PromoDrone
Early Stage
Rise to the occasion!
Overview
Raised: $33,483
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/01/2021
Close Date
11/09/2021
Min. Goal
$9,997
Max. Goal
$1,069,996
Min. Investment
$247
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$4.19
Pre-Money Valuation
$24,721,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$492
# of Investors
45
Momentum
Funded
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Year Founded
2016
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
PromoDrone, with a valuation of $24.7 million, is raising funds on StartEngine. The company creates exciting aerial advertising drones to help brands promote themselves to a wider audience. The business uses innovative drone displays, smart technology, and strategic partnerships to define and lead drone advertising. PromoDrone has received over $25,000 in grants and has been featured in Fox 5 San Diego and iHeart Media. Jamar S Williams founded PromoDrone in September 2016. The current crowdfunding campaign has a minimum target of $9,997.34 and a maximum target of $1,069,996.11. The campaign proceeds will be used for the growth and expansion of the business.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$6,624 |
$2,372 |
|
COGS |
$5,532 |
$1,678 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,868 |
$-11,898 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,777 |
$14,659 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$13,482 |
$21,364 |
|
Short-Term Debt |
$5,300 |
$0 |
|
Long-Term Debt |
$52,000 |
$52,000 |
|
Total Liabilities |
$57,300 |
$52,000 |
Financials as of: 09/01/2021
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