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Simple Homes

Prefab Tech
Segments:
Single-family residential units, Prefabricated commercial buildings and structures, Accessory dwelling units (ADUs)
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Product stage:
Early
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Simple Homes develops single-family residential units and accessory dwelling units (ADUs) using a panelized building system, targeting individual home buyers. It also offers panelized framing solutions for single-family and multifamily residential units, targeting developers. The company provides a set of pre-designed floor plans with options for customization as well as fully custom designs. All the houses are designed using a digital fabrication model (using digital twin technology) and transmitted digitally to the factory floor for production using a panelized building system. The company reports that this system reduces 75–90% of the framing time compared to traditional construction. Its digital fabrication and material optimization algorithm is reported to reduce material waste in framing by up to 15%. The company also offers options for zero energy generation, a smart homes package, and electric car charging, at an additional cost.

Its manufacturing plant is situated in Denver and provides free transportation within 75 miles of the city. The transportation fee is around USD 2 for every additional mile. By July 2021, Simple Homes had completed six projects with around 10 ongoing projects at the time.

In November 2022, Simple Homes acquired roof and floor truss manufacturer Rigid Component Systems to integrate Rigid’s proprietary business operations software to utilize Rigid’s capabilities and assets into its turnkey framing business.

Funding and financials

In August 2020, the company was awarded USD 1 million by the US Department of Energy (DOE)’s Building Technologies Office (BTO) for research on the company’s robotic production technology to facilitate the delivery of cost-effective energy-efficient homes. In April 2021, the company raised USD 3.7 million, bringing the company’s total funding to USD 4.8 million. 

Key stats
Featured companies
53
Total funding (USD)
1.7 Bn
Total addressable market (USD)
362.0 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

M&A
Nov 8, 2022
Simple Homes acquires Rigid Component Systems
Prefab Tech

Company Brief


HQ location:
5151 Bannock St Building H Denver CO USA
Founded year:
2019
Employees:
11-50
Total Funding:
USD 4.8 million
Last Funding
USD 3.8 million, Apr 2021

Funding


Funding data are powered by Crunchbase
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