Falkbuilt Ltd., a Calgary-based construction technology company, today announced the closing of a C$35 million equity investment led by Stephens Capital Partners and RET Ventures, who led the previously raised financing of C$14 million for the company in 2020. This strategic investment will support Falkbuilt accelerate growth and increase global market presence.
Founded in 2019, Falkbuilt is a global leader in digital component construction with over 400 employees and over 90 Falkbuilt factory direct branches in North America, the Middle East and India. The interior construction manufacturing company uses next-generation technology to manufacture components efficiently and precisely in the factory and is the first in the world to provide end-to-end offsite digital prefabricated solutions from design, development, manufacturing and installation thanks to its innovation. Echo technology.
“This substantial investment not only validates our vision to solve the legacy problems of conventional construction, but is a testament to the strength of our management team, our board of directors and each of our employees,” said Gina Thornton, director financial institution of Falkbuilt Ltd.
Falkbuilt’s digital component construction is the only viable solution to the ongoing challenges facing the construction industry, such as material availability, escalating prices, skilled labor shortages and unpredictable schedules. . The use of technology allows Falkbuilt to meet these challenges while providing customizable, durable and cost effective solutions.
Falkbuilt has experienced 100% year-over-year growth and is on track to achieve its high growth targets for fiscal 2022 and beyond. With this new investment, the company plans to expand its operations by increasing its manufacturing capacity, investing in its global network of Falkbuilt factory direct branches and further investing in its industry-leading Echo technology.
For more information, visit www.falkbuilt.com.
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