Jetoptera (2022)

About this raise

Jetoptera, with a valuation of $135 million, is raising funds on Wefunder. The company has multiple unique patents, including its fluidic propulsive system, which can be combined to create a simpler, faster, quieter, and more compact aircraft. The unique propulsion system of Jetoptera is engineered for short and vertical takeoff and landing applications. Jetoptera has been awarded 53 patents and has five contracts awarded from the US Air Force and US Army. Andrei Evulet and Denis Dancanet founded Jetoptera in June 2015. The current crowdfunding campaign has a minimum target of $9,993.06 and a maximum target of $2,999,987.76. The campaign proceeds will be used to deploy and sell FPS-enabled military unmanned aircraft and build a prototype of manned-flight FPS-enabled craft.

Investment Overview

Invested this round: $205,634

Deal Terms
Company & Team

Total Commitments

Platform: StartEngine
Start Date: 06/06/2022
Close Date: 11/08/2022

Min. Goal
$9,993

Max Goal
$2,999,988

Min. Investment

$496

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF

Price Per Share

$10.78

Pre-Money Valuation

$135,000,074

Company

Year Founded: 2015
Industry: Transportation, Automotive, Aviation, & Aerospace
Tech Sector: Hardwaretech
Distribution Model: B2B/B2C
Margin: Low
Capital Intensity: High
Location: Edmonds, Washington
Business Type: Growth
Company Website: Visit Website

Team

Employees: 4
Prior Founder Exits?: No

Founder Name: Andrei Evulet
Title: Co-Founder, CEO, CTO

Founder Name: Denis Dancanet
Title: Co-Founder & Chairman of the Board of Directors

Founder Name: Simina Farcasiu
Title: Co-Founder, CFO

Financials

Revenue: $411,992
Monthly Burn: $255,889
Runway: 2.8 months

View Detailed Financials

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$411,992	$39,591
COGS	$0	$0
Tax	$2,494	$2,080


Net Income	$-3,070,663	$-1,132,657

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$706,764	$720,939
Accounts Receivable	$0	$29,927
Total Assets	$1,812,934	$1,994,939
Short-Term Debt	$5,271,940	$301,452
Long-Term Debt	$893,174	$4,747,317
Total Liabilities	$6,165,114	$5,048,769

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Ratings

Total Prior Capital Raised: $9,600,000
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
04/11/2024	Wefunder	$127,000,000	$2,076,883	Equity - Common	Funded	RegCF / RegD 506(c)
11/08/2022	StartEngine	$135,000,074	$205,634	Equity - Common	Funded	RegCF
02/28/2022	Wefunder	$125,044,544	$2,167,898	Equity - Common	Funded	RegCF
04/13/2020	Microventures	$22,000,000	$217,168	Convertible Note	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

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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View on StartEngine

Common Stock, $135M • Closed

22 Following

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103 Invested

Deal Considerations

2
Key Challenges
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Other Risks
- No other risks found

Jetoptera (2022)

Jetoptera (2022)

About this raise