Off-site builder Dvele raises $14 million
Dvele, the modular off-site home builder, has raised $14 million in funding led by real estate investment company Crescent Real Estate LLC.
The “Series A” round of funding coincides with the opening of the Dvele’s new headquarters in San Diego, Calif., including a 75,000 square-foot production foundry. Dvele said it will use the funding to “fuel the build out and commercialization” of its digital platform for offsite home production.
“Dvele is creating the template for a software-defined home and construction site that will change the expectations for how a home is built and delivered. We believe our customers should be able to order a home with the same ease and high end experience they expect in buying a luxury car brand or quality consumer electronics,” said Kurt Goodjohn, Dvele founder and CEO. “The construction industry has been stagnant for decades. Prefabrication is essential for a future where our living environments reflect the world we want to live in: healthy, energy efficient, beautiful and built to last a lifetime.”
Funding will also support current projects to rebuild homes in the Ventura and Santa Rosa communities that were badly damaged by wildfires.
Projects, currently in development, will place new homes on sites where the previous homes were destroyed by the fires. The completed dwellings will be available for sale this summer without the inflated prices that often occur in an area that has been devastated by natural disasters.
“Traditional home building has been slow to innovate and hasn’t embraced the digital tools and factory efficiencies that have driven our overall economy for the last few decades,” said Conrad Suszynski, Co-CEO at Crescent.
“Technology-driven home-building that improves the customer experience and delivers luxury, high-tech housing will be a significant turning point for the residential construction industry,” added Suszynski.
The “Series A” round of funding coincides with the opening of the Dvele’s new headquarters in San Diego, Calif., including a 75,000 square-foot production foundry. Dvele said it will use the funding to “fuel the build out and commercialization” of its digital platform for offsite home production.
Funding will also support current projects to rebuild homes in the Ventura and Santa Rosa communities that were badly damaged by wildfires.
Projects, currently in development, will place new homes on sites where the previous homes were destroyed by the fires. The completed dwellings will be available for sale this summer without the inflated prices that often occur in an area that has been devastated by natural disasters.
“Traditional home building has been slow to innovate and hasn’t embraced the digital tools and factory efficiencies that have driven our overall economy for the last few decades,” said Conrad Suszynski, Co-CEO at Crescent.
“Technology-driven home-building that improves the customer experience and delivers luxury, high-tech housing will be a significant turning point for the residential construction industry,” added Suszynski.