Ascent AeroSystems

Setting the new global standard for mission-critical unmanned aerial systems

Analytics

Raised to Date: $22,700

Aggregate Commitments $
Platform

Republic

Start Date

03/29/2021

Close Date

04/20/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$50,000,000

Discount Rate

0%

Rolling Commitments $
Status
Not Funded
Reporting Date

04/18/2021

Days Remaining
Not Funded
% of Min. Goal

91%

% of Max. Goal

2%

Likelihood of Max
Not Funded
Avg. Daily Raise

$1,032

# of Investors

109

Momentum
Not Funded
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Location

Wilmington, Massachusetts

Industry

Business Services, Software, & Applications

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

High Growth

Ascent AeroSystems, a technology company, is raising funds on Republic. The company makes mission-critical, high-performance, and coaxial unmanned aerial systems that are specifically designed for harsh environments. The flagship product of Ascent AeroSystems, Spirit, has rugged flexibility, high efficiency, and top performance. Peter Fuchs and Jon Meringer founded Ascent AeroSystems in 2015. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for company growth, R&D, marketing, business development, and other corporate operations. Ascent AeroSystems has delivered hundreds of products since 2015 and is now shipping its third-generation products. The products have a proven product-market fit with delighted customers.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$2,453,915

$1,826,339

COGS

$729,526

$129,846

Tax

$0

$0

 

 

Net Income

$-192,833

$491,675

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$838,105

$980,838

Accounts Receivable

$46,567

$120

Total Assets

$4,066,724

$4,425,947

Short-Term Debt

$130,443

$63,667

Long-Term Debt

$220,120

$0

Total Liabilities

$350,563

$63,667

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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
04/20/2021 Republic $50,000,000 $22,700 SAFE Not Funded / Not Sure RegCF
03/28/2021 Republic $0 $0 SAFE Confirmed Closed Test the Waters
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