Double-sided 3D printing…of houses: Mighty Buildings raises $22M in extra funding

Startup Mighty Buildings, founded in 2018 by Vyacheslav Solonitsyn, ex-investment director at Skolkovo, and co-founder of engineering company DI Group Dmitry Starodubtsev, raises an additional $22M. This is the second investment for the project in the last six months — in February they announced a B-round for $40M.

ArcTern Ventures, Core Innovation Capital and others took part in the series expansion. They joined other investors in the round — Khosla Ventures, Zeno Ventures, Bold Capital Partners and AltaIR Capital. The company’s valuation and the terms of the deal were not disclosed. To date, the total investment in the project amounts to $100M.

A 2018 graduate of the Y Combinator accelerator, Mighty Buildings has been working for the drawer for several years, only launching publicly last year. Today, the company produces houses on an industrial 3D printer. It is not only fast (24 hours per studio flat) but also more environmentally friendly and safer to build.

By 2028, the company plans to achieve carbon neutrality, a breakthrough for the construction industry. It is also developing composite materials made from recycled bio-based raw materials.

Mighty Buildings’ “super goal” is to provide affordable and environmentally friendly housing in regions where housing is in short supply, for which the company plans to build a network of micro-factories.