Parallel Flight Technologies
Saving lives, property, and the environment
Analytics
Raised to Date: $1,069,794
Aggregate Commitments $
Platform
StartEngine
Start Date
10/11/2019
Close Date
01/13/2020
Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment
$294
Security Type
Equity - Common
Funding Type
RegCF
Valuation
$7,980,000
Rolling Commitments $
Status
Funded
Reporting Date
01/31/2020
Days Remaining
Funded
% of Min. Goal
10,699%
% of Max. Goal
100%
Likelihood of Max
Funded
Avg. Daily Raise
$11,381
# of Investors
1,493
Momentum
Funded
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Founder Profile
Founder Profile: Joshua Resnick of Parallel Flight Technologies
Location
La Selva Beach, California
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Parallel Flight Technologies, with a pre-money valuation of $7.98 million, is raising funds on StartEngine. The company has built a patent-pending drone technology that will be used in fighting wildfires, logistics, and search and rescue missions. The drones of Parallel Flight Technologies will be able to carry heavy loads for over two hours. Parallel Flight Technologies was founded by Joshua Resnick in 2018. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,070,000. Parallel Flight Technologies has a partnership with NASA wherein it has received a Phase 1 grant to continue its prototype development. The company is on its way to save lives, property, and the environment and has won several prestigious innovation awards.
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Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2021 | StartEngine | $28,700,000 | $3,571,605 | Equity - Common | Active | RegA+ |
| 07/28/2020 | Wefunder | $18,000,000 | $350,198 | Equity - Common | Confirmed Closed | RegA+ |
| 01/13/2020 | StartEngine | $7,980,000 | $1,069,794 | Equity - Common | Confirmed Closed | RegCF |
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