What is Blokable?
Blokable is a vertically integrated developer that aims to expand prosperity and equity by constructing high-quality, low-cost, connected housing at scale. The company offers a comprehensive platform encompassing design, planning, financing, permitting, manufacturing, delivery, on-site construction, and operational support. Blokable provides a turnkey solution for landowners, investors, nonprofit housing service providers, and municipalities, presenting a disruptive alternative to the traditional, often costly and inefficient, development process. By streamlining housing creation into a transparent and manageable service, Blokable challenges models that prioritize industry profits over community needs. Their one-stop solution mitigates risks and accelerates the development of affordable, energy-efficient housing where it is most needed, ensuring project certainty from inception.
How much funding has Blokable raised?
Blokable has raised a total of $29M across 2 funding rounds:
Private Equity
$6M
Series A
$23M
Private Equity (2017): $6M, investors not publicly disclosed
Series A (2019): $23M led by Ten Eighty Capital, Vulcan Capital Management, LAUNCH, Marc Benioff, Building Ventures, Kapor Capital, Motley Ventures, and Dennis Joyce
Key Investors in Blokable
Vulcan Capital Management
Vulcan Capital Management is a diversified private equity investment firm based in New York, focusing on unique investment opportunities in oil & gas, coal, power, and energy assets. The firm targets middle-market assets, leveraging extensive market knowledge to generate significant returns for institutional and private investors, including large endowments and pension plans. With a strong emphasis on proprietary deal origination and hard assets, Vulcan aims to minimize investment risk while maximizing value. Since its inception in 1997, Vulcan has completed over 35 transactions worldwide, totaling more than $800 million in value.
Building Ventures
Building Ventures is an investment firm focused on the built environment sector, likely specializing in companies that innovate within construction, real estate technology, and urban development. Their investment in Blokable suggests a strategic interest in scalable housing solutions and the future of construction.
Motley Ventures
Motley Fool Ventures is an early-stage venture capital fund that leverages The Motley Fool's brand and community to invest in innovative startups. The fund focuses on fostering inclusion and collaboration while supporting entrepreneurs and individual investors. Its portfolio includes companies like Affectiva, Esusu, Passthrough, and UrbanStems, which address various market needs from emotional detection technology to financial resilience solutions. The firm aims to create a smarter, happier, and richer future for its clients and the communities it serves.
What's next for Blokable?
The substantial enterprise-level capital infusion, particularly the recent major strategic investment, positions Blokable for accelerated growth and market penetration. This backing is expected to fuel the expansion of their innovative housing development platform, enabling them to scale operations, enhance manufacturing capabilities, and potentially enter new geographic markets. The company's focus on de-risking and accelerating affordable housing creation suggests a strategic direction towards addressing critical housing shortages while maintaining a commitment to energy efficiency and community benefit. Future developments will likely involve further integration of their technology and platform to optimize the entire housing lifecycle, solidifying their disruptive role in the real estate and construction industries.
See full Blokable company page
