's biggest unicorn has imploded, VCs are still bullish on the construction tech space overall.
June 1, 2021
After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The Information. Last year, the company claimed it had more than 8,000 employees globally. Menlo Park-based Katerra had already been struggling to find a viable business in [...]
January 2, 2021
Big funding and explosive sales growth didn't translate into a path to profits. Startups that burned through cash are now facing a reckoning.
December 31, 2020
SoftBank Group is reportedly investing $200 million to bail out Katerra, a startup that had hoped to remake the construction industry with a vertically integrated approach, according to a report in The Wall Street Journal. Katerra's shareholders reportedly approved the new investment on Wednesday, with the new lifeline from SoftBank coming on top of roughly [...]
December 30, 2020
/PRNewswire/ -- Katerra, a technology-enabled construction company, announced today that its shareholders have approved a recapitalization of the business that...
November 27, 2019
Investors are beginning to question SoftBank's investments, even as business executives depart their SoftBank-backed companies.
The $700 million investment will be led by SoftBank's Vision Fund and will pull Katerra's total equity capital past $2 billion.
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- ProcoreProcore is a company developing and providing cloud-based construction management software.
- PlanGridPlanGrid is a company providing a cloud-based construction document collaboration platform. It allows contractors and architects to share from their mobile devices and desktops project plans, markups, photos, specifications and reports. It participated in the W12 cohort of Y Combinator.