Back Porch Homes Raises Nearly $160,000 in Seven-Week Crowdfunding Campaign
Southern California-based backyard tiny home builder partners with Republic to raise capital needed to increase manufacturing capacity to offer a solution to State's housing shortage that preserves neighborhoods while increasing their capacity.
RIVERSIDE, Calif., Dec. 12, 2019 /PRNewswire-PRWeb/ -- While Sacramento and an increasing number of California cities update their occupancy codes to encourage backyard tiny homes, start-up tiny home builder Back Porch Homes (BPH) has been laying the foundation for an enterprise that will help solve the affordable housing crisis. BPH partnered with crowdfunding website Republic to help raise funds needed to develop the start-up's manufacturing and marketing capabilities.
"We launched the campaign October 22 on the heels of our showroom grand opening," explained Stephen McKee, Back Porch Homes co-founder. "Since that time and with the help of our Republic investors, we have achieved all of our goals for the campaign including:
1. Raise a minimum of $100,000 (we raised $159,438)
2. Raise awareness and support for the BPH mission (we engaged 829 investors and more than 180 public endorsements)
3. Improve our business concept and pitch (which we did by engaging in more than 100 online question and answer conversations and one live Q&A event.)"
"We're excited to have Back Porch Homes as our first "Republic Cities" company to not only launch but surpass their funding goal," said Shrina Kurani, Republic's Vice President of Business. "Together, we can continue to live the vision of innovation for everyone, where you can invest in the ideas you believe in and build the future you want—and with Back Porch Homes, hopefully one with more access to affordable housing."
The campaign ended December 6 at 11:59 PM PST. The campaign page can be found at https://republic.co/back-porch-homes.
Logo files and media resources available at https://backporchhomes.lpages.co/news/.
About Back Porch Homes
Founded in 2018 by veteran real estate investors Todd Bayer and Stephen McKee, Back Porch Homes is on a mission to make housing affordable for all by building affordable backyard tiny homes. A cost- and time-effective alternative to accessory dwelling units, BPH homes improves on the typically highly-personalized and often expensive tiny home concept by introducing mainstream designs and manufacturing efficiency. BPH aims to become the Ford Motor Company of the tiny home industry. More at http://www.BackPorchHomes.com
About Republic
Republic operates a family of businesses, including an investment platform that provides retail investors around the world with compliant access to curated startups and blockchain projects. Founded in 2016, Republic operates under U.S. equity crowdfunding regulations and is under the supervision of the U.S. Securities and Exchange Commission and the U.S. Financial Industry Regulatory Authority. Republic recently expanded beyond crowd investing with the introduction of Radar (a platform that connects founders with noted venture firms), a Republic syndicate on AngelList, and a tokenization advisory service, each as an independent business operation. For additional information, please visit http://www.republic.co, @joinrepublic and http://www.facebook.com/joinrepublic.
SOURCE Back Porch Homes
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