Key Takeaways
- • Re:Build, the Framingham, Massachusetts-based advanced manufacturing company, announced it has secured $2.1 billion in new funding.
- • General Catalyst and JPMorganChase's Strategic Investment Group led the round.
- • The capital will expand Re:Build's capacity to manufacture hard tech products and launch new industrial startups.
- • The company says the investment will generate a surge of high-quality, U.S.-based manufacturing jobs.
Summary
Re:Build, which describes itself as an advanced manufacturing company focused on accelerating American industrial innovation, has announced it secured $2.1 billion in new funding, according to the company's announcement as reported by Massinvestor. The company is headquartered in Framingham, Massachusetts.
The round was led by General Catalyst and the Strategic Investment Group of JPMorganChase. Re:Build said the capital will expand its capacity to manufacture hard tech products and support the launch of new industrial startups.
Re:Build framed the investment as a means of ensuring the most innovative products can be made in the United States, and said it expects the funding to yield a surge of high-quality, U.S.-based manufacturing jobs. The announcement did not disclose a valuation, a breakdown of the round by investor, or specific job-creation targets.
The round was led by General Catalyst and the Strategic Investment Group of JPMorganChase. Re:Build said the capital will expand its capacity to manufacture hard tech products and support the launch of new industrial startups.
Re:Build framed the investment as a means of ensuring the most innovative products can be made in the United States, and said it expects the funding to yield a surge of high-quality, U.S.-based manufacturing jobs. The announcement did not disclose a valuation, a breakdown of the round by investor, or specific job-creation targets.
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