Blokable

Blokable

Growth Stage

Revolutionizing Housing Development

Revolutionizing Housing Development

Overview

Raised to Date: Raised: $2,070

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/30/2023

Close Date

06/10/2023

Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$125,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

06/09/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$29

# of Investors

1

Momentum
Not Funded
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Year Founded

2020

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

SACRAMENTO, California

Business Type

Growth

Blokable, with a valuation of $125 million, is raising funds on StartEngine. The company is reinventing housing creation using modular development and related manufacturing efforts. The business is making multifamily housing affordable and high-quality using its state-of-the-art building system and engineering techniques. Blokable is entering into a lease to build a housing facility in Northern California that will be operational by late 2023. Nelson Del Rio founded Blokable in December 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for factory and facility-related expenses, research and development, real estate pursuits, and salaries.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$765

$44,937

COGS

$2,153

$50,477

Tax

$0

$0

 

 

Net Income

$-4,948,607

$-5,454,445

Summary Balance Sheet

FY 2022 FY 2021

Cash

$357,137

$2,386,107

Accounts Receivable

$0

$0

Total Assets

$826,125

$3,018,413

Short-Term Debt

$1,333,333

$1,333,333

Long-Term Debt

$4,879,807

$1,989,857

Total Liabilities

$6,213,140

$3,323,190

Financials as of: 03/30/2023
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Blokable on StartEngine 2023
Platform: StartEngine
Security Type: Convertible Note
Valuation: $125,000,000

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