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The startup behind these $199,000 backyard tiny homes that can be built in a a day just raised $3.5 million - take a look

1 month ago   |   By Business Insider

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A Silicon Valley startup, Abodu, is delivering accessory dwelling units that can be installed in just one day.
Abodu just raised $3.5 million in VC funding led by Initialized Capital.
The units are preapproved in San Jose, California, and could be a potential solution for the lack of affordable housing in the area.
Abodu units are just under 500 square feet and start at $199,000.
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Redwood City, California startup Abodu has a potential solution for one of the most expensive housing markets in the country: accessory...
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California's housing crisis is so dire, a startup just raised $3.5 million in VC funding to drop tiny houses in people's backyards

California's housing crisis is so dire, a startup just raised $3.5 million in VC funding to drop tiny houses in people's backyards

1 month ago   |   By Business Insider

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"I'm sorry I'm late, I'm coming from my biweekly Covid test," says John Geary, a startup founder.
Most days, Geary, who runs a housing startup called Abodu, works out of a showroom in Redwood City, California, where homebuyers can check out his company's prefabricated tiny houses on display, by appointment only.
He runs to a drive-thru Covid-testing site on his lunch hour every two weeks so he can keep meeting customers.
But Geary's work was considered essential long before the coronavirus pandemic mandated it.
California's Bay Area housing stock has all but dried...
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