What is Modulous?
Modulous is an award-winning construction-technology platform founded in 2018 and headquartered in London, England. The company digitizes design and procurement, utilizing a high-performing kit of parts, an integrated supply chain, and localized assembly to enable the rapid delivery of homes globally. Its software platform automates multifamily real estate project design, costing, and programming, allowing developers, architects, and contractors to determine pricing and site viability in hours rather than weeks. Modulous aims to drive out physical waste, project overspend, program overruns, risk, and dispute by aligning client needs with its processes, delivering quality products faster and at competitive costs. The company's system provides quality homes, engages local employment, reduces client risk, and protects the planet.
How much funding has Modulous raised?
Modulous has raised a total of $11.5M across 1 funding round:
Series A
$11.5M
Series A (2022): $11.5M with participation from Blackhorn Ventures, GroundBreak Ventures, CEMEX Ventures, SFV, and Regal London
Key Investors in Modulous
Blackhorn Ventures
Blackhorn Ventures is a venture capital firm focused on investing in startups that leverage digital technologies, including AI and robotics, to transform critical industries like construction. They aim to address climate change and economic stability by decarbonizing the economy and fostering innovation.
GroundBreak Ventures
GroundBreak Ventures invests in entrepreneurs innovating the housing and construction sectors, focusing on early-stage opportunities that enhance the built environment. They provide capital and expertise to accelerate growth and address housing affordability and energy efficiency.
CEMEX Ventures
Cemex Ventures is the corporate venture capital arm of Cemex, dedicated to fostering innovation and sustainability in the construction industry. They invest in, accelerate, and partner with startups globally to drive value and growth.
What's next for Modulous?
With its recent major strategic investment, Modulous is poised to further enhance its technological capabilities and expand its market reach. The company's focus on digitizing construction processes, optimizing supply chains, and enabling localized assembly positions it for significant growth in the affordable housing sector. Future developments will likely involve scaling its factory-agnostic approach and strengthening partnerships to address global housing demands efficiently and sustainably. The enterprise-level capital secured will be instrumental in achieving these ambitious objectives.
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