IndieDwell, the startup for Denver-based homes, has risen $ 5.7 million In series A financing, to bring affordable housing to the millions.
The round was led by HMS Development and Bastogne Development Partners, two companies specializing in promoting the development of the real estate industry and surrounding communities. The startup has now raised a total of $ 7.6 million since its inception in 2018, which has grown significantly since then. Ndamukong Suh, President of HMS Development, said about the company’s participation in the round:
“We believe that the life that can be achieved is a key step in both individual and community growth, which is why we are proud to partner with indieDwell to provide turnkey development and construction solutions to communities across the country.”
IndieDwell has been addressing the growing housing crisis in the United States by offering affordable housing through homes that are energy efficient, sustainable and sustainable. The startup is also partnering with local communities to provide competitive benefits to locals as well as open factories that allow them to create affordable housing for those in need.
Right now, indieDwell has a 100-square-foot factory in Pueblo and plans to open a new one in Newport News in the near future. The launch has made it clear that it intends to continue its expansion, with additional plant locations already planned and to be announced in 2022. IndieDwell CEO Christina Ortiz Bluth said:
“We are pleased with the collaboration of our new investors, as this capital comes at a time of strong sales supply, so it helps drive our growth initiatives. Housing cost and availability are on our country’s concern lists. to create jobs that pay for incentives “.
It is calculated per year Habitat for Humanity About 30% of U.S. households were “charged with housing costs” in 2019. Ivory Prize, Harvard Joint Center for Housing Studies and Terner Center for Housing Innovations, housing the startup believes it can help solve this crisis by reducing housing-related costs.