Up Sonder

Up Sonder

About this raise

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.

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Investment Overview

Invested this round: $309,682

Deal Terms

Total 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

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.15

Pre-Money Valuation

$5,500,000

Company & Team

Company

Year Founded
2015
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Los Angeles, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Derek Waleko
Title
CEO
Founder Name
Isaac Nabors
Title
President

Financials

 Revenue
$14,441
 Monthly Burn
$22,457
 Runway
6.6 months

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

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Company Funding & Growth

Funding history

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

Employee History

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Up Sonder on StartEngine
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $5,500,000
Price per Share: $0.15

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