Dvele, a Loma Linda, CA-based tech company innovating how homes are designed and built, raised $14m in Series A funding.
The round was led by real-estate investment company Crescent Real Estate LLC.
The company intends to use the funds to build out and commercialize its platform.
Led by Kurt Goodjohn, Founder and CEO, Dvele is a digital platform for offsite home production that provides a customer experience from ideation, design and engineering, all the way through permitting, fabrication, and the on-site construction required for full completion.
The investment coincides with the opening of the company’s new headquarters in San Diego, Calif., where the company is developing the technology to ramp up production in their 75,000 sq. ft. production foundry.
Funding will also support current projects to rebuild homes in Ventura, CA and Santa Rosa, CA, both communities that were badly damaged by wildfires.