Proptech Kambio closed a $1 million funding round led by First Check Ventures, PlugAndPlay, WeWork Alumni Fund, Bluebox Ventures and Assymetry Ventures. Some other investors include ConConcreto, one of the largest construction companies in Colombia; and some angel investors like Miguel McKelvey, Co-founder of WeWork, as well as Jeronimo and Tomas Uribe from LaHaus, among others.
Kambio is a prefabricated modular home company that adds technology to a platform for on-demand customization and construction. Homes are designed to be disassembled, packed and shipped. Their growth is promising thanks to a model that allows building a property with the same ease as ordering dinner or buying clothes online.
“Construction companies in Mexico have become global benchmarks, like Cemex or CICSA. We hope to become leaders of a new generation of construction companies, one that is more aware of the need of technological innovation and sustainable practices”, Diego Kuri, CEO & Co-Founder at Kambio.
According to Grand View Research’s global report on the prefabricated market, the value of this sector reached $89.3 billion in 2019 and it is estimated to grow at a 6.3% rate between 2020 and 2027. In the United States alone – the market where Kambio has taken its first steps – about 100,000 prefabricated houses are sold each year.