About this raise: Target Arm, with a valuation of $68.65 million, is raising funds on StartEngine. The autonomous robotics company specializes in hardware and software products for drone launch and recovery on the move. Target Arm is commercializing its first product, Tular, which enables launch and recovery for both rotary and fixed-wing drones from any moving platform. The device has a wide variety of uses, including package delivery, arsenal SMET, wind farms, first responders, and military operations. Jeffrey A. McChesney and Ryan Bigham founded Target Arm in April 2017. The current crowdfunding campaign has a minimum target of $14,998.64 and a maximum target of $4.4 million. The campaign proceeds will be used for research and development, sales and marketing, and general and administrative expenses.
Investment Overview
Committed : $89,190
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 12/13/2024
- Close Date
- 03/13/2025
$14,999
$4,390,153
$498
Equity - Common
Series A
RegCF
$1.88
$68,652,110
Company & Team
Company
- Year Founded
- 2017
- Industry
- Logistics, Delivery, & Supply Chain
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue -40.4% YoY
- $566,574
- Monthly Burn
- $10,000
-
Runway
- 23.3 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,783,409
- Grants
- $3,500,000
- VC Backed?
- Yes
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.