Apis Cor

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $2,250,703

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/29/2022
Close Date
09/28/2023
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$133,555,405

Company & Team

Company

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
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Anna Chen-iun-tai
Title
CEO
Founder Name
Nikita Chen-iun-tai
Title
CTO

Financials

as of Fiscal Year 2022
 Revenue
$223,750
 Monthly Burn
$128,243
 Runway
3.8 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$54,849

$223,750

COGS

$0

$182,900

Tax

$0

$0

 

 

Net Income

$-1,538,912

$-1,174,192

Summary Balance Sheet

FY 2022 FY 2021

Cash

$480,985

$65,514

Accounts Receivable

$747

$37,525

Total Assets

$1,648,356

$718,477

Short-Term Debt

$260,175

$335,179

Long-Term Debt

$226,494

$2,041,951

Total Liabilities

$486,669

$2,377,130

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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.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,243,927
Grants
$213,677
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/07/2025 StartEngine $200,996,449 $770,743 Equity - Common Active RegCF
09/28/2023 StartEngine $133,555,405 $2,250,703 Equity - Common Funded RegCF
02/04/2022 Rialto Markets $100,749,525 - Equity - Common Funded RegA+
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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.

Employee History

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Apis Cor on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $133,555,405
Price per Share: $1.00

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Follow Apis Cor on StartEngine 2022

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