Rise Modular
- Company typePrivate
- Founded2019
- HeadquartersMinneapolis, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
Rise Modular firmographics
Firmographics- Name
- Rise Modular
- Legal name
- RISE Modular, LLC
- Website
- https://risemodular.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Rise Modular industry classification
Industry- Product category
- Modular Construction Manufacturing
- NAICS
- Residential Building Construction (23611), Nonresidential Building Construction (2362)
- SIC
- Prefabricated Wood Bldgs & Components (2452), Fabricated Structural Metal Products (3440)
- akta.pro primary industry
- Residential Modular & Prefabricated Home Construction (IMAFABAF)
- akta.pro secondary industry
- Modular/Offsite General Contracting & Installation (IMAFAAAK)
Keywords
Where Rise Modular is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Rise Modular business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Module Manufacturing and Sale: Design, manufacture, and sale of volumetric modular building units for multifamily and hospitality projects. RISE serves as module manufacturer, transporting and setting modules. Revenue generated through project-based contracts with developers and general contractors.
- General Contracting Services: Full-service general contracting for modular construction projects, including site assembly and installation management.
- Development Services: As master developer on certain projects (e.g., St. Michael, Miro/Glenwood), RISE develops, constructs, and manufactures modules, serving as owner. Integrated approach from development through certificate of occupancy.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for developers and general contractors |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Rise Modular product offering
Product offeringCore offering
Rise Modular designs, manufactures, and assembles six-sided volumetric building modules in a 150,000-square-foot climate-controlled factory in Owatonna, Minnesota, then transports and stacks them on-site to deliver finished multifamily apartment buildings and hotels. The company provides full-service modular construction, including development, preconstruction, manufacturing, transportation, and general contracting, with 75-90% of construction completed offsite for faster, more predictable delivery.
Product overview
Rise Modular is a full-service volumetric modular manufacturing and construction company offering development-driven modular solutions for multifamily and hospitality projects. Their core offering encompasses volumetric modular construction services where modules are manufactured up to 90% complete in their 150,000-square-foot climate-controlled facility in Owatonna, MN, then transported and assembled on-site. The product portfolio includes multifamily modular housing (market-rate, workforce, supportive, student, senior housing) and hospitality modular construction (hotels across various market segments). Key named projects include MOD42 Apartments (their first project in Minneapolis), Miro Apartments (largest modular development in Minneapolis), Oaks Pentagon Village (largest wood-frame modular building in Minnesota), Home2 Suites by Hilton (first modular hotel in Minnesota), Cambria Hotel O'Fallon (first Cambria in Missouri), and Dry Creek Apartments (largest modular project in Denver). The company also provides integrated services including development, design, preconstruction, manufacturing, transportation, and general contracting.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Build times reduced by 30-50% compared to traditional construction
- +7 more outcomes
Companies that use Rise Modular
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles4 records
Rise Modular technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Rise Modular partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core and minor.
- KoucarcoreDeveloper on Cambria Hotel O'Fallon, MO - 112-key property and first Cambria Hotel in Missouri. RISE completed guestroom module installation in 8 days. Koucar selected RISE for hospitality experience and quality alignment with Cambria brand.
- Blue Room HousingcoreDeveloper partner on Blue Room House One - 54-unit affordable housing development in Denver's Art District. Project uses repeatable volumetric modular with vision to replicate and improve model in future developments.
- SK2 ArchitecturecoreArchitect partner on Blue Room House One affordable housing project in Denver. Working with RISE to design repeatable modular prototype for affordable housing.
- MGA Architects and DesignerscoreArchitect of record on Cambria Hotel O'Fallon, MO. MGA works with RISE to ensure designs translate effectively into modular manufacturing process.
- Consolidated Investment GroupcoreDeveloper on Dry Creek Apartments - largest modular project in Denver area (326 units, 360,000 SF). Project designed for replicability with goal of applying model to future developments nationwide.
- Lowney ArchitecturecoreArchitect partner on Dry Creek Apartments in Centennial, CO. Design team focused on repeatable layouts and efficiency while addressing housing demand south of Denver.
- Mogul CapitalcoreDeveloper partner on The Loop Apartments - 185-unit workforce housing in Jackson Hole, WY. One of most complex modular projects in North America due to mountainous geography and logistics challenges.
- FFKR ArchitectscoreArchitect partner on The Loop Apartments workforce housing project. Design incorporates extended floor chassis decks, ceiling bump-outs, and mix of exterior finishes reflecting Rocky Mountain region aesthetic.
- Kinseth HospitalitycoreDeveloper and operator partner on Home2 Suites by Hilton in Owatonna - first modular hotel in Minnesota and RISE's first modular hotel project. Kinseth is an experienced hotel developer and operator with broad Hilton and Marriott portfolio.
- Runestone HospitalitycoreDeveloper partner on Holiday Inn Express Alexandria, MN - fourth IHG modular hotel in North America and first in Minnesota. Partnership demonstrates IHG's growing exploration of off-site construction.
- The Boldt CompanycoreGeneral contractor and architect of record partner on Lawrence University Student Housing. Boldt used large prefabricated steel-stud wall panels for museum/classroom levels while RISE provided volumetric modular housing. Third and fourth floors set within 7 days, saving approximately 8 months overall.
- Fredrick Fisher and PartnerscoreLead architect on Lawrence University Student Housing mixed-use building. FF&P designed the iconic structure featuring two rectangular structures stacked to represent a bridge between downtown Appleton and campus.
- Trout Museum of ArtcorePartner on Lawrence University Student Housing project. Museum commissioned new mixed-use building along western edge of campus in downtown Appleton, WI.
- Frerichs ConstructioncoreGeneral contractor partner on MPHA Family Housing Expansion Project (FHEP) - 16-building, 84-unit scattered-site development. Partnership included RISE as module manufacturer, Frerichs as GC, and DJR as architect.
- Solomon Real Estate GroupcoreCo-developer on Oaks Pentagon Village (formerly The Eddi) - 202-unit luxury multifamily in Edina, MN. Largest wood-frame modular project in Minnesota with 205 modules manufactured off-site.
- CuninghamcoreArchitect partner on Oaks Pentagon Village project. Design collaboration with RISE for six-story structure with five stories of modules over concrete podium.
- Granite City ManagementminorOnsite property management provider for The Dylan Apartments in St. Michael, MN. Located in St. Cloud, Minnesota.
- Interstate DevelopmentcoreDeveloper partner on Stinson Apartments in St. Anthony, MN. Interstate Development toured MOD42 and decided to use modular for their next project after seeing the quality and speed of construction.
- DJR ArchitecturecoreOngoing strategic partnership on multiple modular projects including MOD42 (first project), Stinson Apartments, MPHA Family Housing Expansion, Miro Apartments, and The Dylan Apartments. DJR serves as architect of record, working closely with RISE's integrated team to translate designs into modular manufacturing shop drawings.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Rise Modular competitors and assessment
Company assessmentDirect peers
- Plant Prefab: Prefab home builder using custom panelized and modular systems for multifamily and single-family projects. Most directly comparable peer given similar custom-designed, sustainability-focused approach and multifamily exposure.
- Guerdon Modular Buildings: Volumetric modular manufacturer producing multifamily apartments, hotels, and commercial buildings from large-scale factory. Closest direct competitor given multifamily and hospitality modular focus.
- NRB Inc. Modular building manufacturer producing commercial, multi-family, and hotel modules. Comparable as a regional modular manufacturer competing for similar multifamily/hospitality modular contracts.
- FullStack Modular: Volumetric modular construction company building mid- and high-rise multifamily hotels and student housing from a Brooklyn factory. Direct peer on larger-format mid-rise volumetric modular builds for multifamily and hospitality.
Emerging players
- Boxabl: Volumetric modular home manufacturer focused on foldable factory-built single-family homes. Comparable to Rise Modular as a direct volumetric modular manufacturer, though concentrated on single-family rather than multifamily/hospitality.
- Blokable: Volumetric modular housing developer focused on affordable and multifamily housing with vertically integrated development-to-delivery model. Comparable given affordable housing and integrated developer/manufacturer positioning.
- CoverOS: Prefab/modular construction technology and delivery company with multifamily focus. Comparable as a tech-enabled modular player in multifamily vertical.
Broad incumbents
- Modlogiq (formerly Prescient): Light-gauge steel panelized and modular provider for multifamily and hotels. Comparable as a full-service offsite manufacturer serving hospitality/multifamily end markets.
- ATCO Structures: Large modular construction manufacturer offering modular buildings across workforce housing, offices, schools, and hospitality. Comparable as a broad-based modular manufacturer with national footprint and repeat-build industrial model.
- WillScot: Public mobile/modular space-leasing platform. Overlapping in modular products but primarily temp/leased space rather than permanent multifamily/hospitality buildings; useful as a broad-incumbent benchmark on modular scale and execution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Rise Modular social profiles
Digital presenceRise Modular financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rise Modular leadership team
Management profileNumber of profiles
Rise Modular funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rise Modular M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rise Modular
What does Rise Modular do?
Rise Modular designs, manufactures, and assembles six-sided volumetric building modules in a 150,000-square-foot climate-controlled factory in Owatonna, Minnesota, then transports and stacks them on-site to deliver finished multifamily apartment buildings and hotels. The company provides full-service modular construction, including development, preconstruction, manufacturing, transportation, and general contracting, with 75-90% of construction completed offsite for faster, more predictable delivery.
Is Rise Modular a public or private company?
Rise Modular is a private company. It is classified as unknown and is currently operating.
When was Rise Modular founded?
Rise Modular was founded in 2019. It employs 51 to 100 people.
Where is Rise Modular based?
Rise Modular is headquartered in Minneapolis, United States, in the North America region.
How does Rise Modular make money?
Three revenue lines are on record. Module Manufacturing and Sale is the primary driver. The others are general Contracting Services and development Services.
Who are Rise Modular's main competitors?
Direct peers on record are Plant Prefab, Guerdon Modular Buildings, NRB Inc. and FullStack Modular. Emerging players are Boxabl, Blokable and CoverOS. Broad incumbents are Modlogiq (formerly Prescient), ATCO Structures and WillScot.
Does Rise Modular have an API?
No public API is recorded for Rise Modular.
What industry is Rise Modular in?
Rise Modular's product category is Modular Construction Manufacturing. Its primary akta.pro industry code is IMAFABAF, Residential Modular & Prefabricated Home Construction, with a secondary code of IMAFAAAK, Modular/Offsite General Contracting & Installation. Its NAICS code is 23611 and its SIC code is 2452.