Norwest Venture led a $207m Series B funding round in ICON.

Norwest Venture, an American venture and growth equity investment firm, led a $207m Series B funding round in ICON, a developer of advanced construction technologies including robotics, software and building materials. Other investors include 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. "ICON's groundbreaking technology has created a new paradigm for homebuilding that fundamentally changes how housing is constructed. The company is already building everything from single family homes for the homeless all the way to structures for habitation on the moon and Mars. But we are particularly excited about the opportunity for ICON to collaborate with home builders and massively impact the housing shortage currently plaguing the US We're thrilled to add ICON to our portfolio of innovative prop tech leaders and look forward to partnering with the team in the years ahead," Jeff Crowe, Norwest Venture Managing Partner.