Rize Modular

Rize Modular

Growth Stage

An end-to-end, offsite building solution

An end-to-end, offsite building solution

Overview

Raised this Round: Raised: $12,888

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/30/2022

Close Date

11/16/2022

Min. Goal
$9,998
Max. Goal
$1,070,000
Min. Investment

$243

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.76

Pre-Money Valuation

$99,980,400

Year Founded

2019

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Sacramento, California

Business Type

High Growth

Rize Modular, with a valuation of $100 million, is raising funds on StartEngine. It is an offsite construction company that uses technology to design, build, and deliver affordable housing structures. The platform helps to lower construction costs and minimize the environmental impact with its advanced building process. Rize Modular is led by an experienced team and has a pipeline of over 20 projects with $500 million build revenue in opportunities. Greg Welch founded Rize Modular in April 2019. The current crowdfunding campaign has a minimum target of $9,998.04 and a maximum target of $1,069,999.84. The campaign proceeds will be used to begin production on its robotics in partnership with the House of Design.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-58,553

$-16,088

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,000

$5,000

Accounts Receivable

$0

$0

Total Assets

$5,000

$5,000

Short-Term Debt

$77,941

$19,388

Long-Term Debt

$0

$0

Total Liabilities

$77,941

$19,388

Financials as of: 08/30/2022
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Rize Modular on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $99,980,400
Price per Share: $6.76

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