Branch Technology Raises $11M to Expand Capabilities for Enterprise Partnerships
Chattanooga, TN, December 8, 2020 — Branch Technology, a disruptive technology company at the forefront of construction-scale 3D printing, is excited to announce the closing of an $11M funding round led by EquipmentShare, with oversubscribed support from Brick & Mortar Ventures, Chattanooga Renaissance Fund, and other previous investors.
“We are excited about the addition of EquipmentShare to our strategic team of investors and partners,” said Platt Boyd, Founder-CEO of Branch Technology. “Together with past investment from Brick & Mortar Ventures, Bonaventure Capital, LaunchTN, and Metaprop, we are collectively revolutionizing the construction industry.”
Including the Series A round raised in 2018, Branch has raised more than $22M with strategic investors to create a world-class team, the largest fleet of construction scale 3D printers, and multiple product lines, all within their 40,000sf digital manufacturing facility. This new investment will allow Branch to continue the growth of its team with additional industry experts focused on building science, software development, and engineering, as well as expand the capabilities and scale of its robotic production fleet.
The construction industry as a whole has been analog for far too long, and Branch is focused on creating next-generation construction material for the digital age. Mitch Lewandowski, the Chief Commercial Officer for Branch Technology, mentioned that “This funding supports several enterprise relationships that will officially launch in 2021 and accelerates new joint capabilities that will serve the broader construction market.”
As additive manufacturing proves its ability to transform the construction industry, Branch has seen a sharp increase in strategic and developer partnerships. As the company expands, so does its capacity to develop more advanced offerings for its industry-leading Cellular Fabrication (C-Fab®) composite 3D printing process. C-Fab® combines industrial robotics, sophisticated geometric algorithms, and a novel “Freeform” printing technique that allows material to solidify in free space. This technology is used at construction-scale to produce 3D printed building cladding, optimized composite products, and off-world construction; the applications are increasing every day.
ABOUT BRANCH: Branch is a construction-tech company that 3D prints construction solutions for commercial buildings and custom structural products for developmental applications. The firm’s prefabricated facade panels bring unprecedented design freedom, material efficiency, and signature identity to a client’s property, setting it apart from the traditional and monotonous architectural landscape. Branch works with developers, architects, builders, and sectors of the US government to bring the productivity and design freedom of advanced manufacturing and direct digital fabrication to the built environment. During the past four years, Branch has collaborated with organizations like NASA, the US Air Force, SHoP Architects, Cambridge Development, Foster+Partners, SOM, and Turner Construction to create many “world’s first,” category-defining projects.
ABOUT EQUIPMENT SHARE: EquipmentShare offers contractors a better way to manage construction fleets by leveraging technology solutions to work smarter, more efficiently, and with improved productivity.
For more information: John McCabe, Director of Communication, firstname.lastname@example.org