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 to Date: Raised: $1,466,829

Total Commitments ($USD)

Platform

PicMii

Start Date

09/21/2023

Close Date

05/27/2024

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

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/04/2024

Days Remaining

22

% of Min. Goal

14,670%

% of Max. Goal

41%

Likelihood of Max
unlikely
Avg. Daily Raise

$6,490

Momentum
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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 05/26/2024 PicMii $365,088,137 $1,466,829 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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Price per Share History

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

Valuation History

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.

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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