Rize Modular

Rize Modular

Closed: Nov. 2022

About this raise

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.

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Investment Overview

Not Funded: $12,888

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
08/31/2022
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
Yes
Founder Name
Greg Welch
Title
Chief Executive Officer

Financials

 Revenue
$0
 Monthly Burn
$4,879
 Runway
1 months

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

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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
11/16/2022 StartEngine $99,980,400 $12,888 Equity - Common Not Funded RegCF
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Add to portfolio
Rize Modular on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $99,980,400
Price per Share: $6.76

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Follow Rize Modular on StartEngine 2022

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

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