Plant Prefab, Inc. announced that it has received $42 million in funding from Gerdau Next Ventures, Asahi Kasei Corporation, Brown Angel Group, ICT Capital, Unreasonable Collective, ATEL Capital Group, and Western Technology Investment

On December 3, 2022, Plant Prefab, Inc. closed the transaction. The company amended the transaction. The company received $42,000,000 in the transaction.

On the same date the company received $22,645,000 in its second and final tranche led by Gerdau Next Ventures along with participation from Asahi Kasei Corporation, Brown Angel Group, ICT Capital, and Unreasonable Collective. The company issued common shares in the transaction. The company also received participation from ATEL Capital Group, and Western Technology Investment for debt part of the transaction.