DRONEDEK
The Safe, Secure, Smart Mailbox for the New Age of Delivery!
Overview
Raised: $482,011
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/04/2022
Close Date
03/06/2023
Min. Goal
$9,999
Max. Goal
$4,999,999
Min. Investment
$280
Security Type
Equity - Common
Series
Series A
Funding Type
RegCF
Price Per Share
$2.80
Pre-Money Valuation
$330,689,859
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
33
% of Min. Goal
4,821%
% of Max. Goal
10%
Likelihood of Max
Avg. Daily Raise
$4,017
# of Investors
290
Momentum
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Location
Indianapolis, Indiana
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
DRONEDEK, with a valuation of $331 million, is raising funds on StartEngine. The company works as a platform for safe, patented, and smart drone delivery. The platform is app-driven and is used to ship and receive food, parcels, medicines, and beverages. DRONEDEK has exclusive patent rights in the US for secured drone delivery with 102 filed claims. The business will secure packages with a motorized locking door, cushioned platform, and weatherproof insulation. Dan O’Toole founded DRONEDEK in April 2020. The current crowdfunding campaign has a minimum target of $9,998.80 and a maximum target of $4,999,999.20. The campaign proceeds will be used to establish strategic partnerships and grow.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$27,713 |
$1,260 |
| ||
| ||
|
Net Income |
$-1,526,753 |
$-146,153 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,677,012 |
$276,876 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,208,894 |
$418,702 |
|
Short-Term Debt |
$49,392 |
$109,650 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$49,392 |
$109,650 |
Financials as of: 10/04/2022
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