Stark Drones
Early Stage
Propelling into the Future
Overview
Raised: $31,441
Total Commitments ($USD)
Platform
Netcapital
Start Date
09/27/2023
Close Date
02/02/2024
Min. Goal
$10,000
Max. Goal
$810,000
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.55
Pre-Money Valuation
$20,625,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
64
% of Min. Goal
314%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$491
Momentum
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Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Stark Drones, with a valuation of $20.6 million, is raising funds on NetCapital. The company is building technologies to disrupt the telecom and infrastructure industries. Stark Drones is building a variety of things, including air-powered batteries, cost-efficient internet balloons, distributed and decentralized grids, and power walls, to make huge strides in a variety of industries. The company has tested some of its products and aims to grow through research initiatives, potential joint ventures, government collaborations, and selling its products. Andrew Magdy Kamal founded Stark Drones in February 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $810,000. The campaign proceeds will be used for research and development, legal expenses, compensation for managers, starting a lab facility, marketing, hiring, and debt repayment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-33,881 |
$-48,597 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$18,500 |
$1,025 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$43,934 |
$16,025 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$85,000 |
$84,000 |
|
Total Liabilities |
$85,000 |
$84,000 |
Financials as of: 09/27/2023
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