ICON, a company pioneering the construction of homes using 3D printing technology, has announced the closing of US$56 million in Series C funding, co-led by Norwest Venture Partners and Tiger Global. The raise represents a first close for the Austin-based ICON, with additional funding of up to US$75 million planned. Existing backers CAZ Investments, LENX, Modern Ventures, Oakhouse Partners, and Overmatch Ventures also participated in the round. This new capital infusion brings ICON’s total raised to over US$500 million.
Latham & Watkins LLP represents ICON in the transaction with a corporate deal team led by Austin partner Scott Craig, with associates Erik Thompson, Jeff Serfass, and Saúl Aguirre-Villarreal.
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