Blokable Raises $23M in Series A Financing
Aug 19, 2019
Blokable , a Seattle, WA-based connected housing developer, closed a $23m Series A financing round. The round was led by Vulcan Capital with participation from Building Ventures, Jason Calacanis’ LAUNCH, Kapor Capital, Marc Benioff, Motley Fool Ventures, Ten Eighty Capital, and angel investor Dennis Joyce. In conjunction with the funding, YB Choi joined Blokable’s board of directors. The company intends to use the funds for product development and manufacturing expansion for its West Coast project pipeline. It is now growing its product development team and adding a second manufacturing facility in the Sacramento area. Led by Co-CEOs Nelson del Rio and Aaron Holm, Blokable is a builder of connected housing at scale. The company offers a vertically integrated development platform—from design, planning, financing, and permitting, to almost-complete manufacturing, delivery, on-site construction, and ongoing operational support. Blokable’s project partners include land owners, investors, and nonprofit housing service providers who are looking for more efficient alternatives to traditional development. The proprietary building system is currently built in the company’s first factory in Vancouver, Wash.