Apis Cor (2023)
About this raise
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.
Investment Overview
Invested : $2,250,703
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 09/29/2022
- Close Date
- 09/28/2023
$10,000
$5,000,000
$250
Equity - Common
Growth Stage
RegCF
$1.00
$133,555,405
Company & Team
Company
- Year Founded
- 2019
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
-
$223,750
as of FY2022
- Monthly Burn
-
$128,243
as of FY2022
-
Runway
-
3.8 months
as of FY2022
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Analyst Report
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.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,243,927
- Grants
- $213,677
- VC Backed?
- Yes
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.