Silicon Valley construction startup said to be raising up to $200M in new funding

Katerra Inc., a construction manufacturing startup led by the former CEO of Flextronics, is reportedly looking for $200 million in new funding.

The Menlo Park-based company disclosed in a regulatory filing last week that it raised about $28 million of a planned $30 million round. But Axios cited unnamed sources on Tuesday that said the actual goal is to raise about $200 million.

Katerra raised $160 million last year, bringing the total raised up to $244 million and its valuation to about $2.5 billion, according to PitchBook Data. Its investors include Greenoaks Capital, Moore Capital Management, Khosla Ventures, DFJ, Foxconn and Paxion.

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