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SoftBank-Funded Construction Startup Katerra Names New Chief Executive, Secures New Funding

Tokyo-Based Venture Capital Giant Doubles Down on Investment in Modular Construction Firm
Katerra opened a cross-laminated timber factory in Spokane Valley, Washington, last year. (Katerra Inc.)
Katerra opened a cross-laminated timber factory in Spokane Valley, Washington, last year. (Katerra Inc.)

Katerra Inc. replaced its chief executive and announced $200 million in new funding from its largest investor, SoftBank Group Corp., as the modular construction startup navigates through project delays caused by the coronavirus pandemic.

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News | SoftBank-Funded Construction Startup Katerra Names New Chief Executive, Secures New Funding