Connect Homes: Connect Homes Finds $10.8M For Prefab Housing

Los Angeles-based Connect Homes, a developer of prefab housing technology, has raised $10.8M in its Series A funding round, according to the company. The funding was led by Brick & Mortar Ventures and Virgo Investment Group, and also included MetaProp, Almubader Growth Fund, and Wells Fargo Strategic Capital. As part of the funding, the company added Brick & Mortar's Darren Bechtel, and Virgo's Scott Johnson to its board of directors. According to the company, the new funding will go towards its factory and application of its technology. The company develops pre-fab, residential homes in 14 different models, which it says provides "high-design" homes at a fraction of the time and cost of custom residential architecture and building. The startup was founded in 2013 by Jared Levy and Gordon Stott.