Modal Living

Modal Living

Growth Stage

Modern, modular backyard homes and offices

Modern, modular backyard homes and offices

Overview

Raised to Date: Raised: $383,311

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/25/2021

Close Date

04/26/2022

Min. Goal
$9,995
Max. Goal
$4,014,513
Min. Investment

$251

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.35

Pre-Money Valuation

$15,030,493

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,106

# of Investors

374

Momentum
Funded
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Year Founded

2019

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Salt Lake City, Utah

Business Type

Growth

Company Website

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: 10/25/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Modal Living 04/25/2022 StartEngine $15,030,493 $383,311 Equity - Common Funded RegCF
Modal Living 08/13/2021 SeedInvest $12,500,000 $884,898 Convertible Note Funded RegCF / RegD 506(c)
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Modal Living on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,030,493
Price per Share: $8.35

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