Geoship (2022)

About this raise

Geoship, with a valuation of $54.3 million, is raising funds on StartEngine. 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 over 30,000 interested customers, and 400 paid deposits and has already installed the first dome. Bas Kools and Morgan Bierschenk founded Geoship in 2015. The current crowdfunding campaign has a minimum target of $9,999.98 and a maximum target of $4,999,997.62. The campaign proceeds will be used to support pilot productions and product certifications.

Investment Overview

Invested this round: $597,445

Deal Terms
Company & Team

Total Commitments

Platform: StartEngine
Start Date: 12/28/2021
Close Date: 06/28/2022

Min. Goal
$10,000

Max Goal
$4,999,998

Min. Investment

$381

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF

Price Per Share

$2.54

Pre-Money Valuation

$54,309,193

Company

Year Founded: 2014
Industry: Real Estate & Construction
Tech Sector: Proptech
Distribution Model: B2B/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: Adam Bierschenk
Title: Engineering Director

Founder Name: Morgan Bierschenk
Title: CEO

Financials

Revenue: $0
Monthly Burn: $235,217
Runway: 2.1 months

View Detailed Financials

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$39,600
COGS	$0	$0
Tax	$0	$0


Net Income	$-2,822,598	$-61,548

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$500,565	$7,265
Accounts Receivable	$29,079	$0
Total Assets	$1,162,375	$9,475
Short-Term Debt	$87,921	$30,544
Long-Term Debt	$843,087	$173,691
Total Liabilities	$931,008	$204,235

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Ratings

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

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Revenue
Valuation
Price per Share
Employees

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

View on StartEngine

Common Stock, $54.3M • Closed

17 Following

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62 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

Geoship (2022)

Geoship (2022)

About this raise