By San Francisco Business Times

Zeta Communities said today itâ¿¿s raised $5 million in venture capital from Black Coral Capital bringing its total funding to date to $10 million.

The San Francisco-based startup builds modular homes and buildings in its factory in Sacramento and it specializes in ⿿net zero energy⿝ structures: those can produce as much energy as they consume. Zeta aims to build precise structures that are easy to install, keep development costs low and avoid time and cost delays often associated with free-form building.

Zeta said it will use the money it raised to ramp up building of schools, public facilities, student housing and mixed-use buildings in addition to multifamily housing.

Zeta has 132 units of factory-built housing in its pipeline. Itâ¿¿s already built and sold a town home in Oakland and is partnering with developers to build tracts of affordable, green homes in Berkeley, Sacramento and elsewhere.

Its goal is to build 2,800 units in four factories by 2013.

Itâ¿¿s also developing software and controls that will track a homeâ¿¿s energy use.

Copyright 2010 American City Business Journals
Copyright 2010