BlackRock, Baillie Gifford bet big on Icon 3D printed homes
3D home printing company Icon has secured $200 million in Series D funding led by BlackRock and Baillie Gifford, bringing its valuation to $1.4 billion. The company plans to use the capital to scale its new multi-story robotic construction system, the Titan.
Why it matters
This investment signals growing institutional confidence in 3D printing as a viable solution to the ongoing housing shortage and construction labor crisis.
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
Austin-based Icon, one of the biggest players in 3D printed real estate, is announcing its $200 million Series D financing co-led by Baillie Gifford and funds managed by BlackRock, among others. That brings total funding to $700 million, with the company reporting a $1.4 billion valuation.
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