HiberTec Homes
Early Stage
The world's first truly wildfire-proof homes
Overview
Raised: $89,975
Total Commitments ($USD)
Platform
Republic
Start Date
10/16/2023
Close Date
01/12/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,034
# of Investors
69
Momentum
Funded
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Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
HiberTec Homes, with a valuation of $15 million, is raising funds on Republic. The company makes truly wildfire-proof homes using its patented technology. HiberTec Homes uses an innovative design and process to create modular homes that can lower underground automatically when wildfire threats arise. The business offers an exclusive solution with very limited competition and has strategic partnerships with major government entities and homebuilders. Holden Forrest founded HiberTec Homes in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for land acquisition, land development, product development, marketing, and general working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-63,956 |
$-28,455 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,302 |
$3,188 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,302 |
$3,188 |
|
Short-Term Debt |
$75,674 |
$13,605 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$75,674 |
$13,605 |
Financials as of: 10/16/2023
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