Arrive

Arrive

Growth Stage

Smart, Secure, Seamless Delivery and Pickup for People, Robots, and Drones

Smart, Secure, Seamless Delivery and Pickup for People, Robots, and Drones

Overview

Raised this Round: Raised: $1,833,072

Total Commitments ($USD)

Platform

PicMii

Start Date

09/21/2023

Close Date

07/31/2024

Min. Goal
$9,999
Max. Goal
$3,599,998
Min. Investment

$304

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.80

Pre-Money Valuation

$365,088,137

Year Founded

2020

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Indianapolis, Indiana

Business Type

Growth

Arrive, with a valuation of $365.1 million, is raising funds on PicMii. The company works as a platform for safe, patented, and smart drone delivery. Arrive is app-driven and is used to ship and receive food, parcels, medicines, and beverages securely and seamlessly. The business is revolutionizing last-mile delivery with secure packages, smart mailboxes, and its Mailbox-as-a-Service platform. Dan O’Toole founded Arrive in April 2020. The current crowdfunding campaign has a minimum target of $9,998.80 and a maximum target of $3.6 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$-9,195

 

 

Net Income

$7,321,134

$2,388,614

Summary Balance Sheet

FY 2023 FY 2022

Cash

$325,472

$1,557,096

Accounts Receivable

$0

$0

Total Assets

$619,601

$2,533,493

Short-Term Debt

$1,078,281

$139,478

Long-Term Debt

$19,086

$26,273

Total Liabilities

$1,097,367

$165,751

Financials as of: 09/21/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Arrive 07/30/2024 PicMii $365,088,137 $1,833,072 Equity - Common Active RegCF
DRONEDEK 07/05/2023 StartEngine $330,689,859 $1,293,077 Equity - Common Funded RegCF
DRONEDEK Corporation 08/30/2021 Wefunder $123,000,000 $3,574,629 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Arrive on PicMii 2023
Platform: PicMii
Security Type: Equity - Common
Valuation: $365,088,137
Price per Share: $2.80

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