Falkbuilt, a Calgary, Canada-based manufacturer of digital construction components and developer of software bringing efficiencies to design, manufacturing and construction, raised up to $20m CAD ($15.3m USD) in Series A financing.
The round – closed with $14m CAD funded, with the remainder to be based on subsequent operational milestones – was led by RET Ventures.
Founded by interior construction veterans Mogens Smed and Barrie Loberg in 2019, Falkbuilt manufactures digital construction components and provides Echo, a cloud-based software platform that employs deep learning and big data to exponentially empower industry standard software to streamline design, manufacturing and construction processes. The company serves commercial, healthcare, retail, industrial and education markets. Since its founding last year, it has established a distribution network of more than 70 independently owned Branches across North America, India and the Middle East, that have completed hundreds of installations.
Falkbuilt distributes its prefab solutions through 70+ factory-direct Branches across North America, the Middle East and India.