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Azure Printed Homes isn't accepting new investments

Azure Printed Homes’ deadline was August 18, 2023

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Azure Printed Homes

3D printed homes made from recycled materials—fast, affordable, and sustainable
B2B Immigrant Founders Reduce, Reuse, Recycle Materials Transportation & Construction Services B2C Sustainability 3D Printing Robotics
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$240,757
Raised
298
Investors
Successfully funded and closed on August 18, 2023.
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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 Form C Amendment.pdf Azure Printed Homes Form C.pdf
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Hear from some of the 298 investors in Azure Printed Homes


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Highlights


  • Revolutionizing construction industry by 3D printing recycled materials
  • 70% faster and 30% less expensive than alternative construction methods
  • Studios are printed in one day, delivered & installed within a week
  • More efficient & sustainable than other 3D printing construction technology
  • $5.2MM in signed Purchase Orders and $22.1MM in Pre-Orders
  • Delivery of first Azure Studios began in May 2023
  • Previous Republic raise of $598k helped fund the first production line

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    The construction industry relies upon outdated methods and materials, delivered by a labor force in increasingly short supply.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 are printed in 70% less time, and are 30% less expensive than alternative building methods—automating and accelerating production to meet urgent housing demands.

Fabrication takes place in the Azure factory, improving precision & quality. The controlled environment allows Azure to deliver projects faster than have been previously possible.

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

Product


Innovative construction: Fast, durable, & sustainable

—
The Print Material

The primary component of our print material is recycled polymer, a material predominantly used for food and drink containers.

The print material produces several desirable properties such as insulation, water resistance, printability, 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. Modules are delivered on a flatbed truck, craned or forklifted onto the foundation & connected to live site utilities.

Traction


40+ units built to date

Focused on scalable ADU construction in 2023

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 pre-order deposits for units valued at over $25,000,000.

We start with backyard studios, as their 120 sq ft size means that, in general, planning permission 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


Developers, Housing Authorities and Homeowners 

Azure is a B2B business and B2C business. We are selling Backyard Studios and ADUs directly to homeowners, investors & glamping resorts; while we sell homes to developers and housing authorities.

—

Business model


Strong unit economics

Our gross margins are 35%. We collect a small pre-order deposit, 10% of the purchase price upon receiving the order, and the balance before the units are shipped.

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

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.

The Azure Printed Home moves beyond existing printing options in the construction industry, by enhancing:

  • Sustainability - print material and through product life
  •  Material design efficiency - structural, waterproofing, light-weight & transportable
  • Production speed - full module shell print, unaffected by weather conditions
  • Production cost - efficiency of inclusive roof and floor print 
  • Regulatory Approval - 3rd Party factory home approval avoids local approval for every new install

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 one day 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 generated $4 million* in revenue for the company in 2022, and projecting approximately $20 million* in 2023, 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.

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

$32,000,000

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

$100,000

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

Funding goal

$4.16M

Azure Printed Homes must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $4.16M.
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

Chief Executive Officer of the Company (currently Ross Macguire)

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 Form C Amendment.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
  • $200 discount on purchase of any units from Azure Printed Homes
1 investor
Invest
$2,500
Receive
  • $500 discount on purchase of Marina, Coral, Ocean or Sapphire units
  • Sold out (0 left of 1)
1 investor
Invest
$5,000
Receive
  • $1000 discount on purchase of Coral, Ocean or Sapphire units
  • Sold out (0 left of 1)
Invest
$25,000
Receive
  • $5000 discount on purchase of Ocean or Sapphire units
  • Limited (1 left of 1)
1 investor
Invest
$50,000
Receive
  • $10,000 discount on purchase of Sapphire Unit
  • Sold out (0 left of 1)

About Azure Printed Homes

Legal Name
Azure Printed Homes, Inc.
Founded
Mar 2022
Form
Delaware Corporation
Employees
15
Website
azureprintedhomes.com
Social Media
Headquarters
Google Map location of of Azure Printed Homes
5701 Buckingham Parkway Suite E , Culver City, CA
Headquarters
5701 Buckingham Parkway, Suite 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 Gene Eidelman
Gene Eidelman
Co-Founder & Head of Business Development
Profile picture of Anthea Tatum
Anthea Tatum
Director of Finance
Profile picture of Ravi Gupta
Ravi Gupta
Director of Engineering
2 more team members
Ross Maguire
Co-Founder & CEO
Yuri Eidelman
Co-Founder
Gene Eidelman
Co-Founder & Head of Business Development
Anthea Tatum
Director of Finance
Ravi Gupta
Director of Engineering

Press

These tiny homes are printed using food packaging and pla...
The Spaces The Spaces
·
Jan 26, 2023

Azure Printed Homes uses plastic waste to 3D-print its prefab houses, with its smallest studio version starting at $43,00...

These Sleek Houses Are 3D Printed From Recycled Plastic. ...
Singularity Hub Singularity Hub
·
Nov 4, 2022

The US has a housing shortage problem. We also have a plastic waste problem. What if we could solve both these problems s...

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...

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...

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 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...

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

CBS News feature on Azure Printed Homes
YouTube YouTube

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...

'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...

Fox 11 News and LA City Councilwoman Park visit the Azure...
YouTube YouTube

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 ...

Show all
Logo of Azure Printed Homes

Azure Printed Homes

Azure Printed Homes successfully raised $240,757 from 298 investors on August 18, 2023
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Matthew, Nancy, Ahmed, Glenn, and 294 others invested. 28 Reviews
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