Vessel Technologies, Inc., a mission-driven housing product development company and franchisor that offers a high-quality, sustainable, and attainably priced housing solution, has secured Series A funding from co-lead investors Mastry Ventures and LENx, the venture arm of BuiltWorlds member Lennar Corporation. The investment will accelerate Vessel’s growth, supporting continued expansion in the Northeast and a rollout to housing-constrained markets across the country.
“This investment gives us the capacity to grow far more quickly and accelerate our efforts to offer each person an equal opportunity for an extraordinary life,” said Neil Rubler, Vessel’s Founder and CEO. “Our revolutionary product design, which incorporates the highest standards in environmental design and materials, and franchise model are game-changing for the housing industry. We are delighted that Mastry Ventures and LENx recognize Vessel’s potential to help communities, institutions like hospitals and universities, municipalities and traditional developers quickly create desperately needed, high-quality housing that’s attainably priced.”
Vessel’s system is specifically designed to fit on sites as small as a half-acre, providing homes that are highly sustainable, safe, healthy, universally accessible, and economically attainable for working people that are currently priced out of the communities in which they grew up, work, or wish to retire.
Vessel is also revolutionizing the property management industry by offering local entrepreneurs the opportunity to franchise a Vessel location and become a housing provider to their communities while securing their own economic futures. Vessel franchisees are carefully selected for their aptitude, empathy, customer-service orientation, and dedication to Vessel’s mission. They receive extensive training in the operation of the Vessel system and are completely responsible for day-to-day operations.
Since 2016, the BuiltWorlds Summit has been the premier gathering of senior level thought leaders from across the many industries that develop, design, build, and maintain our built environment. Collectively, attendees represent the pinnacle of the sector’s innovation ecosystem, and the Summit is the place to meet them and to hear about the most potent trends fueling the future of the industry.
LEARN MORE ABOUT OUR 2023 AMERICAS SUMMIT HERE
ABOUT AROUND THE NETWORK BRIEFS:
BuiltWorlds “Around the Network” Briefings offer BuiltWorlds Members an opportunity to keep the Community informed of their own initiatives, resource offerings, and other things they are excited to share about or collaborate around. We generally pull these posts as “highlights” from Member Company Pages, Innovation Exchange Posts, and other places our members share with us what they are up to.
ABOUT BUILTWORLDS:
BuiltWorlds is the buildings and infrastructure industry’s leading professional network for open innovation, keeping companies in the worlds of engineering, construction and related fields informed and connected, and helping them find avenues to collaborate for their own strategic success and for the betterment of the industry, as whole. For more information about BuiltWorlds, visit the BuiltWorlds Network or sign up for the BuiltWorlds Newsletter to stay connected to the Community for free.
Discussion
Be the first to leave a comment.
You must be a member of the BuiltWorlds community to join the discussion.