Green Canopy NODE

Green Canopy NODE

Growth Stage

Innovating Construction Products to Build Homes Faster

Innovating Construction Products to Build Homes Faster

Overview

Raised to Date: Raised: $169,192

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/23/2022

Close Date

02/21/2023

Min. Goal
$9,937
Max. Goal
$1,234,985
Min. Investment

$464

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$92.87

Pre-Money Valuation

$45,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,901

# of Investors

64

Momentum
Funded
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Year Founded

2010

Industry

Real Estate & Construction

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Seattle, Washington

Business Type

Growth

Green Canopy NODE, with a valuation of $45 million, is raising funds on StartEngine. The company makes its key manufactured products for the construction industry. The products of Green Canopy NODE help developers build healthier and more sustainable homes faster. The company is vertically integrated for construction technology, real estate development, and fund management and has created an innovative ecosystem for all the services. Green Canopy NODE’s products are already in use and have been installed in residential communities in the Pacific Northwest. Bec Chapin, Aaron Fairchild, and Sam Lai founded Green Canopy NODE in February 2010. The current crowdfunding campaign has a minimum target of $9,937.09 and a maximum target of $1.23 million. The campaign proceeds will be used to launch the existing products to other builders and developers, grow the market service area, and help get more housing built faster.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$13,316,478

$24,853,800

COGS

$12,630,638

$26,343,806

Tax

$0

$0

 

 

Net Income

$-1,714,618

$-5,574,124

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,990,250

$1,043,183

Accounts Receivable

$3,774,799

$678,560

Total Assets

$10,237,826

$4,354,825

Short-Term Debt

$2,468,945

$7,578,914

Long-Term Debt

$803,247

$533,220

Total Liabilities

$3,272,192

$8,112,134

Financials as of: 11/23/2022
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Founder Profile

Green Canopy NODE Co-CEOs Aaron Fairchild and Bec Chapin on Advancing the Construction Industry

Last year, the human population reached 8 billion — and it’s still growing. With so many people competing for places to live, we need to rethink the housing industry as we know it — for the planet’s sake and for ours.



Green Canopy NODE is working to do just that. The company covers multiple corners of the industry, offering construction products, dealing in real estate development, and operating as a real estate fund management firm. We reached out to co-CEOs Aaron Fairchild and Bec Chapin to hear more about Green Canopy NODE’s defensibility and the team’s origins.



Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.


Read Founder Interview

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Green Canopy NODE on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $45,000,000
Price per Share: $92.87

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