Rize Modular
Growth Stage
An end-to-end, offsite building solution
Overview
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
Price Per Share
$6.76
Pre-Money Valuation
$99,980,400
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/29/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$167
# of Investors
24
Momentum
Not Funded
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Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
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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