Abodu raises $20M to build prefabricated backyard homes

18 Jul, 2021

Abodu raises $20M to build prefabricated backyard homes
Photo by Matthew Fassnacht on Unsplash

– Abodu, a startup that builds prefabricated ADUs, raised $20m in Series A funding.
– The round was led by Norwest Venture Partners and joined by previous backer Initialized Capital, Redfin CEO Glenn Kelman, Mayor Michael Tubbs, GGV investor Hans Tung and Paradox Capital’s Kyle Tibbitts.
– The startup claims that one of its backyard homes can be installed in just 10% of the time it would take for a traditional ADU to be built.

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