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
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.

Recent Posts

Spotlight: How AAPI Founders Impact Online Private Markets

Celebrate AAPI Heritage Month with a look at the achievements of AAPI founders in the equity and debt crowdfunding sectors since January 2023, highlighting their significant financial contributions and leadership.

Olivia Strobl
Olivia Strobl May 20, 2024
Industry Analysis
Spotlight: How AAPI Founders Impact Online Private Markets

Exploring the Impact of Age Differences Among Co-Founders

Dive into our analysis of the age ranges between co-founders in equity crowdfunding, revealing how diverse age gaps can influence startup dynamics and success.

Léa Bouhelier-Gautreau
Léa Bouhelier-Gautreau May 13, 2024
Industry Analysis
Exploring the Impact of Age Differences Among Co-Founders

Diversifying Real Estate: Dutch Mendenhall’s Investment Strategies

Tune into Inside Startup Investing for an insightful conversation with Dutch Mendenhall, CEO of RAD Diversified, as he discusses building a real estate empire and democratizing property investment through innovative platforms.

May 10, 2024
Diversifying Real Estate: Dutch Mendenhall’s Investment Strategies

Give your startup investing an edge by creating a free KingsCrowd account and getting started today.

Get a free weekly Pitch Review!

Sign up for our 3 minute newsletter with fresh takes on the top-rated investments and key startup trends you should know.

We care about the protection of your data. Read our Privacy Policy.