FALKBUILT CLOSES $35 MILLION CAD SERIES A-2 TO FUEL GROWTH
For immediate release April 13, 2022
(Calgary, Alberta – April 13, 2022) Calgary-based construction technology company Falkbuilt Ltd. announced today they have closed a $35 Million CAD equity investment led by Stephens Capital Partners and RET Ventures, who led the previously raised $14 Million CAD financing for the company in 2020. This strategic investment will support Falkbuilt’s accelerating growth and increasing presence in the global market.
Founded in 2019, Falkbuilt is a world leader in Digital Component Construction with over 400 employees and 90+ Falkbuilt Factory Direct Branches in North America, the Middle East, and India. The interior construction manufacturing company uses next-generation technology to manufacture components efficiently and precisely in the factory and is the first, worldwide, to provide digital end-to-end, offsite prefabricated solutions from design, development, fabrication, and installation through its innovative Echo technology.
“This substantial investment not only validates our vision to solve legacy challenges in conventional construction, but is a testament to the strength of our management team, our Board of Directors, and every one of our employees”, says Gina Thornton, Chief Financial Officer of Falkbuilt Ltd.
Falkbuilt’s Digital Component Construction is the only viable solution to ongoing challenges facing the construction industry, such as material availability, price escalation, skilled labour shortages, and unpredictable schedules. The use of technology empowers Falkbuilt to respond to these challenges while providing customizable, sustainable, and cost-effective solutions.
Falkbuilt has experienced 100% growth year-over-year and is on track to achieve high-growth targets for fiscal year 2022 and onward. With this new investment, the company plans to expand operations through increasing manufacturing capacity, investing in their global network of Falkbuilt Factory Direct Branches, and further investment in their leading-edge Echo technology. For more information, please visit www.falkbuilt.com.
About Stephens Capital Partners
Stephens Capital Partners LLC (“SCP”) is the direct investment arm of the Warren A. Stephens family and is based in Little Rock, Arkansas. SCP targets opportunities to partner with industry-leading management teams with a long-term perspective. SCP provides capital for the purposes of growth, recapitalization and acquisitions. SCP’s current portfolio consists of nearly 50 investments in companies in a wide array of industries and geographies. Stephens Inc., an affiliate of SCP, is a full-service investment banking firm headquartered in Little Rock, Arkansas serving a broad client base of corporations, state and local governments, financial institutions, institutional and individual investors throughout the United States and overseas. The firm is a member of the New York Stock Exchange and SIPC. For more information, see www.stephens.com.
About RET Ventures
A leading real estate technology investment firm, RET Ventures is a strategic VC focused on investing in early-stage proptech companies. The majority of RET's more than $350 million of committed capital comes from more than 40 of the largest real estate institutions in North America, who own and manage over $600 billion of real estate assets.
Working closely with its strategic investors, RET identifies technology innovations that eliminate inefficiencies felt by real estate operators and provides ongoing guidance to startups as they refine their product-market fit. The firm invests in technology companies that operate across the real estate industry, with a particularly strong focus on startups that cater to the multifamily and SFR sectors and technologies that address broader real estate ESG concerns. Since 2017, RET has made investments in 25+ separate technology solutions. For more information, please visit www.ret.vc