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Azure Printed Homes isn't accepting new investments

Azure Printed Homes’ deadline was October 3, 2022

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Azure Printed Homes

3D printed homes made from recycled materials—fast, affordable, and sustainable
Immigrant Founders B2B Materials Sustainability Transportation & Construction Services 3D Printing
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$596,869
Raised
550
Investors
Successfully funded and closed on October 3, 2022.
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Closed on October 3, 2022. Information may not be up-to-date. Campaign closed on October 3, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Azure Printed Homes, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Azure Printed Homes Crowd SAFE Azure Printed Homes Transcript Video #4 .pdf Azure Printed Homes - Form C.pdf
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Hear from some of the 550 people reserved or invested in Azure Printed Homes


Show more

Highlights


10-24 employees
Company has 10-24 employees on payroll
$1M+ revenue
Company had over $1M in revenue in the past 12 months
  • Revolutionizing construction industry by 3D printing recycled materials
  • 70% faster and 30% less expensive than existing construction methods
  • Studios can be printed in one day, delivered & installed within a week
  • 2021 revenue increased 265% over 2020
  • Sales have grown by 175% from 3.5 MM to 9.6MM during June 2022
  • Our 14,000 S.F. factory can produce 3 studios/day, generating $19.5M/yr
  • Design and process are protected by patents

Problem


Traditional housing construction is slow and unsustainable

  • Housing shortage
    There is a global shortage of housing. The United States alone needs an estimated 5.24 million housing units, and that number has been growing.
  • Archaic building methods
    The construction industry relies upon outdated methods and materials, delivered by a labor force in increasingly short supply. Traditional solutions have been unsustainable.
  • Environmental impacts
    The construction sector is the largest global consumer of raw materials and is responsible for about 11% of the world's total carbon emissions. Building homes have far too much of a negative environmental impact.

Solution


3D printing entire structures using recycled plastic

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.


Azure homes will be printed in 70% less time, and will be 30% less expensive than traditional building methods—automating and accelerating production to meet urgent housing demands.

Fabrication will take place in the Azure factory, improving precision & quality. This controlled environment will allow Azure to deliver projects faster than have been currently possible.

The 3D manufacturing process and the additive material that are used will meet California and International Residential Codes.

Product


Azure printed homes

—
The Print Material

The primary component of our print material is recycled PETG, a polymer predominantly used for food and drink containers.
The print material produces several desirable properties such as insulation, printability, compressive & tensile strength, stiffness & impact resistance creating a durable and reliable structure.

—
The Structure

The unique structural & print design creates a complete structure that is monolithically printed – further enhancing the ultimate strength of the composition. Additionally, the geometric designs of the floor, walls, and roof have been optimized & tailored to simplify all subsequent finishings.

—
The Print

The self-supporting structure of each Azure module is printed in less than 24 hours. 

—
The Prefabrication

Our printed structures are completed with installations of: 

  • Doors and glass windows
  • Internal MEP (mechanical, electrical, and plumbing)
  • Interior flooring, wall and ceiling finishings
  • Bathrooms & Kitchen for ADUs and Homes

—
The Delivery

In advance of the scheduled delivery date, the site foundation and utilities are completed and ready to receive the delivery of single or multiple printed modules, which are installed & connected to live site utilities in less than 3 days.

Traction


Planning backyard studios
for 2022

Since 2019, we have invested over $1,000,000 into engineering and research to design a process for 3D printing homes using recycled materials. While designing the new method, we completed over 40 houses, ADUs, and backyard studios—increasing revenue by 195% from 2019 to 2020, and by 260% from 2020 to 2021. Since launching our website in early January 2022, we have received paid customer deposits for units valued at over $3,000,000.

We start with backyard studios, as their 120 sq ft size means that planning permission is generally not required. Avoiding potential bureaucratic red tape delays will allow us to produce & install at a fast pace.

As the first 3D printed structure printed from recycled materials, we've made (and continue to make) more than our fair share of headlines, appearing in over 100 publications in four languages. All publicity has been organic—no PR agency or paid placements.

Customers


Homeowners and homebuilders

Azure is a B2C & B2B2C business. We are selling Backyard Studios and ADUs directly to homeowners and investors & through marketplaces; while we sell homes to home builders & developers.

—

Business model


Strong unit economics

Our gross margins will be 30%. We will collect a small pre-order deposit, 50% of the purchase price upon receiving the order and the balance before the units are shipped.


Property owners will generally pay in cash or arrange their own funding; however, Azure also offers a finance program through a financial partner.

—
Unit Economics
Backyard Studio

Market


Why now

  • With more homeowners working from home during and after COVID, there is a high demand for backyard studios and ADUs.
  • New materials and faster 3D printers are unlocking new construction methods that are fundamentally changing the industry.
  • New government regulations are helping to facilitate faster permit approvals.

—
Market size & segments

  • Backyard Studios
    Sheds & Backyard Structures are a $6B industry. The ongoing pandemic and remote-work policies have accelerated the Working from Home (WFH) trend, increasing demand for backyard offices.
  • ADUs
    Low-cost, implementable approach to infill development. Suited to high-cost cities with little vacant land and abundance of low-density development. $1.8B business in California alone.
  • Housing
    Home builders in California alone needs to build 2.5M homes by 2030. There will be a substantial increase in demand for fast-to-build small homes.

Competition


How is Azure different from other 3D Printing companies?

None of our competitors have capitalized on the true benefit of 3D Printing: its efficiency and mass production.

Competitors are:

  • 3D printing panels and assembling conventionally; or

  • Erecting a printer on-site and printing exterior concrete walls vertically over a traditional slab.

Our design & process prints the floor, walls & roof in one layer. This means that the complete self-supporting shell for a studio unit is ready for the next stage of assembly in 12hrs from start to finish.

—


Vision and strategy


A better way to build

Azure Printed Homes is disrupting the construction industry by changing the way homes are built. We have a vision where construction projects are built quickly and more affordably while also repurposing existing building materials and cutting emissions instead of having to utilize new resources.

We are ready to take on partners to bring this idea to the next level: a starter production facility that can generate over $7 million* in revenue for the company in 2022, and approximately $20 million* in the following year, when the plant is fully operational. In the future years, we will open similar factories in other states growing Azure to become one of the major prefab manufacturers.

* Click here for important information regarding Financial Projections which are not guaranteed.

Impact


Addressing the construction industry's sustainability problem

The production of traditional construction materials such as concrete contributes to about 11% of the world's carbon dioxide (CO2) emissions.

Our printed material takes an abundant universal waste product, in plastic, and transforms it into a structurally-responsible polymer that we can 3D print.

We see this as a stepping stone toward a more fundamental use of recycled plastic and 3D printing in the home building industry.

Funding


Beginning as a bootstrapped startup

Azure Printed Homes has been completely self-funded to date with an internal investment of approximately $1,000,000.

Now we want to crowdsource this business, not just crowdfund it. Therefore, despite being told that we could raise at a much higher valuation, we chose to price this round conservatively under 6x our current revenue run rate. We chose this for two reasons. First, we want our earliest supporters to get a great deal so that you feel valued and are appropriately rewarded for believing in us.

The second is that our executive team has been around the block, and we've seen what happens when entrepreneurs over-value their companies—creating many problems down the line for future financings or exits. So we aim to set the stage for the best possible outcomes by pricing conservatively—for everyone involved.

We're staunch believers that companies should only raise money if they firmly committed to delivering a return for their investors. Of course, we can't predict the future, but our management team now works for YOU—and we will work tirelessly to get you the best return on your investment. We're raising on Republic because we want all our fans and early adopters also to have an opportunity to be investors and co-owners.

Founders


 Ross Maguire

MS 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

  Yuri Eidelman

35 years experience as a Licensed California General Contractor // Cofounded three start-ups in different industries, with exits through sale to private and public companies

Deal terms


Valuation cap

$24,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for Azure Printed Homes occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$250

The smallest investment amount that Azure Printed Homes is accepting.
Learn more

Maximum investment

$500,000

The largest investment amount that Azure Printed Homes is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Azure Printed Homes needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Nominee shall vote all such Securities and Conversion Securities consistently with the majority of the voting power of class of securities the Securities shadow

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Azure Printed Homes, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Azure Printed Homes Crowd SAFE Azure Printed Homes Transcript Video #4 .pdf Azure Printed Homes - Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Azure Printed Homes.
Invest
$1,000
Receive
  • 2% discount on 120 square feet Backyard Studio ($500 value)
Invest
$2,500
Receive
  • 3% discount on 180 square feet small Accessory Dwelling Unit ($1,200 value)
Invest
$5,000
Receive
  • 4% discount on 360 square feet small Accessory Dwelling Unit ($3,200 value)
Invest
$10,000
Receive
  • 5% discount on 720 square feet 1-Bed Accessory Dwelling Unit ($8,000 value)
Invest
$25,000
Receive
  • 6% discount on 900 square feet 2-Bed Accessory Dwelling Unit ($12,000 value)
  • Lunch with Azure CEO or Co-founder

About Azure Printed Homes

Legal Name
Azure Printed Homes, Inc.
Founded
Mar 2022
Form
Delaware Corporation
Employees
11
Website
azureprintedhomes.com
Social Media
Headquarters
Google Map location of of Azure Printed Homes
5701 Buckingham Parkway E , Culver City, CA
Headquarters
5701 Buckingham Parkway, E, Culver City, CA, United States 90230

Azure Printed Homes Team
Everyone helping build Azure Printed Homes, not limited to employees

Profile picture of Ross Maguire
Ross Maguire
Co-Founder & CEO
Profile picture of Yuri Eidelman
Yuri Eidelman
Co-Founder
Profile picture of Anthea Tatum
Anthea Tatum
Director of Finance
Profile picture of Gene Eidelman
Gene Eidelman
Head of Business Development
Profile picture of Ron Barnoy
Ron Barnoy
Head of Growth
Profile picture of Kyrstin Munson
Kyrstin Munson
Strategy Advisor
Profile picture of Tobias Duschl
Tobias Duschl
Operations Advisor
Profile picture of Steven Berggren
Steven Berggren
Production Advisor
Profile picture of Clemens Kownatzki
Clemens Kownatzki
Finance Advisor
6 more team members
Ross Maguire
Co-Founder & CEO
Yuri Eidelman
Co-Founder
Anthea Tatum
Director of Finance
Gene Eidelman
Head of Business Development
Ron Barnoy
Head of Growth
Kyrstin Munson
Strategy Advisor
Tobias Duschl
Operations Advisor
Steven Berggren
Production Advisor
Clemens Kownatzki
Finance Advisor

Press

Gene Eidelman: California Has a Shortage of Housing, and ...
Best Startup California
·
Sep 18, 2022

Gene Eidelman of Azure Printed Homes. Tell us about yourself? Gene Eidelman came to the US as a refugee from Ukraine over...

Sustainable Construction with 3D Printing, Azure Printed ...
AM Chronicle
·
Sep 10, 2022

In a Nutshell Founded in 2019, Azure Printed Homes is fundamentally changing the construction industry by leveraging 3D p...

Azure ramping up to 3D print homes with recycled plastic
Plastics News
·
Sep 7, 2022

Culver City, Calif.-based Azure Printed Homes Inc. will use additive manufacturing and recycled plastic to create tiny ho...

These tiny homes are 3D printed from 100,000 recycled pla...
Fast Company Fast Company
·
Sep 1, 2022

The startup Azure Printed Homes uses a range of recycled plastic to build 180-square-foot spaces that start at just $40,000.

A startup is using recycled plastic to 3D print prefab ti...
Business Insider
·
Aug 21, 2022

California-based Azure wants to turn your leftover plastic bottles and food packaging into 3D-printed prefab backyard stu...

LA Tech Week: 3D Printed Homes, Micromobility and the Met...
dot.LA
·
Aug 20, 2022

This is the web version of dot.LA's daily newsletter. Sign up to get the latest news on Southern California's tech, start...

101 California, United States Based 3D Printing Companies...
Best Startup California
·
Aug 1, 2022

At Best Startup California we track over 300,000 Californian startups and over 1,500,000 people who hold key positions in...

3D Printed Houses: A Closer Look at Completed Projects fr...
3Dnatives 3Dnatives
·
Jul 29, 2022

As you may know, 3D-printed houses being inaugurated and the additive manufacturing is becoming increasingly important in...

Ridgecrest OKs 3D-printed motel rooms made from recycled ...
The Bakersfield Californian
·
Jul 5, 2022

Lodging made mostly from recycled plastics is coming to Kern County. An extended-stay hotel in Ridgecrest won approval la...

Next Dimension Living
Argonaut News
·
Jun 16, 2022

First there were 3D printed prosthetics, machine parts and medical tools. Now, 3D printing is making its mark in real est...

Meet the Culver City Startup Looking to 3D-Print ADUs in ...
dot.LA
·
May 31, 2022

In the wake of the pandemic, remote work forced many people to convert their living and dining rooms into home offices, s...

Azure Signs 14-Home Deal, Puts Down Roots in Culver City ...
Los Angeles Business Journal
·
Feb 28, 2022

Culver City-based Azure Printed Homes is ramping up production, recently opening a factory in Culver City and having been...

The Latest in 3D-Printed Homes Uses Recycled Plastic Inst...
Bob Vila
·
Feb 26, 2022

Photo: Azure One of the biggest innovations in the housing market has been the introduction of 3D-printed homes, which bu...

WASP and Azure Printed Homes take strides in sustainable ...
3D Printing Industry
·
Feb 24, 2022

Construction 3D printing announcements have regularly made the headlines in recent months, from the commercialization of ...

Californian houses to be created out of recycled 3D print...
Global Construction Review
·
Feb 23, 2022

Ross Maguire, Azure's chief executive, said: "It's great to partner with Oasis Development in Ridgecrest, on a genuinely ...

Start-up company uses 3D printers to build backyard homes
Spectrumnews1 Spectrumnews1

CULVER CITY, Calif. - At first glance, Ross Maguire, CEO of Azure Printed Homes, is holding what looks like a piece of wh...

Recycled plastic to be 3D-printed for housing
Theconstructionindex

Azure Printed Homes It has been chosen by Oasis Development to create 14 prefabricated homes. Oasis is due to start site ...

'First community of 3D printed, recycled plastic homes' t...
Archinect

California-based Azure Printed Homes has announced intentions to construct 14 prefabricated 3D printed homes using recycl...

Show all
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Azure Printed Homes

Azure Printed Homes successfully raised $596,869 from 550 investors on October 3, 2022
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Martin, Malte, Alan, Adam, Leandro, and 545 others invested. 103 Reviews
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