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Sep 17, 2025 12:00 PM

Samara Announces $34 Million Series B to Accelerate Housing Production

REDWOOD CITY, Calif., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Today, Samara announced a $34 million Series B funding round led by Thrive Capital. This comes on the heels of Samara securing over $100 million in project value across the state of California over the last 12 months. The company, known for designing, building, installing, and financing accessory dwelling units (ADUs), also announced it had opened a second state-of-the-art manufacturing facility to meet rising demand.

"Our success over the past year underscores the urgent need for more housing options in California," said Mike McNamara, co-founder and CEO of Samara. "Propelled by state legislation that makes it easier to add new housing units, we're scaling our operations to deliver high-quality solutions for not just homeowners, but also multifamily property owners, an increasingly important audience for us. ...