Azure Printed Homes

Azure Printed Homes

Growth Stage

3D printed homes made from recycled materials—fast, affordable, and sustainable

3D printed homes made from recycled materials—fast, affordable, and sustainable

Overview

Raised to Date: Raised: $167,800

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/15/2022

Close Date

01/31/2023

Min. Goal
$50,000
Max. Goal
$4,400,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$25,000,000

Valuation Cap

$26,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/04/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,208

# of Investors

118

Momentum
Funded
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Year Founded

2022

Industry

Real Estate & Construction

Tech Sector

AutomationTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Culver City, California

Business Type

Growth

Company Website

Azure Printed Homes, with a valuation of $26 million, is raising funds on Wefunder. The company makes 3D-printed homes using recycled materials. The business is revolutionizing the construction industry by using recycled polymers and 3D printing to prefabricate modern backyard studios, ADUs, and homes faster and more affordably. Azure Printed Homes is automating and accelerating production to meet urgent housing demands. The business has generated over $3 million in revenue in the past 12 months and grown its pre-sales from $3.5 million in June 2022 to $19 million in October 2022. Ross Maguire and Yuri Eidelman founded Azure Printed Homes in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4.4 million. The campaign proceeds will be used for hiring, R&D, marketing, purchasing new equipment, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,474,284

$1,313,335

COGS

$2,736,647

$964,145

Tax

$0

$0

 

 

Net Income

$-226,698

$-395,082

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$48,606

$16,662

Accounts Receivable

$0

$18,765

Total Assets

$153,119

$35,427

Short-Term Debt

$451,447

$351,155

Long-Term Debt

$440,978

$196,880

Total Liabilities

$892,425

$548,035
Financials as of: 11/15/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Azure Printed Homes 06/29/2024 Wefunder $40,000,000 $115,401 SAFE Active RegCF
Azure Printed Homes 08/16/2023 Republic $32,000,000 $240,757 SAFE Funded RegCF
Azure Printed Homes 01/30/2023 Wefunder $26,000,000 $167,800 SAFE Funded RegCF
Azure Printed Homes 10/01/2022 Republic $24,000,000 $596,869 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Azure Printed Homes on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $26,000,000

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