What does Villa do?
Villa is an offsite homebuilding platform that leverages modern construction techniques and advanced technologies like AI and machine learning to streamline every aspect of the homebuilding process. The company partners with a network of manufacturing factories to deliver a range of housing products including accessory dwelling units, single-family homes, duplexes, and townhomes through an end-to-end service model.
How much did they raise?
Villa raised a total of $40M in funding, including a $20M round led by Unless, with participation from existing investors Atomic and Tectonic Ventures, along with other undisclosed strategic investors. The company also established a joint venture with Unless with an initial equity commitment of $20M.
What are their plans for the money?
The new funds will be used to accelerate Villa's development of entry-level homes and expand its offsite construction platform across prime locations in California and Colorado. This funding is expected to facilitate the construction of more than 350 homes as Villa scales its operations and enhances its technology-driven approach.
What have they achieved so far?
Villa has already marked significant milestones, including the launch of its primary homebuilding segment and the acquisition of infill development land sites in California and Colorado. The company has built several hundred accessory dwelling units across more than 100 local jurisdictions and expanded its services to institutional clients.
