Modal Living

Growth Stage

Modern, modular backyard homes and offices

Analytics

Raised to Date: Raised: $212,177

Aggregate Commitments $

Platform

StartEngine

Start Date

10/26/2021

Close Date

04/26/2022

Min. Goal

$9,995

Max. Goal

$4,014,513

Min. Investment

$251

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$15,030,493

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

149

% of Min. Goal

2,123%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$6,430

Momentum
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Location

Salt Lake City, Utah

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Modal Living, with a valuation of $15 million, is raising funds on StartEngine. The company designs, builds, and installs modern and modular backyard homes and offices. The backyard homes and offices help owners maximize space and create more passive income. Modal Living reported a 1,200% growth in revenue from 2019 to 2020 and has signed contracts worth $6.5 million to date. Colin Jube and Dallin Jolley founded Modal Living in January 2019. The current crowdfunding campaign has a minimum target of $9,994.95 and a maximum target of $4,014,513. The campaign proceeds will be used to invest in sales, marketing, and product development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,465,042

$111,567

COGS

$2,019,701

$132,977

Tax

$0

$0

 

 

Net Income

$-2,859,850

$-1,706,622

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$774,369

$88,229

Accounts Receivable

$15,780

$0

Total Assets

$774,369

$101,576

Short-Term Debt

$2,715,114

$1,708,198

Long-Term Debt

$2,523,441

$0

Total Liabilities

$5,238,555

$1,708,198

Financials as of: 10/26/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Modal Living 04/26/2022 StartEngine $15,030,493 $212,177 Equity - Common Active RegCF
Modal Living 08/14/2021 SeedInvest $12,500,000 $884,898 Convertible Note Funded RegCF / RegD 506(c)
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Modal Living on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,030,493
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