Arrive (2025)

About this raise

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.

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Investment Overview

Committed this round: $3,202,060

Deal Terms

Total Commitments

Platform
PicMii
Start Date
09/22/2023
Close Date
05/15/2025
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

$3.25

Pre-Money Valuation

$365,088,137

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
30
Prior Founder Exits?
No
Founder Name
Daniel O'Toole
Title
CEO and Chairman

Financials

as of Fiscal Year 2023
 Revenue
$0
 Cash on Hand
$325,472

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$6,700,954
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Arrive 05/15/2025 PicMii $365,088,137 $3,202,060 Equity - Common Active RegCF
DRONEDEK 07/06/2023 StartEngine $330,689,859 $1,293,077 Equity - Common Funded RegCF
DRONEDEK Corporation 08/31/2021 Wefunder $123,000,000 $3,574,629 Equity - Common Funded RegCF
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Growth Charts

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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Add to portfolio
Arrive on PicMii 2023
Platform: PicMii
Security Type: Equity - Common
Valuation: $365,088,137
Price per Share: $3.25

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Follow Arrive on PicMii 2023

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