24
Jan
Bay Area construction startup raises $865M in latest Softbank-led megaround
Katerra Inc., a prefab construction manufacturing startup led by the former CEO of Flextronics, is the latest beneficiary of Softbank Group’s “shock and awe” investment campaign.
The 3-year-old Menlo Park startup on Wednesday said it raised $865 million in a Series D funding that nearly triples its valuation to $3 billion.
The news comes just a few weeks after it was reported that Katerra was raising a more modest — but still quite large — round that was expected to be around $200 million.
It…
Source: Arizona Business Journal
