Azure Printed Homes
3D printed homes made from recycled materials—fast, affordable, and sustainable
Overview
Raised: $167,800
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/16/2022
Close Date
01/31/2023
Min. Goal
$50,000
Max. Goal
$4,400,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$26,000,000
Discount Rate
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/01/2023
Days Remaining
Funded
% of Min. Goal
336%
% of Max. Goal
4%
Likelihood of Max
Funded
Avg. Daily Raise
$2,208
# of Investors
118
Momentum
Funded
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Location
Culver City, California
Industry
Real Estate & Construction
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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: 11/16/2022
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