About this raise

Geoship, with a valuation of $45 million, is raising funds on Republic. The company designs healthy, affordable, and regenerative homes, connecting human communities with the natural world. Geoship is bringing a homebuilding revolution with its zero-carbon ceramic homes that are non-toxic, fireproof, natural calamities resistant, and recyclable. The business has a $40 million customer pipeline with deposits and a $2.4 billion pipeline without deposits. Bas Kools and Morgan Bierschenk founded Geoship in January 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4.4 million. The campaign proceeds will be used to develop a production-ready dome prototype, launch a village configurator for dome presales, and secure building permits for the first dome factory.

Expand

Investment Overview

Invested this round: $407,279

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
01/30/2023
Close Date
04/30/2023
Min. Goal
$25,000
Max Goal
$4,400,000
Min. Investment

$432

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$36,000,000

Valuation Cap

$45,000,000

Discount

0%

Company & Team

Company

Year Founded
2014
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Nevada City, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Bas Kools
Title
Creative re-Director
Founder Name
Morgan Bierschenk
Title
CEO

Financials

as of Fiscal Year 2021
 Revenue
$2,384
 Monthly Burn
$138,713
 Runway
0.3 months

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$2,384

$0

COGS

$1,603,553

$2,803,180

Tax

$0

$0

 

 

Net Income

$-1,664,552

$-2,822,598

Summary Balance Sheet

FY 2021 FY 2020

Cash

$40,707

$500,565

Accounts Receivable

$4,768

$0

Total Assets

$797,859

$1,162,375

Short-Term Debt

$332,648

$87,921

Long-Term Debt

$792,470

$768,087

Total Liabilities

$1,125,118

$856,008

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,041,235
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/16/2024 Wefunder $44,000,000 $7,327,559 SAFE Funded RegCF / RegD 506(c)
04/30/2023 Republic $45,000,000 $407,279 SAFE Funded RegCF
06/28/2022 StartEngine $54,309,193 $597,445 Equity - Common Funded RegCF
06/30/2020 StartEngine $8,996,400 $1,069,855 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

Add to portfolio
Geoship on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $45,000,000

Follow company

Follow Geoship on Republic 2023

Buy Geoship's Deal Report

Warning: according to the close date for this deal, Geoship may no longer be accepting investments.

Geoship Deal Report

Get Kingscrowd's comprehensive report on Geoship including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Geoship is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Geoship deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge