Parallel Flight Technologies
Early Stage
Saving lives, property, and the environment
Overview
Raised: $1,069,794
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/11/2019
Close Date
01/13/2020
Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment
$294
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$1.40
Pre-Money Valuation
$7,980,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$11,381
# of Investors
1,493
Momentum
Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Location
La Selva Beach, California
Parallel Flight Technologies, with a pre-money valuation of $7.98 million, is raising funds on StartEngine. The company has built a patent-pending drone technology that will be used in fighting wildfires, logistics, and search and rescue missions. The drones of Parallel Flight Technologies will be able to carry heavy loads for over two hours. Parallel Flight Technologies was founded by Joshua Resnick in 2018. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,070,000. Parallel Flight Technologies has a partnership with NASA wherein it has received a Phase 1 grant to continue its prototype development. The company is on its way to save lives, property, and the environment and has won several prestigious innovation awards.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Parallel Flight Technologies | 05/17/2023 | StartEngine | $82,358,840 | $740,307 | Equity - Common | Funded | RegCF |
| Parallel Flight Technologies | 06/28/2022 | StartEngine | $175,318,370 | $1,304,860 | Equity - Common | Funded | RegCF |
| Parallel Flight Technologies | 06/30/2021 | StartEngine | $28,700,000 | $6,505,002 | Equity - Common | Funded | RegA+ |
| Parallel Flight Technologies | 07/28/2020 | Wefunder | $18,000,000 | $350,198 | Equity - Common | Funded | RegA+ |
| Parallel Flight Technologies | 01/13/2020 | StartEngine | $7,980,000 | $1,069,794 | Equity - Common | Funded | RegCF |
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Founder Profile
Follow Up with Parallel Flight Technologies Founder Joshua Resnick
Parallel Flight Technologies is creating heavy duty drones with extended flight times for various industrial purposes. From fighting fires to disaster relief, Parallel Flight wants to get their drones where they can help the most. We covered the company as a Deal to Watch back in July when it was conducting a Reg CF raise. Now, Parallel Flight is back with a Reg A+ raise on StartEngine.We reconnected with co-founder and CEO Joshua Resnick to learn what the company has been up to in the past three months. He told us about exciting new partnerships and what the beginning of 2021 will hold for Parallel Flight Technologies.
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