Dvele, a real estate technology company, raised $14 million in a Series A funding round led by real estate investment company Crescent Real Estate LLC. The investment coincides with the opening of the company’s new headquarters in San Diego, California, in a 75,000 square foot production foundry.
According to the company, it utilizes an innovative, hybrid business model for home fabrication under controlled conditions that provides a single stop for architecture, interior design, supply management for materials, general contracting, and delivery. By using best practices in software automation, material selection, manufacturing techniques, energy efficiency, and air-quality standards, Dvele strives to ensure a healthy, high-quality living environment that lasts a lifetime.
Dvele plans to use the funding to build out and commercialization their digital platform for offsite home production.