About this raise

LIFT Aircraft, with a valuation of $226 million, is raising funds on Dealmaker Securities. The company has created a drone for people leading the urban air mobility revolution. LIFT has used distributed electric propulsion technology, autonomous flight control systems, and its patented design to create the personal drone. It is the first company in the world to launch pay-per-flight eVTOL operations, with six US Air Force contracts and 15,000 waitlist signups for their 25 city nationwide tour. Matt Chasen founded LIFT Aircraft in September 2017. The current crowdfunding campaign has a minimum target of $998.92 and a maximum target of $3.7 million. The campaign proceeds will be used for corporate development purposes, including research and development, manufacturing, location development, and staffing.

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Investment Overview

Invested this round: $1,633,612

Deal Terms

Total Commitments

Platform
DealMaker Securities
Start Date
02/23/2024
Close Date
12/02/2024
Min. Goal
$999
Max Goal
$3,699,999
Min. Investment

$999

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.21

Pre-Money Valuation

$226,000,000

Company & Team

Company

Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Austin, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
16
Prior Founder Exits?
No
Founder Name
Matthew Chasen
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$2,721,452
 Monthly Burn
$195,833
 Runway
3.2 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,734,879

$2,721,375

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,254,920

$-3,765,043

Summary Balance Sheet

FY 2023 FY 2022

Cash

$630,862

$464,760

Accounts Receivable

$456,663

$257,237

Total Assets

$8,202,792

$964,614

Short-Term Debt

$1,806,306

$1,797,904

Long-Term Debt

$1,579,318

$1,790,455

Total Liabilities

$3,385,624

$3,588,359

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$37,700,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/02/2024 DealMaker Securities $226,000,000 $1,633,612 Equity - Common Funded RegCF
10/04/2023 StartEngine $270,000,000 $1,349,320 Equity - Common Funded RegA+
09/05/2023 StartEngine $188,670,940 $1,349,320 Equity - Common Funded RegCF
04/27/2022 StartEngine $188,821,430 $4,987,058 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
LIFT Aircraft on Dealmaker Securities 2024
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $226,000,000
Price per Share: $2.21

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Follow LIFT Aircraft on Dealmaker Securities 2024

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Warning: according to the close date for this deal, LIFT Aircraft may no longer be accepting investments.

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