The US company ICON, known for its use of 3D printing technology in house construction, has received 56 million US dollars in a Series C financing round. The round was co-led by Norwest Venture Partners and Tiger Global. Existing investors such as CAZ Investments, LENX, Modern Ventures, Oakhouse Partners and Overmatch Ventures also participated.
ICON plans to use the new capital to further develop its robotic construction system “Phoenix”. This enables the 3D printing of multi-storey buildings, including foundations and roof structures. Increased speed and size, reduced set-up times and fewer personnel required should significantly reduce construction costs.
Since its foundation in 2017, ICON has realized almost 200 buildings in the USA and Mexico using 3D printing. In January 2025, however, the company had to lay off 114 employees in order to focus on prioritized projects and invest in the most promising growth areas. ICON currently employs around 200 people.
In addition to hardware development, ICON has also introduced “CODEX”, a digital catalog with over 60 ready-to-print house designs. This is intended to make the planning process easier for builders and architects.
The company is also working on “Vitruvius”, an AI-supported system that is able to create complete construction plans based on customer requirements and budget specifications. This tool is intended to automate and speed up the design process.
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