Park Street Homes
About this raise
Park Street Homes, with a valuation of $20 million, is raising funds on StartEngine. It is a home-building company in Houston, Texas, that transforms spaces into affordable entry-level homes. Park Street Homes is expanding its reach through scaled production and development of affordable communities and aims to make affordable housing accessible to those who struggle with finding homes in America’s urban centers. The company generated $4 million in revenue in 2022 with its 20 custom-designed home plans and has eight development projects underway. Kevan Shelton and Ayesha Shelton founded Park Street Homes in October 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for land acquisition and development, company employment, and working capital.
Investment Overview
Invested : $241,997
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 09/18/2023
- Close Date
- 04/29/2024
$15,000
$1,235,000
$500
Equity - Common
Growth Stage
RegCF
$2.00
$20,000,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +10% YoY
-
$3,831,744
as of FY2022
- Monthly Burn
-
Profitable
as of FY2022
-
Cash on Hand
-
$120,000
as of FY2022
- Gross Margin
-
21%
as of FY2022
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2024 | StartEngine | $20,000,000 | $241,997 | Equity - Common | Funded | RegCF |