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Dextall Closed $15M Series A as Leading Developers Back AI-Powered Prefab To Tackle Housing Crisis

NEW YORK, July 11, 2025 (GLOBE NEWSWIRE) -- Dextall, the construction technology company integrating design software with off-site manufacturing, has closed a $15 million Series A round to scale its AI-powered prefabrication platform nationwide.

The round was anchored by industry powerhouses whose balance sheets and project pipelines rival those of major venture firms:

L+M Development Partners, a national leader in affordable and mixed-income housing, responsible for over $20 billion in development and more than 55,000 residential units built, preserved, or under construction.

Essence Development, founded by former NFL safety Jamar Adams, manages a $6 billion pipeline including nearly 4,000 affordable and workforce housing units and 3,000 market-rate units across the Northeast corridor.

Simpson Strong-Tie (NYSE:SSD), the global leader in structural connectors, with $2.2 billion in 2024 revenue and a worldwide materials supply network spanning more than 50 facilities.

L+M and Essence bring high-volume affordable housing projects where speed and cost certainty are critical. Simpson Strong-Tie strengthens Dextall's global supply chain and supports its scalable model for distributed fabrication by leveraging its international footprint in material supply. This support, which also included participation from Winklevoss Capital, reflects growing investor demand for scalable technology that can modernize outdated industries.

Dextall's vertically ...