Transforming affordable housing through technology and innovation.
Dextall has raised $15 million in Series A funding to revolutionize affordable housing with its AI-powered prefabrication platform. The investment will enhance Dextall’s capabilities and enable expansion into major cities, addressing the urgent housing crisis. With a focus on efficiency, Dextall aims to significantly reduce construction timelines and costs, while forming partnerships with leading architectural and construction firms.
Dextall, a forward-thinking construction technology company, has successfully raised $15 million in a Series A funding round aimed at revolutionizing the affordable housing sector. This significant investment is designed to enhance Dextall’s AI-powered prefabrication platform as it seeks to expand its reach across the nation.
Leading the funding initiative are L+M and Essence, prominent figures in the industry, who are putting their resources toward high-volume projects deemed essential in addressing the affordable housing crisis. Other investors, including Winklevoss Capital, show a growing interest in utilizing scalable technology to modernize the construction industry.
At the heart of Dextall’s innovative approach is its vertically integrated platform, which incorporates the Dextall Studio—a specialized software capable of transforming schematic designs into comprehensive architectural and fabrication drawings in less than a week. This innovative process stands in stark contrast to the traditional design methods that can take up to 36 months to complete.
Dextall’s prefabricated modular systems are produced by a network of certified regional partners, providing flexibility and efficiency. The use of an AI-powered operating system not only boosts operational efficiency but also accelerates project delivery, further streamlining construction timelines.
The urgency for affordable housing is palpable, especially in New York City, where over 6 million individuals have applied for only 10,000 affordable units. Vacancy rates in the city linger at a mere 1.4%, while average rents have soared beyond $3,500 per month, intensifying the need for cost-effective living solutions.
In response to this housing crisis, Dextall is adapting to shifting market needs that extend beyond traditional two-story constructions. The emphasis is now on taller buildings in urban areas, aligning with the goals of local laws and sustainability initiatives.
Dextall’s methods have the potential to significantly reduce design-to-install timelines by up to 80% and decrease onsite labor costs by an impressive 87%. Additionally, the platform has been shown to lower operational energy costs by 20%, a meaningful contribution to the broader goal of affordable housing.
The company currently boasts a project backlog valued at $110 million and has secured $50 million in new contracts for the year 2024, indicating a strong market demand for its innovative technologies.
Dextall’s Series A funding will facilitate the development of its Dextall Studio and allow for expansion into major cities such as Boston, Philadelphia, Washington D.C., and Chicago. This growth is expected to further enhance the company’s capabilities in delivering affordable housing solutions.
Notably, industry engagement has strengthened through partnerships with renowned architectural firms like SOM and SLCE Architects, who are specifying Dextall panels in their designs. Major construction firms, including Turner Construction and Suffolk Construction, are already incorporating Dextall’s panels into their high-rise projects.
Recent developments, such as the Baltic Canal in Gowanus, Brooklyn, exemplify Dextall’s vision. This 11-story residential building includes 96 residences, with a percentage of units available at various affordability levels ranging from 40% to 130% of area median income (AMI). The apartments are competitively priced, with two-bedroom units available as low as $1,080/month.
Applications for these affordable apartments close on September 8, 2025, serving as a reminder of the pressing need for accessible housing options in urban environments.
As Dextall continues to innovate within the construction technology sphere, their ambition to eliminate 1 million days of coordination and construction time by 2030 reflects their commitment to addressing the ongoing housing crisis and setting new standards within the industry.
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