Norwest leads venture round for ICON, maker of 3-D printed homes

ICON Technologies Inc., which uses jumbo-sized 3-D printers to build homes, said Wednesday it closed a $207 million series B round of investment led by Norwest Venture Partners, which is backed by Wells Fargo & Co. . Other investors included Citigroup Inc. , 8VC, BIG-Bjarke Ingels Group, Bond, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. The Austin, Texas company has delivered more than 24 3D-printed homes and structures in the U.S. and Mexico and is working on social housing, disaster relief housing and mainstream housing, as well as working with NASA on infrastructure and habitats for potential use on the moon and Mars. Norwest Venture Partners managing partner Jeff Crowe is joining the board of ICON as part of the firm's Series B round, which brings its total funding to $266 million in about three years. ICON CEO and co-founder Jason Ballard continues to lead the company. (This item was written by Steve Gelsi) Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Norwest leads venture round for ICON, maker of 3-D printed homes
ICON Technologies Inc., which uses jumbo-sized 3-D printers to build homes, said Wednesday it closed a $207 million series B round of investment led by Norwest Venture Partners, which is backed by Wells Fargo & Co. . Other investors included Citigroup Inc. , 8VC, BIG-Bjarke Ingels Group, Bond, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. The Austin, Texas company has delivered more than 24 3D-printed homes and structures in the U.S. and Mexico and is working on social housing, disaster relief housing and mainstream housing, as well as working with NASA on infrastructure and habitats for potential use on the moon and Mars. Norwest Venture Partners managing partner Jeff Crowe is joining the board of ICON as part of the firm's Series B round, which brings its total funding to $266 million in about three years. ICON CEO and co-founder Jason Ballard continues to lead the company. (This item was written by Steve Gelsi) Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.