Housing technology company Intelligent City has raised $22 million, bringing the total capital invested in the firm to $30 million. According to the company, the funding will be used to scale operations, commercialize its Platforms for Life (P4L) building solution, grow factory automation, and expand its footprint across and beyond Canada.

The raise includes Series A venture funding with participation by BDC Capital?s Cleantech Practice, Greensoil PropTech Ventures, UIT Growth Equity GP, Fulmer & Company, and over 30 independent investors, in combination with government programs and accelerators such as the Natural Resources Canada (NRCan) Investments in Forest Industry Transformation program (IFIT), the Sustainable Development Technology Canada (SDTC) Seed Fund, and the Next Generation Manufacturing Supercluster (NGen) Manufacturing Project Funding. Fort Capital Partners acted as financial advisor and placement agent for the Series A and Seed rounds.  ?We are focused on revolutionizing an industry that is notoriously slow to innovate while making a significant impact on our climate with lower carbon emissions from the construction and operations of buildings,? explained Oliver Lang, CEO, and Co-Founder of Intelligent City. ?By utilizing green building strategies and patented technology to deliver affordable, mass-customizable urban housing, we can help cities to adapt more quickly as the needs of people and the planet evolve.?
Photograph of Intelligent City?s auto...