Apis Cor

Overview

Raised to Date: Raised: $833,421

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/29/2022

Close Date

04/27/2023

Min. Goal

$10,000

Max. Goal

$5,000,000

Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    

Price Per Share

$1.00

Pre-Money Valuation

$133,555,405

Venture Capital Investors:

One Ventures

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

31

% of Min. Goal

8,334%

% of Max. Goal

17%

Likelihood of Max

Avg. Daily Raise

$4,656

# of Investors

703

Momentum

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Apis Cor

Year Founded

2019

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Melbourne, Florida

Business Type

Growth

Company Website

Apis Cor, with a valuation of $134 million, is raising funds on StartEngine. It is a robotics technology design and manufacturing company that uses the technology to 3D-print full-scale houses. The company aims to provide structural 3D printing robotics to developers and homebuilders to reduce the cost of building. Apis Cor began its journey with a tiny home in snowy tundra and grew to make the world’s largest 3D printed office in a desert metropolis. Nikita and Anna Cheniuntai founded Apis Cor in 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for 3D-printing more houses, introducing cement-free concretes, and expanding to more 3D printers and construction in space.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$223,750	$0
COGS	$182,900	$0
Tax	$0	$0
Net Income	$-1,174,192	$-484,509

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$65,514	$61,755
Accounts Receivable	$37,525	$0
Total Assets	$718,477	$213,167
Short-Term Debt	$335,179	$250,031
Long-Term Debt	$2,041,951	$447,545
Total Liabilities	$2,377,130	$697,576

Financials as of: 09/29/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Apis Cor	04/27/2023	StartEngine	$133,555,405	$833,421	Equity - Common	Active	RegCF
Apis Cor	02/04/2022	Rialto Markets	$100,749,525	$0	Equity - Common	Funded	RegA+

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Apis Cor is launching a 3D printing robot capable of building the walls for up to three house floors.

I would love to brag to friends that a robot built my house. But, aside from the novelty factor, what I really like is that Apis Cor can reduce total construction costs by up to 30% (according to the company), diminish waste, and significantly reduce construction time. Apis Cor’s robot is not only very cool, but it can also help increase US housing capacity — and, critically, it can do so at more affordable prices.

Apis Cor’s timing is perfect. The global 3D printing construction market is just gearing up for takeoff.

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