ZenniHome

Transforming the $2T US housing market with robotic smart homes

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Categories
Technology, Financial Services, Retail, Consumer Goods & Products
Min Investment
$250
Location
PAGE, AZ
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$5.00M
No. Investors
2
Security Price
$7.11
Valuation
$75,000,000
Website
zennihome.com
Number of Employees
82
Cash
$228,118
Revenue
$0
Short Term Debt
$228,282
Cost of Goods
$0
Long Term Debt
$583,041
Net Income
$-3,061,256

Key Deal Facts

40k "soft orders" for ZenniHome units pre-launch, and 75% are B2B (soft orders ≠ actual orders)
CEO with 2 IPOs, sold SkyMall to Rupert Murdoch, and was named 1999 Entrepreneur of the Year by EY
Price point of ZenniHome models set to provide attainable housing and cost certainty for developers
Raised $6M in seed round led by Caliber, one of the nation's largest Opportunity Zone funds
Leadership team from SkyMall, PwC, IBM, Wells Fargo, Larry Miller Real Estate, and Autovol
ZenniHome units are 100% steel-framed and can be stacked five stories high over podium
Robotic furniture removes the need for fixed floor plans
ZenniHome units are designed to be 86% more efficient than typical resale homes

Management Team / Advisory Board Bios

Bob Worsley Founder, CEO, Chairman2 IPO’s, founder of SkyMall sold to Rupert Murdock, started ~12 companies around land, mineral, and renewable development. One of largest owners of fee land and fee mineral rights in the nation. Own and run 28MW biomass plant. Former AZ State Senator., Stephen James Cofounder, Board DirectorStephen is a proven architecture, urban planning & community design leader. His work won Best Smart Growth Community and Community of the Year honors at the 2011 Best of American Living Awards, sponsored by the National Association of Home Builders., Trevor Barger CROTrevor is a renowned urban planning & community design leader with decades of experience. Principal at Arizona Strategies, Arizona's premier land use strategy firm; faculty at ASU & Taliesin; & CEO of Espiritu Loci, a land use planning/urban design firm., Chris Loeffler Board Director Chairman, CEO & Co-Founder at Caliber, a fully integrated alternative asset management firm and OZ fund investor. Co-Founder at Qwick, a technology-driven staffing as a service company connecting food and beverage freelancers with meaningful work., Mindy Rex Board DirectorHelped found Autovol, the nation's newest and largest robotic factory building homes three years ago. Before that, Mindy was a structured finance expert for LIHTC housing at Wells Fargo., Connie Carras Board Director Former Partner at PwC and IBM, Connie has over 2 decades of experience in strategic development. She founded her own consulting firm and has helped clients globally build businesses in real estate, investments, financial services, and technology., Kenna Hettinger Marketing Operations Manager
Amount Raised : $11,472,898
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1 Comment

Thomas M, 6 months ago

Their webcasts are a joke! EVERY single one has video and audio issues. I don't understand why they can't be in an office like every other company. If they can't even do a webcast how are they going to build a business?