Up Sonder

Early Stage

Connecting the world to drone services.

Analytics

Raised to Date: Raised: $309,682

Aggregate Commitments $

Platform

StartEngine

Start Date

11/20/2020

Close Date

11/26/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$249

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$5,500,000

Rolling Commitments $

Status
Funded
Reporting Date

11/28/2021

Days Remaining
Funded
% of Min. Goal

3,097%

% of Max. Goal

29%

Likelihood of Max
Funded
Avg. Daily Raise

$835

Momentum
Funded
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Location

Los Angeles, California

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Up Sonder, with a pre-money valuation of $5.5 million, is raising funds on StartEngine. The platform enables individuals and businesses to hire a drone pilot quickly and easily through a national marketplace. The company is designing and developing charging infrastructure for autonomous drones based on its proprietary technology. Derek Waleko and Dr. Isaac Nabors founded Up Sonder in 2015. The proceeds of the current crowdfunding round, with a minimum raise of $9,999.90 and a maximum raise of $1,069,995.95, will be used for growth and expansion. Up Sonder plans to tradition from its current human-driven network to a completely autonomous system by building its autonomous drone charging network.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$14,441

$15,441

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-269,486

$-61,907

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$148,659

$5,993

Accounts Receivable

$1,649

$0

Total Assets

$153,419

$7,193

Short-Term Debt

$69,992

$100,479

Long-Term Debt

$357,045

$0

Total Liabilities

$427,037

$100,479

Financials as of: 11/20/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Up Sonder 11/26/2021 StartEngine $5,500,000 $309,682 Equity - Preferred Funded RegCF
Up Sonder 07/31/2019 Republic $6,000,000 $360,220 SAFE Funded RegCF
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Up Sonder on StartEngine
$
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $5,500,000
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