Altss Research / Venture case 25
Katerra
Katerra entered Chapter 11 in June 2021. A buyer subsequently obtained court approval to purchase assets at its shuttered Tracy manufacturing facility.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
>$3bnChairman and co-founder Michael Marks told Bloomberg that the private company’s valuation exceeded $3 billion after the SoftBank-led financing. This is a reported historical lower bound, not a claimed peak.
Bankruptcy / insolvency
No sale priceChapter 11 protection sought. The subsequent buyer’s announcement identifies June 6, 2021 as Katerra’s bankruptcy filing date and the Tracy transaction as a court-supervised asset sale.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Private financing reported
Bloomberg reported an $865 million investment led by SoftBank, quoting Katerra’s chairman on the resulting valuation.
Bankruptcy protection sought
Katerra entered the U.S. bankruptcy process ahead of court-supervised asset sales.
Tracy asset-sale approval announced
Volumetric Building Companies announced court approval to purchase the facility lease, tenant improvements and other Tracy assets. Its proposed restart was a buyer’s plan, not evidence that Katerra itself resumed operations.
Source documents
Publication and access dates identify the evidence used for this case.
Bloomberg / The Business Times · Financial reporting · Published Jan 24, 2018 · Accessed Oct 26, 2026
Volumetric Building Companies / PR Newswire · Primary source · Published Aug 4, 2021 · Accessed Oct 26, 2026
Logo: Katerra logo source, Katerra · CC BY-SA 4.0. Original file; no edits.
