Proptech
On Wednesday, the Culver City-based startup will publicly launch a $5 million campaign on the crowdfunding platform Republic, with the goal of raising new funds to increase its supply inventory and grow its 12-person staff. Co-founder Gene Eidelman told dot.LA that Azure was bootstrapped until last week, when it received an undisclosed amount of funding from two angel investors.
“As unfortunate as the pandemic is, trying to serve customers during a pandemic is what led us to this idea,” Eidelman said.
Azure is the brainchild of Eidelman and his fellow co-founder and company CEO Ross Maguire. The construction industry vets (Eidelman previously worked for local home construction firm Houck Construction, while Maguire served as a construction manager for British giant Carillion) bonded over a passion for advancing sustainability in their chosen trade. The construction sector is one of the most energy-intensive industries in the world and responsible for 38% of global carbon emissions, according to a report last year by the World Business Council for Sustainable Development.
The pair launched Azure Construction in 2019, initially with the aim of building backyard additions and ADUs in a timely manner and with transparent pricing. But their interest in sustainability led them to the realm of 3D printing, which can be a significantly less resource-intensive method of construction. Maguire said they initially devoted their time to consulting with different 3D printing companies and figuring out which materials and printers they should use, as well as what the designs of their 3D-printed structures should look like. Azure Printed Homes was subsequently, officially born this April.
Azure's 3D printed ADU. Photo by Decerry Donato
The startup boasts that the materials used to 3D-print its structures are made of 60% recycled plastic, fiberglass, and an ultraviolet (UV) stabilizer that offers protection from the sun. A 120-square-foot studio starts at $24,000 (with the cost increasing with additional square footage), not including delivery fees and add-ons (such as solar panels and air conditioning) that can cost thousands of dollars more. Azure says that customers can expect the entire process—from their initial order to the final delivery and installation of the product—to take less than one week. The company is also using the crowdfunding campaign to unveil a new 180-square-foot ADU with a kitchenette for less than $40,000.
Most of the $5 million in crowdfunding that Azure is seeking will be allocated toward buying two more robotic printers to help boost its production capacity. Currently, the startup has one robot stationed at its factory that can print the walls of a 120-square-foot unit in less than 24 hours. By purchasing two more robots, the company will be able to produce three structures per day—a heightened pace that will help alleviate Azure’s current 40-order backlog and the roughly 70 inquiries, on average, that it receives from potential customers each day, according to Maguire.
“The beauty of it seems to be that some people just love the way it looks,” Maguire told dot.LA. “But then there’s enthusiasts about the environmental aspect, and then people that love the technology of 3D printing.”