Geoship

Geoship

Early Stage

Regenerative Architecture

Regenerative Architecture

Overview

Raised to Date: Raised: $407,279

Total Commitments ($USD)

Platform

Republic

Start Date

01/29/2023

Close Date

04/30/2023

Min. Goal
$25,000
Max. Goal
$4,400,000
Min. Investment

$432

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$36,000,000

Valuation Cap

$45,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

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

$4,525

# of Investors

628

Momentum
Funded
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Year Founded

2014

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Nevada City, California

Business Type

Growth

Geoship, with a valuation of $45 million, is raising funds on Republic. The company designs healthy, affordable, and regenerative homes, connecting human communities with the natural world. Geoship is bringing a homebuilding revolution with its zero-carbon ceramic homes that are non-toxic, fireproof, natural calamities resistant, and recyclable. The business has a $40 million customer pipeline with deposits and a $2.4 billion pipeline without deposits. Bas Kools and Morgan Bierschenk founded Geoship in January 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4.4 million. The campaign proceeds will be used to develop a production-ready dome prototype, launch a village configurator for dome presales, and secure building permits for the first dome factory.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$2,384

$0

COGS

$1,603,553

$2,803,180

Tax

$0

$0

 

 

Net Income

$-1,664,552

$-2,822,598

Summary Balance Sheet

FY 2021 FY 2020

Cash

$40,707

$500,565

Accounts Receivable

$4,768

$0

Total Assets

$797,859

$1,162,375

Short-Term Debt

$332,648

$87,921

Long-Term Debt

$792,470

$768,087

Total Liabilities

$1,125,118

$856,008

Financials as of: 01/29/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Geoship 04/29/2023 Republic $45,000,000 $407,279 SAFE Funded RegCF
Geoship 06/27/2022 StartEngine $54,309,193 $597,445 Equity - Common Funded RegCF
Geoship 06/29/2020 StartEngine $8,996,400 $1,069,855 Equity - Common Funded RegCF
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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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Geoship on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $45,000,000

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