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Security Type
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CAFES
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Categories
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Technology, Sustainability, Retail, Infrastructure, Financial Services
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Min Investment
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$250
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Offering Date
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May 19, 2023
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$4.60M
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No. Investors
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48
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Security Price
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$1
- Number of Employees
- 17
- Cash
- $59,225
- Revenue
- $3,977,272
- Short Term Debt
- $437,608
- Cost of Goods
- $3,223,046
- Long Term Debt
- $1,654,378
- Net Income
- $-818,193
Company Description
Azure is fundamentally changing the construction industry by leveraging 3D printing technology using recycled polymers to prefabricate modern backyard studios, ADUs and homes faster and more affordably than ever before.
Key Deal Facts
Revolutionizing the construction industry by 3D printing with recycled materials
$3M+ revenue in the past 12 months
70% faster and 30% less expensive than existing construction methods, with no negative environmental impact
Pre-sales have grown from $3.5 MM in June 2022 to $19MM in October 2022
Our 8,300 S.F. factory can produce three modules/day, generating $25M/yr
2021 revenue increased 265% over 2020
Management Team / Advisory Board Bios
Ross Maguire CEOMS Civil Engineering, 13 years experience in construction, design and project management // Founded and led his own residential & commercial construction company in the London, UK for 8 years, Ron Barnoy Head of GrowthAchieved pre-sales at Azure Printed Homes of over $19MM in 9 months without paid marketing. 10 yrs experience as a digital marketing executive helping grow Prodege/Swagbucks from startup to high-growth Silicon Beach success story., Anthea Tatum CFOAnthea has been with Azure since 2020, seeing company revenue double and doing all of the accounting and payroll by herself using automated processes. She has more than ten years of experience in construction accounting, Gene Eidelman CofounderBuilt a company in charter school business with $120MM revenue, 1800 employees, 50 locations on three continents-sold it to PE-backed competitor
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Business Idea
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Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.