Four former senior staff members at Katerra, the offsite construction firm that declared bankruptcy earlier this year, have landed new roles with a London-based construction technology company.
The former Katerra directors joined U.S. operations last month at Modulous, which is opening its first U.S. office in the Seattle region. The contech company offers a digitized platform to modernize the design and construction process of modular housing.
At its peak in early 2019, Katerra reached a valuation of more than $4 billion. The company shut down a few years later due to executive transitions, delayed projects, construction costs, pandemic-related impacts and an inability to convince developers and contractors to move away from their traditional subcontractors.