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Construction Startup Katerra Seeks Bankruptcy Protection, Plans To Sell Assets

SoftBank-Backed Construction Tech Firm To Shed Some Business Segments
Katerra Inc., a tech-centric construction firm that sought to revolutionize the industry with modular construction and cross-laminated timber, has struggled in the past year. (Katerra Inc.)
Katerra Inc., a tech-centric construction firm that sought to revolutionize the industry with modular construction and cross-laminated timber, has struggled in the past year. (Katerra Inc.)
CoStar News
June 7, 2021 | 8:46 P.M.

SoftBank-backed construction startup Katerra Inc. filed for Chapter 11 bankruptcy protection as it plans to sell off some of its assets and wind down operations "in the wake of a severe liquidity crisis," according to court filings.

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