# Katerra: Chapter 11 protection sought

Katerra, Inc. and debtor affiliates · United States · Construction technology

Evidence reviewed Oct 26, 2026. Historical event record.

Katerra entered Chapter 11 in June 2021. A buyer subsequently obtained court approval to purchase assets at its shuttered Tracy manufacturing facility.

## Historical private valuation

>$3bn · Jan 24, 2018

Chairman 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.

[Bloomberg / The Business Times](https://www.businesstimes.com.sg/property/softbank-leads-us865m-investment-construction-technology-startup-katerra)

## Documented event

Chapter 11 protection sought · Jun 6, 2021

No transaction price shown. 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.

[Volumetric Building Companies / PR Newswire](https://www.prnewswire.com/news-releases/volumetric-building-companies-receives-bankruptcy-court-approval-to-purchase-katerras-tracy-ca-assets-301348373.html)

## What changed

The insolvency and factory closure concerned the original Katerra business. Approval of the Tracy asset transaction created a route for another manufacturer to reuse part of the operation; it does not establish that every international affiliate or acquired asset permanently closed.

## Timeline

### Jan 24, 2018 — Private financing reported

Bloomberg reported an $865 million investment led by SoftBank, quoting Katerra’s chairman on the resulting valuation.

[Bloomberg / The Business Times](https://www.businesstimes.com.sg/property/softbank-leads-us865m-investment-construction-technology-startup-katerra)

### Jun 6, 2021 — Bankruptcy protection sought

Katerra entered the U.S. bankruptcy process ahead of court-supervised asset sales.

[Volumetric Building Companies / PR Newswire](https://www.prnewswire.com/news-releases/volumetric-building-companies-receives-bankruptcy-court-approval-to-purchase-katerras-tracy-ca-assets-301348373.html)

### Aug 4, 2021 — 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.

[Volumetric Building Companies / PR Newswire](https://www.prnewswire.com/news-releases/volumetric-building-companies-receives-bankruptcy-court-approval-to-purchase-katerras-tracy-ca-assets-301348373.html)

## Disclosed investors

Historical funding participation; not current ownership or investor losses.

- SoftBank Vision Fund — [Bloomberg / The Business Times](https://www.businesstimes.com.sg/property/softbank-leads-us865m-investment-construction-technology-startup-katerra)

## Sources

- [SoftBank leads US$865m investment in construction technology startup Katerra](https://www.businesstimes.com.sg/property/softbank-leads-us865m-investment-construction-technology-startup-katerra) — Bloomberg / The Business Times; published Jan 24, 2018; accessed Oct 26, 2026; financial reporting.

- [Volumetric Building Companies Receives Bankruptcy Court Approval To Purchase Katerra's Tracy, CA Assets](https://www.prnewswire.com/news-releases/volumetric-building-companies-receives-bankruptcy-court-approval-to-purchase-katerras-tracy-ca-assets-301348373.html) — Volumetric Building Companies / PR Newswire; published Aug 4, 2021; accessed Oct 26, 2026; primary source.

Logo: [Katerra logo source](https://commons.wikimedia.org/wiki/File:Katerra_Primary_Logo.jpg), Katerra · [CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/). Original file; no edits.

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