As of June 2017, FullStack Modular has secured a $6.00M Series A investment from notable investors including Lloyd Goldman, Jonathan Grunzweig, Jonathan Langer, McCourt Global, and Lawrence Benenson. Founded in 2016 and headquartered in the United States, FullStack Modular has positioned itself as a leading innovator in the design, manufacturing, and construction of mid & high modular buildings. FullStack Modular's approach integrates offsite volumetric modular construction with new technologies to introduce a remarkable level of control, predictability, and scalability to multifamily development. The company's foundation was laid when it acquired the IP, Brooklyn Navy Yard facility, and equipment from F.C. Modular, the constructor of the world's tallest volumetric modular building, 461 Dean Street in Brooklyn, NY. Notably, FullStack Modular is contributing to a technological renaissance in the construction industry. With a focus on multi-story, multifamily residential, hospitality, dormitories, and hospital rooms, the company offers a simplified development process with cost savings of up to 15% and time savings of 25-50% compared to conventional site-built construction. Their capabilities to build modular buildings from seven to 45 stories using steel framing distinguish them as one of America's only steel-framed modular builders, operating along the eastern seaboard. In an industry historically averse to technological adoption, FullStack Modular's approach stands to revolutionize construction practices by leveraging building information modeling, proprietary technology, offsite construction, and in-house supply chain management. Their disruptive methodology addresses the industry's need for productivity gains, with potential implications for reshaping future construction practices. For further information, contact [email protected].
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $6.00M | 5 | Lloyd Goldman, Jonathan Grunzweig +3 | 05 Jun 2017 |