Light Ray Ventures invests in Plant Prefab, a US-based prefabricated homebuilding platform

August 3, 2021

Light Ray Ventures had participated in the Series B round of Plant Prefab, a US company that manufactures prefabricated homes

The Company has raised $30 million of funding co-led by Asahi Kasei Corporation and Paris Ventures. The funding round saw the participation of existing investors,including Amazon Alexa Fund, Obvious Ventures and Ferguson Ventures. With this financing, Plant Prefab today announced the opening of a second factory in Ontario, California and the construction of a third factory, set to open in 2022

The Plant Building System enables Plant Prefab to build custom single-family and multi-family homes 20-50% faster than traditional building methods with up to 30% less was teat a 10-25% cost savings in major cities. The company’s third, automated factory will serve as a central production hub to existing and future Western U.S. factories, utilizing sophisticated new equipment to achieve even greater production velocity with quality assurances and a level of material efficiency unmatched by any other home builder

«This investment allows us to fully integrate our engineering platforms with our production process, utilizing our proprietary building information management (BIM) systems to drive machinery, advanced factory quality controls, and production tracking. It’s a step change in custom home building, making it significantly faster, easier, and more sustainable to build beautifully-designed, healthy homes We are honored to partner with Light Ray Ventures, and we are grateful that all of our existing institutional investors, including the Amazon Alexa Fund, Obvious Ventures, and others, participated in the round at a super pro-rata level»

Steve Glenn

Founder & CEO

Managing Partner of Light Ray Ventures Alex Tsyplakov said: «Light Ray Ventures investment thesis on the construction is that we will see a lot of innovations coming there. We believe that the deployment of technology, both digital and physical, will enhance productivity at scale, making this a new industry standard. We like the Company is addressing the precisely exact pain-points of the industry being interoperability of the design and construction, timing and over budgeting»

About Plant Prefab

Plant Prefab builds custom architectural homes, empowering individuals, developers, and architects with a faster, higher quality, and more sustainable way to build