HydroBlok, an innovator in lightweight and 100% waterproof construction panels for interior and exterior applications, announced it has secured $6 million in an extended Series A round led by Pier 88 Investment Partners and Andina Capital Partners, the captive investment arm of the Utah-based Andina multi-family office.
Even though high-tech innovation is transforming nearly every facet of our lives, the materials that make up almost 80% of your home, gypsum board and OSB, have remained virtually unchanged for decades. As part of its disruptive and innovative mission, HydroBlok has eliminated antiquated building materials by offering a lightweight, waterproof, mold-proof board that replaces traditional drywall and sheathing materials with a high-performance composite.
Based on early feedback and internal tests, HydroBlok demonstrated the ability to reduce material and labor costs by up to 30% and accelerate build times by as much as 50%, primarily by eliminating redundant layers and supplemental insulation capabilities that are already built into every HydroBlok board.
How the funding will be used: The funding will accelerate HydroBlok’s manufacturing expansion in the US, nationwide distribution, and R&D for next-generation products.
KEY QUOTES:
“In all my years in business, I’ve never witnessed a response quite like this. Seeing builders light up when they grasp the time and cost savings of HydroBlok One is incredibly rewarding. The rapid traction and growing momentum confirm just how disruptive this innovation truly is.”
“We are thrilled to partner with experienced funding groups like Pier 88 and Andina Capital Partners. Their strategic insight and deep market knowledge will be invaluable as we scale to meet accelerating demand.”
Colin House, CEO & Co-Founder, HydroBlok
“The Pier 88 team is excited about the compelling growth opportunities we see in HydroBlok’s next generation building products. HydroBlok’s technology lead and seasoned executive team position the company to truly revolutionize the construction industry.”
Mitch McCullough, President and GP of Pier 88 Investment Ventures
