I’ve just moved to San Francisco. It seems that every coder I know is moving back to San Francisco these days. There’s a good reason for it. Startup investment in certain neighborhoods has gone up as high as 300% since 2009.
Founded in 2015 by former Tesla interim CEO Michael Marks, Katerra raised a total of $865mn. The funding was secured exclusively from SoftBank Core’s Vision Fund. The company is based in Menlo Park and specializes in offsite design and construction solutions that are disrupting the US residential construction market. To fuse architecture and design prefabrication techniques into a linear, end-to-end design-build process through offsite ‘constructuring’ of cross-laminated timber, windows, walls and other components scored by its own end-to-end supply chain.
Let’s take a look at the 94105 zip code in San Francisco.
Investment in this area since 2005 looks like this (in millions of US dollars):
A more detailed analysis can be found in this spreadsheet.
Are you part of a startup looking to move into the 94105? WeWork, which is also in the 94105 and where I’m currently working, has lots of space available. We’re leasing about 5000 square feet at low prices which should accommodate a startup of 50 – 75 people, if you’d like to get started, check this online brokerage.
Thanks Crunchbase for the raw data.