Modular building and construction components firm Katerra Inc. announced that its largest investor, SoftBank Group Inc., plans to invest an additional $200 million in the startup. The latest move is meant to stave off financial challenges that started last year, after a period of rapid growth, and have increased during the coronavirus pandemic.
SoftBank to Invest $200 Million in Rescue of Construction Startup Katerra
Japanese Investment Giant to Take Majority Stake
CoStar News
December 31, 2020 | 12:35 P.M.
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