Up Sonder

Neutral
BETA

Connecting the world to drone services.

Analytics

Raised to Date: $149,050

Aggregate Commitments $
Platform

StartEngine

Start Date

11/20/2020

Close Date

04/30/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$249

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$5,500,000

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

64

% of Min. Goal

1,491%

% of Max. Goal

14%

Likelihood of Max
Avg. Daily Raise

$1,553

# of Investors

258

Momentum
Location

Los Angeles, California

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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.

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

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
04/30/2021 StartEngine $5,500,000 $149,050 Equity - Preferred Active RegCF
07/31/2019 Republic $6,000,000 $360,220 SAFE Confirmed Closed RegCF

Ratings

last updated 02/25/2021

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