DRONEDEK

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $1,293,077

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/04/2022
Close Date
07/06/2023
Min. Goal
$9,999
Max. Goal
$4,999,999
Min. Investment

$280

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.80

Pre-Money Valuation

$330,689,859

Company & Team

Company

Year Founded
2020
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Indianapolis, Indiana
Business Type
Growth
Company Website
Visit Website

Team

Employees
13
Prior Founder Exits?
No
Founder Name
Dan O'Toole

Financials

 Revenue
$0
 Monthly Burn
$127,229
 Runway
21 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,430,548
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Arrive 11/08/2024 PicMii $365,088,137 $2,818,524 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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DRONEDEK on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $330,689,859
Price per Share: $2.80

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