Moderne Ventures recently announced its investment in ICON, a construction technologies company using 3D printing robotics, software and advanced materials solving a plurality of problems in the contemporary building industry. Moderne Ventures completes ICON’s $9M seed round which was led by Oakhouse Partners and included other venture firms such as D.R. Horton, the largest homebuilder by volume in the U.S. since 2002; Emaar, the largest developer in the Middle East and creator of the tallest building in the world and Vulcan Capital, the investment arm of the late Microsoft co-founder and philanthropist, Paul Allen.
“Through ICON’s breakthrough technology, we will see homes being 3D printed in less than 24 hours for fractions of the cost of traditional homebuilding,” said Moderne’s Founder and Managing Partner, Constance Freedman. “When pairing their technology with digital transactions and augmented reality, ordering, creating, building, transacting and moving into a brand new home in less than five days from start to finish becomes plausible—truly a disruptive technology that can transform the industry. We’re looking forward to supporting them as they transform the homebuilding market.”
“It’s our mission at ICON to re-imagine the approach to homebuilding and construction and make affordable, dignified housing available to everyone throughout the world,” said Jason Ballard, Co-founder and CEO of ICON. “We’re thrilled to have the support from Moderne and look forward to working together.”
ICON’s first commercial partner, NewStory, is also a Moderne Ventures portfolio company. NewStory is using ICON’s technology to transform global homelessness and turn slums into communities.
About Moderne Ventures
Moderne Ventures invests in technology companies in and around real estate, finance, insurance. Moderne most often looks outside its industries to find game changing innovation that can be applicable within them. Moderne operates both a Venture Fund and the Moderne Passport, an Industry Immersion Program designed to foster innovation, partnership and growth between industry partners and new emerging technology companies. Moderne works with over 700 executives and corporations within its core industries and evaluates over 4,500 emerging tech companies each year. Its principals have invested in over 70 companies including DocuSign, Updater, August, Better, Hello Alfred, TaskEasy, Homesnap and Leaselock.
About ICON
ICON is an Austin-based construction technologies company dedicated to revolutionizing homebuilding and making dignified housing the standard for people throughout the world. Using proprietary 3D printing robotics, software and advanced materials, ICON is solving a plurality of problems in the contemporary building industry with their breakthrough technologies.