# MyCabin SIA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mycabin-sia

- Industry: Construction
- Headquarters: Jelgava, Latvia
- Website: www.mycabin.lv/
- Total disclosed funding: $1.6M
- Latest round: Seed (Mar 15, 2023)
- Investors on record: 1

## About

Based in Jelgava, Latvia, and founded in 2020 by CEO Girts Draugs, MyCabin SIA operates as a provider of modular housing solutions to clients in Latvia, the Baltics, and Northern Europe. The company designs and manufactures prefabricated homes, including various models and additional structures. In 2023, MyCabin SIA raised EUR 1.55 million in seed funding led by Merito Partners.

MyCabin specializes in modular housing solutions, prominently featuring the Milla series, which includes models such as Milla 25, Milla 40, Milla 47, and Milla 60. The company also offers additional structures like saunas and barns. These prefabricated homes are intended to meet improved standards of sustainability, using natural materials and minimalist design principles. Each model provides flexible space solutions, accommodating between one and four rooms.

MyCabin generates revenue through direct sales of modular homes and additional structures, including saunas and barns. Transactions occur on a direct-to-consumer basis, with pricing determined by selected models and configurations. The sales process includes customized quotes to simplify client decision-making. For example, MyCabin offers a range of modular homes, including the Milla 47 and Milla 60 models. The Milla 47, with a living area of 55.10 m², is priced starting at EUR 29,945, while the Milla 60 model is available from EUR 64,945. These prices vary based on selected configurations and additional features.

MyCabin plans to expand its production facility near Riga, increasing capacity to produce ten houses per month.

## Funding rounds

- Seed, Mar 15, 2023, $1.6M — Merito Partners

## Investors

- Merito Partners — Seed