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December 10, 2020 | Tom Ballard

Branch Technology raises another $11 million

Chattanooga’s Branch Technology, a disruptive company at the forefront of construction-scale 3D printing, announced earlier this week the closing of an $11 million funding round led by EquipmentShare. The oversubscribed round also included participation from Brick & Mortar Ventures, Chattanooga Renaissance Fund, and other previous investors.

In a news release announcing the new investment, Platt Boyd, Founder and Chief Executive Officer, said, “We are excited about the addition of EquipmentShare to our strategic team of investors and partners. Together with past investment from Brick & Mortar Ventures, Bonaventure Capital, LaunchTN, and Metaprop, we are collectively revolutionizing the construction industry.”

Including the Series A round completed in 2018, Branch has raised more than $22 million with strategic investors to create a world-class team, the largest fleet of construction scale 3D printers, and multiple product lines, all within their 40,000sf digital manufacturing facility. The latest investment will allow Branch to continue the growth of its team with additional industry experts focused on building science, software development, and engineering, as well as expand the capabilities and scale of its robotic production fleet.

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