February 04, 2021
Bessemer-based BLOX has gotten a $40 million minority investment from a strategic investment firm in Atlanta.
ASH Ventures has announced the Series B commitment, which should close later this quarter.
BLOX is the developer of the Design Manufacture Construct (DMC) platform, which builds institutional-grade, complex structures at scale. The company specializes in healthcare facilities, for customers including HCA Healthcare, Universal Health Services and Walmart Health.
According to the company, the ASH investment will allow BLOX to expand production capacity and improve supply logistics. It will also improve BLOX’s experience in software and technology.
“We love BLOX,” Andy Heyman, managing partner of ASH Ventures, said. “They are innovative, sustainably profitable, and trusted by their customers. Commercial construction is an $800 billion industry in the United States and ripe for disruption. We feel the moat built by BLOX represents a foundation for scalable growth and market share gains as far out as we can see.”