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Construction startup raises US$865m from SoftBank fund

The money will allow Katerra to build more factories, finance research and development projects

Published Thu, Jan 25, 2018 · 09:50 PM
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London

OVER just three years, Katerra has grown from a startup with an unusual approach to the construction industry into a company with US$1.3 billion in bookings.

Now, it has drawn support from one of the biggest and most disruptive backers of startups around.

Katerra announced on Wednesday that it has raised US$865 million in a new round of financing led by SoftBank's Vision Fund, the nearly US$100 billion investment vehicle that has shaken up the world of venture capital.

It is the latest outsized bet by the Vision Fund, which has poured billions into startups, including WeWork, the virtual reality company Improbable and the indoor …

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