Green Canopy NODE

Green Canopy NODE

Closed: Feb. 2023

About this raise

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.

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Investment Overview

Invested this round: $169,192

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
11/24/2022
Close Date
02/21/2023
Min. Goal
$9,937
Max Goal
$1,234,985
Min. Investment

$464

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$92.87

Pre-Money Valuation

$45,000,000

Company & Team

Company

Year Founded
2010
Industry
Real Estate & Construction
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Seattle, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
45
Prior Founder Exits?
No
Founder Name
Bec Chapin
Title
Co-CEO
Founder Name
Samuel Lai
Title
Chief Development Officer

Financials

 Revenue -46% YoY
$13,316,478
 Monthly Burn
$142,885
 Runway
24+ months
 Gross Margin
5%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$14,934,924
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/21/2023 StartEngine $45,000,000 $169,192 Equity - Preferred Funded RegCF
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Founder Interview

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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Add to portfolio
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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Warning: according to the close date for this deal, Green Canopy NODE may no longer be accepting investments.

Green Canopy NODE Deal Report

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