Live BFF

Live BFF

Closed: Apr. 2024

About this raise

Live BFF, with a valuation of $50 million, is raising funds on Wefunder. The company uses an automated and robotic home-building process to drive down the cost of home ownership. Live BFF makes houses on an assembly line and delivers them to the desired location, providing affordable and sustainable access to homes for everybody. The company has begun the construction of the first studio home prototype and is working on the development of other homes. Justin Armendariz founded Live BFF in July 2023. 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 marketing, hiring, product development, purchasing land, and building a Live BFF residential development.

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Investment Overview

Not Funded: $43,850

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/20/2023
Close Date
04/26/2024
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$45,000,000

Valuation Cap

$50,000,000

Discount

10%

Company & Team

Company

Year Founded
2023
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Las Cruces, New Mexico
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Justin Armendariz
Title
CE

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$233,333
as of FY2022
 Runway
0.1 months
as of

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-177,225

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$20,663

$0

Accounts Receivable

$0

$0

Total Assets

$27,327

$0

Short-Term Debt

$204,552

$0

Long-Term Debt

$0

$0

Total Liabilities

$204,552

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/26/2024 Wefunder $50,000,000 $43,850 SAFE Not Funded RegCF
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Add to portfolio
Live BFF on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $50,000,000

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Follow Live BFF on Wefunder 2023

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Warning: according to the close date for this deal, Live BFF may no longer be accepting investments.

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