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Security Type
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Common Stock
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Categories
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Technology
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Min Investment
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$243
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Expected Close Date
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November 29, 2022
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Target Raise
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$10.00K-$1.07M
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No. Investors
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25
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Security Price
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$6.76
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Valuation
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$100,000,000
- Number of Employees
- 10
- Cash
- $5,000
- Revenue
- $0
- Short Term Debt
- $77,941
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-58,553
Company Description
Rize Modular is an environmental conscience and technology-based offsite construction company creating an end-to-end platform to design, build and deliver modular multi-family, affordable housing structures at scale. Our mission is “affordable housing for all.” At RIZE, we want to use technology and an advanced build process to lower the construction cost while minimizing the environmental impact. With two projects in development and a robust pipeline on the way - we feel we are on the way to entering the market from a very strong position to do just that.
Perks
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$243+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
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Friends & Family
First 72 Hours | 15% Bonus Shares
2
days
11
hours
58
mins
30
secs
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$1,000+ Investment
Tier 1 - 5% Bonus Shares
$1,000 | 5% Bonus Shares
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$5,000+ Investment
Tier 2 - 10% Bonus Shares
$5,000 | 10% Bonus Shares
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$10,000+ Investment
Tier 3 - 15% Bonus Shares
$10,000 | 15% Bonus Shares
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$20,000+ Investment
Tier 4 - 20% Bonus Shares
$20,000 | 20% Bonus Shares
Key Deal Facts
We believe we are among the first to utilize offsite, factory-based manufacturing to develop an end-to-end, proprietary build platform to help solve the shortage of 3.5 Million units of affordable housing in California - from design, to build and to deliver. As a result, our customers save between 50-70% on construction waste and a faster time to revenue by reducing the total project timing by 20-50% (12 to 18 months) (source). We are targeting the $4.6 Trillion housing industry through innovation and infusion of technology (source, source).
Rize has a very robust non-binding pipeline of over 20 projects and opportunities that total $500M in build revenue. We are raising this capital to start building these projects.
The Rize Senior Leadership team brings a combined experience of over 100 years in volumetric modular construction, which we feel helped to forge and disrupt all segments of offsite construction.
Management Team / Advisory Board Bios
Michael McCaffrey
Chief Financial Officer
Mike is the RIZE Chief Financial Officer. He is a finance professional with 15+ years of experience in treasury, finance, operations, investment banking, capital markets, business development, and strategic planning.
Proven ability to leverage professional experience and act as a business partner to help drive corporate vision, strategy and growth. Global experiences and education have provided strong interpersonal and communication skills, work ethic, integrity, team building and collaborative skills.
Specialties: Corporate Finance, Relationship Management, Financial Planning & Analysis, Business Development, Strategy & Planning, Operational Excellence, Negotiation