About this raise

xCraft Enterprises, with a valuation of $48.9 million, is raising funds on StartEngine. The company designs and manufactures unmanned aerial systems for military and enterprise markets. The patented technologies of xCraft Enterprises are taking the drone industry to new heights, bringing improved safety and quality of life. xCraft Enterprises is backed by all five celebrity Shark Tank investors and has been featured in Techcrunch, Fortune, Business Insider, and MarketWatch. JD Claridge and Charles Manning founded xCraft Enterprises in 2017. The current crowdfunding campaign has a minimum target of $9,993.60 and a maximum target of $4,999,996.80. The campaign proceeds will be used for marketing, technology, and expansion.

Expand

Investment Overview

Invested this round: $148,195

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/02/2022
Close Date
08/01/2022
Min. Goal
$9,994
Max Goal
$4,999,997
Min. Investment

$499

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.60

Pre-Money Valuation

$48,874,963

Company & Team

Company

Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
COEUR D'ALENE, Idaho
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
JD Claridge
Title
President/CEO
Founder Name
Charles F Manning
Title
Investor

Financials

 Revenue -88.9% YoY
$75,302
 Monthly Burn
$88,677
 Runway
0.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$75,302

$680,677

COGS

$88,255

$13,458

Tax

$0

$0

 

 

Net Income

$-1,064,118

$-807,724

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,465

$33,392

Accounts Receivable

$27

$47,450

Total Assets

$238,873

$611,692

Short-Term Debt

$1,235,421

$1,104,388

Long-Term Debt

$328,326

$228,009

Total Liabilities

$1,563,747

$1,332,397

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/04/2023 PicMii $53,872,550 $0 Equity - Common Not Funded RegCF
08/01/2022 StartEngine $48,874,963 $148,195 Equity - Common Funded RegCF
02/03/2022 StartEngine $35,000,000 $2,528,013 Equity - Common Funded RegA+
02/29/2020 StartEngine $18,200,000 $1,069,937 Equity - Common Funded RegCF
07/07/2017 StartEngine $6,000,000 $1,096,733 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
xCraft Enterprises on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $48,874,963
Price per Share: $9.60

Follow company

Follow xCraft Enterprises on StartEngine 2022

Buy xCraft's Deal Report

Warning: according to the close date for this deal, xCraft may no longer be accepting investments.

xCraft Deal Report

Get Kingscrowd's comprehensive report on xCraft including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether xCraft is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the xCraft deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge