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Katerra

Katerra

Katerra is a US based construction company.

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Timeline

June 1, 2021
Katerra will shut down operations according to a report.
January 24, 2018
Series D

Katerra closed their Series D with $865m in funding. The round was led by SoftBank Vision Fund. Other investors include RiverPark Ventures, Navitas Capital, and Four Score Capital.

January 2018
Katerra raises a $865,000,000 series D round from SoftBank Vision Fund.
April 2017
Katerra raises a $130,000,000 series C round.

Funding rounds

People

Name
Role
LinkedIn

Fritz H. Wolff

Co-Founder

Jim Davidson

Co-Founder

Michael Marks

Co-Founder

Further reading

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Documentaries, videos and podcasts

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Companies

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CEO
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Products/Services

News

Title
Author
Date
Publisher
Description
Sophia Kunthara
June 15, 2021
Crunchbase News
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.
Lucas Matney
June 1, 2021
TechCrunch
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 [...]
Meghan Morris
January 2, 2021
Business Insider
Big funding and explosive sales growth didn't translate into a path to profits. Startups that burned through cash are now facing a reckoning.
Jonathan Shieber
December 31, 2020
TechCrunch
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 [...]
Katerra
December 30, 2020
www.prnewswire.com:443
/PRNewswire/ -- Katerra, a technology-enabled construction company, announced today that its shareholders have approved a recapitalization of the business that...
Bani Sapra
November 27, 2019
Business Insider
Investors are beginning to question SoftBank's investments, even as business executives depart their SoftBank-backed companies.
Mekhla Raina
Invalid Date
DealStreetAsia
The $700 million investment will be led by SoftBank's Vision Fund and will pull Katerra's total equity capital past $2 billion.
Kate Clark
Invalid Date
TechCrunch
TechCrunch - Reporting on the business of technology, startups, venture capital funding, and Silicon Valley
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