Company Updates

Azure Printed Homes Company Update

In this company update, we look at Azure Printed Homes’ new crowdfunding round on Wefunder at a $40M valuation, reflecting on the company's improving margins and other important milestones.

Funding Round Details

Azure Printed Homes logo
Company: Azure Printed Homes
Security Type: SAFE
Valuation: $40,000,000
Min Investment: $100
Platform: Wefunder
Deadline: Jun 30, 2024
$4,600,000
View Deal
  • Azure Printed Homes has opened a new round on Wefunder at a valuation of $40M, up 25% from its previous crowdfunding round of $32M.
  • Since this is not a priced round, no previous SAFEs are converting
  • Since the last crowdfunding raise, the company has increased revenue by just 7.5%, to $4.3M in 2023 from $4M in 2022. For an early stage startup, this is far less than the 50% minimum growth we’d expect to see from a growth stage startup.  
  • During this same time period, the company increased its net loss by 47% to -$1.2M in 2023 from -$818,193 in 2022. 
  • However, the company has seen a remarkable increase in its gross margins, up to 61.5% margins in 2023 from 19% in 2022. Given the high capital/material intensity required for 3D-homes, this kind of margin growth is amazing to see and bodes very well for the company moving forward. 
  • In terms of run rate, the company is currently averaging $350,000 in revenue per month. This implies a 12-month run rate of $4.2M in revenue, which would be essentially the same amount of revenue as 2023. 
  • Of course, the company could expand and grow quicker in the coming months, so this run rate calculation is just a rough guidance. 
  • Azure’s previous crowdfunding round ended January 2023. Since then, the company has achieved the following milestones:
    • Achieved ANSI Certification
    • Filed International patent
    • Completed & commissioned first Azure printer in LA
    • Raised $4M+ in Seed funding
    • Printed & delivered first units in California
    • Opened Azure HQ with 3 printers

Teddy Lyons
About: Teddy Lyons

Teddy comes to KingsCrowd with a background in venture capital and investment banking. He worked at Deutsche Bank as an Investment Banking Analyst in the Technology, Media, and Telecommunications group. Prior to that, he served as an Associate at Alchemi Capital, a venture capital firm in Boston that invests in early-stage technology companies. Teddy holds a degree in Economics and Psychology from Wesleyan University, where he was captain of the varsity soccer team. He also holds a M.S. in Finance from Boston College.


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