Parallel Flight Technologies

Parallel Flight Technologies

Early Stage

Saving lives, property, and the environment

Saving lives, property, and the environment

Overview

Raised this Round: Raised: $1,069,794

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/10/2019

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

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 05/16/2023 StartEngine $82,358,840 $740,307 Equity - Common Funded RegCF
Parallel Flight Technologies 06/27/2022 StartEngine $175,318,370 $1,304,860 Equity - Common Funded RegCF
Parallel Flight Technologies 06/29/2021 StartEngine $28,700,000 $6,505,002 Equity - Common Funded RegA+
Parallel Flight Technologies 07/27/2020 Wefunder $18,000,000 $350,198 Equity - Common Funded RegA+
Parallel Flight Technologies 01/12/2020 StartEngine $7,980,000 $1,069,794 Equity - Common Funded RegCF
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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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Parallel Flight Technologies on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,980,000
Price per Share: $1.40

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