Lowenstein represented Assembly OSM, a modular construction startup that has compared its process to putting together Ikea furniture, in its $38 million Series A fund raise.

The startup has now raised more than $60 million. Fifth Wall’s climate tech fund and Bessemer Venture Partners’ Rob Stavis led the latest round, with participation from the Jefferies Group, Manta Ray Ventures, FJ Labs, RSE, Signia, Gaingels, New Vista Capital, Tectonic, Atento, Etan Fraser and Moving Capital.

Assembly OSM was founded in 2019 by twin brothers Bill and Chris Sharples, principals of Manhattan-based SHoP Architects. Assembly calls its construction method “post-modular” because it is more akin to a car or aircraft assembly line than a traditional modular build-out, where the structure is put together on a single factory floor.

The deal team included Anthony O. Pergola, Chandra K. Shih, Doreen M. Edelman, Julie Levinson Werner, Samantha Fox, Laura Cicirelli, Chelmie Ulysse, Kelsey Repka, Eric DiFiore, Abbey E. Baker, and Eric Sands.

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