Geoship

Geoship, with a valuation of $44 million, is raising funds on Wefunder. 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 is led by an experienced team and has a $95 million customer pipeline with deposits. Morgan Bierschenk and Bastiaan Kools founded Geoship in January 2014. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5 million. The campaign proceeds will be used for product development, regulatory expenses and testing, marketing, and pilot production.

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Investment Overview

Raised this Round: Raised: $1,356,017

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/17/2024
Close Date
12/16/2024
Min. Goal
$100,000
Max. Goal
$5,000,000
Min. Investment

$222

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$33,000,000

Valuation Cap

$44,000,000

Discount

15%

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
Life Style
Company Website
Visit Website

Team

Employees
16
Prior Founder Exits?
No
Founder Name
Bas Kools
Title
Creative re-Director
Founder Name
Morgan Bierschenk
Title
CEO

Financials

as of August 31, 2024
 Revenue
$0
 Monthly Burn
$175,000
 Runway
6.6 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$105,863

$46,865

Accounts Receivable

$0

$4,768

Total Assets

$1,640,617

$599,882

Short-Term Debt

$741,109

$574,402

Long-Term Debt

$1,510,890

$0

Total Liabilities

$2,251,999

$574,402

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,671,205
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/16/2024 Wefunder $44,000,000 $1,356,017 SAFE Active RegCF
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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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 Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $44,000,000

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Follow Geoship on Wefunder 2024

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