What is Crate Modular?
CRATE Modular creatively repurposes single-use shipping containers into modular buildings for various sectors, including multifamily, supportive housing, educational, and residential construction. Founded two years ago, the company has already delivered over 2018 modules, totaling more than 500,000 square feet of built space. CRATE Modular's innovative approach addresses workflow inefficiencies inherent in conventional construction, shortening development cycles, reducing waste, and producing more durable structures. Manufacturing operations are based in Los Angeles, with modules delivered ready for installation to clients.
How much funding has Crate Modular raised?
Crate Modular has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Crate Modular
PPP
Public-Private Partnership
What's next for Crate Modular?
With a substantial late-stage funding context, CRATE Modular is strategically positioned for significant scaling and market penetration. The recent strategic investment likely signals a focus on expanding production capacity, enhancing technological capabilities, and potentially broadening its geographic reach. This capital infusion will be critical in solidifying its leadership in the sustainable and efficient modular building industry, enabling the company to meet growing demand and further refine its unique construction methodology.
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