Blu Homes, a California and Massachusetts-based green, precision homebuilder, has completed its nearly $60m first institutional round.
The round was led by Netherlands-based Skagen Group.
The company intends to use the capital to expand its sales, marketing, technology development efforts and grow through potential acquisitions.
Led by Bill Haney, founder and president, Blu Homes designs and manufactures architect-designed, green, precision-built homes. The company’s homes, which feature bright, open floor plans, soaring ceilings and the latest in green and energy-saving technology, can drop a family’s carbon footprint, energy use and water use by up to 70%. Customers can design their own Blu homes for free online in 3-D with the Blu Configurator.
The company operates a 250,000 square foot state-of-the-art manufacturing facility in Vallejo, California.
14/05/2012: Blu Homes Raises $7M from Private Investors
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