About this raise

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.

Expand

Investment Overview

Invested this round: $1,069,794

Deal Terms

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    Open SEC Filing

Price Per Share

$1.40

Pre-Money Valuation

$7,980,000

Company & Team

Company

Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Location
La Selva Beach, California
Company Website
Visit Website

Team

Employees
7

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/17/2023 StartEngine $82,358,840 $740,307 Equity - Common Funded RegCF
06/28/2022 StartEngine $175,318,370 $1,304,860 Equity - Common Funded RegCF
06/30/2021 StartEngine $28,700,000 $6,505,002 Equity - Common Funded RegA+
07/28/2020 Wefunder $18,000,000 $350,198 Equity - Common Funded RegA+
01/13/2020 StartEngine $7,980,000 $1,069,794 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

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

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.

Read Founder Interview

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Parallel Flight Technologies on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,980,000
Price per Share: $1.40

Follow company

Follow Parallel Flight Technologies on StartEngine

Buy Parallel Flight Technologies's Deal Report

Warning: according to the close date for this deal, Parallel Flight Technologies may no longer be accepting investments.

Parallel Flight Technologies Deal Report

Get Kingscrowd's comprehensive report on Parallel Flight Technologies including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Parallel Flight Technologies is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Parallel Flight Technologies deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge