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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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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