Mighty Buildings Revenue, Valuation, Funding & Investors
Mighty Buildings is valued at $325M as of September 2023, a 65.0x multiple on its last reported $5M revenue.
Last Mighty Buildings valuation
$325M
Series B · Sep 2023
Last Mighty Buildings funding round
$52M
Series B · Sep 2023
Mighty Buildings revenue
$5M
Series B · Sep 2023
Key investors in Mighty Buildings
Khosla Ventures
Core Innovation Capital
Y Combinator
Foundamental
Peak State Ventures
SV Angel
About Mighty Buildings
Mighty Buildings is a San Francisco-headquartered construction technology firm using 3D printing and robotics to manufacture modular homes. The company extrudes Light Stone Material panels onsite, assembling structures in days with superior insulation to concrete. Mighty Buildings targets single-family and ADU homes compliant with California building codes. Founded in 2017, it operates a factory in Oakland producing units for Bay Area developers.
Founded
2017
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services
Revenue
$5M (Sep 2023)
Valuation
$325M (Sep 2023)
Mighty Buildings Valuation
Mighty Buildings is currently valued at $325M, based on its Series B in September 2023.
The $52M round was led by Bold Capital Partners and Wa’ed Ventures, with participation from Khosla Ventures and KB-Badgers.
Mighty Buildings valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2023 | Series B | $325M | 65.0x |
Mighty Buildings Revenue
Mighty Buildings' latest recorded revenue is $5M, as of its Series B in September 2023. At a $325M valuation, that implies a 65.0x revenue multiple.
Mighty Buildings revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2023 | $5M | $325M | 65.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Mighty Buildings Funding History
Mighty Buildings has raised a total of $154M across 6 funding rounds.
Mighty Buildings' first fundraising round was a $10M seed round in April 2018. The most recent completed round was a $52M Series B in September 2023.
Mighty Buildings funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2023 | Series B | Bold Capital Partners (lead); Wa’ed Ventures (lead); Khosla Ventures; KB-Badgers | $52M | $325M | Mighty Buildings develops 3D printing construction technology for prefabricated, environmentally friendly, and climate-resilient homes using proprietary offsite 3D printing and patented Lumus material that is five times stronger than concrete. The company focuses on sustainable modular homebuilding to address the global housing shortage, delivering over 50 units to date in markets including the U.S., Caribbean, and Middle East. On September 12, 2023, Mighty Buildings raised $52 million in an expansion round co-led by Wa’ed Ventures (Saudi Aramco-backed) and BOLD Capital Partners, with participation from Khosla Ventures and 15 other investors, bringing total funding to $150 million. Sources familiar with the deal value the company at between $300 million and $350 million post-money. Funds are allocated to scale U.S. home production, establish factories in North America, and expand manufacturing operations to Saudi Arabia and the UAE amid rising demand in these fast-growing construction markets. The company reported revenue of around $5 million in 2022, with CEO Scott Gebicke noting a growing customer base and a project pipeline potentially worth hundreds of millions in the coming years. This traction underscores investor confidence in Mighty Buildings' ability to streamline construction, reduce costs, and promote lower-carbon, resilient solutions in the modular homebuilding sector. Mighty Buildings positions itself as a leader amid a burgeoning 3D-printed construction market projected to reach $47.95 million by 2030, targeting sustainability and climate challenges while expanding globally to meet surging new home demand. |
| Jul 2021 | Series B | Polyvalent Capital; MicroVentures; Klaff Realty; MVP Ventures; Core Innovation Capital; Decacorn Capital; Angel Collective Opportunity Fund; Khosla Ventures; Flucas Ventures; Gaingels; ArcTern Ventures; Bossa Invest | $22M | - | Mighty Buildings, an Oakland-based construction technology startup founded in 2017, specializes in creating sustainable, affordable homes using large-format 3D printing, robotics, advanced composite materials like Light Stone Material (LSM), and automation. The company produces prefabricated components in its Mighty Factory, including accessory dwelling units (ADUs), single-family homes, and plans for multistory structures such as two-to-three-story townhouses and low-rise apartments, aiming for net-zero carbon neutrality by 2028. On July 13, 2021, Mighty Buildings announced a $22 million extension to its Series B funding round, building on a prior $40 million raise earlier that year, bringing total funding to $100 million since inception. Investors in the extension included ArcTern Ventures, Core Innovation Capital, Decacorn Capital, Gaingels, Khosla Ventures, Klaff Realty, MicroVentures, MVP Ventures (also referred to as Modern Venture Partners), Polyvalent Capital, and others such as Angel Collective Opportunity Fund, Bossa Invest, Flucas Ventures, Vibrato Capital. The funds were allocated to supply chain improvements, accelerating R&D timelines, expanding production capacity with increased automation, developing multistory offerings with a prototype targeted for late 2022 or early 2023, and advancing a new fiber-reinforced printing material showing over 50% improvement in embodied carbon and strength comparable to reinforced concrete at less weight. The company reported over $7 million in total contracted revenue in Q2 2021, with quarter-over-quarter sales growth and a tenfold increase in ADU bookings since its August 2020 launch, alongside B2B contracts for single-family homes. Mighty Buildings positions itself in the growing additive construction sector, competing with on-site 3D printing firms like ICON and COBOD by focusing on factory-based prefab production to reduce labor by 95%, waste by 10 times, and costs/emissions by over 50%. It plans to scale via a B2B platform offering production-as-a-service for developers and architects, with initial focus on California but eyeing factory replication elsewhere. |
| Feb 2021 | Series B | Khosla Ventures (lead); Zeno Partners (lead) | $40M | - | Mighty Buildings is a construction technology company that uses 3D printing, robotics, and automation to produce sustainable, affordable homes with proprietary synthetic stone-like materials, aiming to reduce construction costs and carbon footprint by 50% or more while automating up to 80% of the process. The company launched out of stealth in August 2020 and focuses on panelized designs assembled on-site, with plans to develop multi-story capabilities and a B2B platform for developers using its Mighty Kit System. On February 9, 2021, Mighty Buildings announced a $40 million Series B funding round led by Khosla Ventures and co-led by Zeno Ventures (noted as Zeno Partners in some sources), with participation from returning investors Bold Capital Partners, Core Innovation Capital, Foundamental, Giant Ventures, and new investors including ArcTern Ventures, Abies Ventures, Modern Venture Partners, MicroVentures, One Way Ventures, and Polyvalent Capital. This brought total funding to over $70 million, and the company was added to Y Combinator's top companies list. Funds were earmarked for scaling production at its Oakland, California factory, automating processes, and expanding to new markets like Texas and Washington state amid interest from Asia and Europe. The company reported massive consumer demand with a tenfold increase in bookings for its accessory dwelling units (ADUs) since launch and secured B2B contracts for single-family housing, despite the pandemic. It had completed about a dozen projects in California and seen a 30% quarter-over-quarter increase in contracted revenue (excluding B2B) since June 2020, with operations targeting California's housing shortage. A separate $22 million extension to the Series B was reported in July 2021, pushing total funding over $100 million. |
| Aug 2019 | Series A | Khosla Ventures (lead); SQN Venture Partners; Y Combinator; Liquid 2 Ventures; Evolution VC Partners; Core Innovation Capital; Giant Ventures; Decent Capital; Foundamental; Peak State Ventures | $26M | - | - |
| Mar 2019 | Seed | James Sowers; SparkLabs Accelerator; BeInTech; Foundamental; NewDo Venture; Peak State Ventures | $4M | - | - |
| Apr 2018 | Seed | Khosla Ventures (lead); SV Angel; Y Combinator; VentureSouq; Rail Akhmetov; Core Innovation Capital; Flint Capital; Alumni Ventures; Ruvento; Brad Flora | $10M | - | Mighty Buildings, a construction technology company specializing in 3D-printed prefabricated homes, graduated from Y Combinator in winter 2018 and raised a total of $30 million from investors including Khosla Ventures, Y Combinator, and SV Angel by that time. |
Who has invested in Mighty Buildings?
35 investors have backed Mighty Buildings across its funding rounds, including Khosla Ventures, Core Innovation Capital, Y Combinator, Foundamental, Peak State Ventures and SV Angel.
Lead investors include Bold Capital Partners, Wa’ed Ventures, Khosla Ventures and Zeno Partners.
Mighty Buildings Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Lead | Apr 2018 | |
| Los Angeles, CA | 3 | Participant | Apr 2018 | |
| San Francisco, CA | 2 | Participant | Apr 2018 | |
 Berlin | 2 | Participant | Mar 2019 | |
| San Francisco, CA | 2 | Participant | Mar 2019 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} James Sowers | Cheyenne, WY | 1 | Participant | Mar 2019 |
| Los Angeles, CA | 1 | Lead | Sep 2023 | |
 Seoul | 1 | Participant | Mar 2019 | |
 Nicosia | 1 | Participant | Jul 2021 | |
| San Francisco, CA | 1 | Participant | Apr 2018 | |
 Dammam | 1 | Lead | Sep 2023 | |
| Austin, TX | 1 | Participant | Jul 2021 | |
| New York City, NY | 1 | Participant | Aug 2019 | |
This data is available for Pro users. Sign up to see all 35 Mighty Buildings investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestments by Mighty Buildings
Mighty Buildings has invested in 1 company to date.
Latest investment by Mighty Buildings was on May 8th 2023. Mighty Buildings invested in PermitFlow in their $6M Seed round.
Latest Investments by Mighty Buildings
| Description | PermitFlow is a San Francisco-headquartered YC W22 company automating construction permitting nationwide. Its platform covers permit research, application preparation, submission, and status tracking for builders across multiple municipalities and states, leveraging local expertise to cut processing times. |
| HQ Country | |
| HQ City | New York City, NY |
| Deal Date | 8 May 2023 |
| Round | Seed |
| Raised | $6M |
| Investors | PlanGrid; Procore; Initialized Capital; OpenDoor Venture Capital; Foundamental; Thumbtack; Zillow |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Mighty Buildings investments and their VC round multiples. Start Free Trial | |
Mighty Buildings Competitors
Mighty Buildings competitors include listed companies like Nano Dimension and Volatus Aerospace, and private ones like IPLUSMOBOT, Built Robotics, ideaForge and RoboForce.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Hangzhou | Private | - | - | $306M | - | |
| San Francisco, CA | Private | - | - | $345M | - | |
 Mumbai | Private | $152M | - | $304M | 2.0x | |
| San Jose, CA | Private | - | - | $350M | - | |
 Israel | Publicly listed | $102M | ($122M) | $327M | - | |
 Canada | Publicly listed | $25M | ($8M) | $332M | 11.1x |
Mighty Buildings Public Comps
Mighty Buildings is still privately-owned, but its public comps include Moury Construct, Nano Dimension, Kreate Group, MT Hojgaard Holding, Ashoka Buildcon, Volatus Aerospace, Mirbud, Echeverria Izquierdo, Instone Real Estate Group and Swarmer.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $287M | $56M | 0.5x | - | 2.7x | - | |||
| $102M | ($122M) | - | - | - | - | |||
| $363M | $20M | 1.1x | 0.6x | 19.2x | 10.0x | |||
| $1.6B | $83M | 0.2x | 0.2x | 3.6x | 4.3x | |||
| $725M | $423M | 0.6x | 0.7x | 1.1x | 8.2x | |||
| $25M | ($8M) | 12.5x | 11.1x | (37.6x) | (38.6x) | |||
| $780M | $53M | 0.6x | 0.5x | 8.2x | 8.7x | |||
| $652M | $56M | 0.9x | - | 10.6x | - | |||
This data is available for Pro users. Sign up to see all Mighty Buildings competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mighty Buildings
| When was Mighty Buildings founded? | Mighty Buildings was founded in 2017. |
| Where is Mighty Buildings headquartered? | Mighty Buildings is headquartered in San Francisco, CA, United States. |
| Is Mighty Buildings publicly listed? | No, Mighty Buildings is a private, VC-backed company. |
| What is Mighty Buildings' valuation? | Mighty Buildings was last valued at $325M in its Series B in September 2023. |
| How much funding has Mighty Buildings raised? | Mighty Buildings has raised $154M across 6 funding rounds. |
| What was Mighty Buildings' last funding round? | Mighty Buildings' last funding round was a $52M Series B in September 2023, led by Bold Capital Partners and Wa’ed Ventures. |
| Who are Mighty Buildings' investors? | Mighty Buildings' investors include Khosla Ventures, Core Innovation Capital, Y Combinator, Foundamental, Peak State Ventures, James Sowers, Bold Capital Partners, SparkLabs Accelerator, Polyvalent Capital, SV Angel and 25 others. |
| What is Mighty Buildings' revenue? | Mighty Buildings' latest recorded revenue is $5M (September 2023). |
| What is Mighty Buildings' revenue multiple? | Mighty Buildings' latest valuation implies a 65.0x revenue multiple ($325M valuation on $5M of revenue). |
| Which companies are comparable to Mighty Buildings? | Companies comparable to Mighty Buildings include IPLUSMOBOT, Built Robotics, ideaForge, RoboForce, Nano Dimension and Volatus Aerospace. |
| How many companies has Mighty Buildings invested in? | Mighty Buildings has invested in 1 company, including PermitFlow. |
| What was Mighty Buildings' last investment? | In May 2023, Mighty Buildings invested in PermitFlow's $6M seed round alongside PlanGrid, Procore, Initialized Capital and 4 other investors. |
See companies similar to Mighty Buildings
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.