About this raise
Ascent AeroSystems, a technology company, is raising funds on Republic. The company makes mission-critical, high-performance, and coaxial unmanned aerial systems that are specifically designed for harsh environments. The flagship product of Ascent AeroSystems, Spirit, has rugged flexibility, high efficiency, and top performance. Peter Fuchs and Jon Meringer founded Ascent AeroSystems in 2015. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for company growth, R&D, marketing, business development, and other corporate operations. Ascent AeroSystems has delivered hundreds of products since 2015 and is now shipping its third-generation products. The products have a proven product-market fit with delighted customers.
Investment Overview
Not Funded: $22,700
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 03/29/2021
- Close Date
- 04/20/2021
$25,000
$1,070,000
$100
SAFE
Growth Stage
RegCF
$50,000,000
0%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +34% YoY
- $2,453,915
- Monthly Burn
- $16,069
-
Cash on Hand
- $838,105
- Gross Margin
- 70%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/20/2021 | Republic | $50,000,000 | $22,700 | SAFE | Not Funded | RegCF |
| 03/28/2021 | Republic | $50,000,000 | $0 | SAFE | Funded | Test the Waters |