Up Sonder (1)

Up Sonder (1)

Drone services for manned and autonomous missions

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Security Type
SAFE
Categories
Other
Min Investment
$100
Location
Los Angeles, CA
Offering Date
January 23, 2019
Expected Close Date
May 01, 2019
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 20%

Key Deal Facts

Airbnb of the drone industry:
companies and individuals enlist drone services from a community of qualified pilots
Drone services are estimated to be worth over $13 billion by 2020
Experiencing organic growth with commercial drone pilots in over 750 cities
Over 2,000 community members in the United States
Building one network for autonomous drones and creating global charging network to extend flight times 
Designing low cost precision landing software for autonomous drones that uses proprietary RTK GPS

Use of Proceeds

Intermediary Fees: 6%

Estimated Attorney Fees: 6% - 3%

Estimated Accountant Fees: 3% - 1%

General Marketing: 40% - 45%

R&D: 20%

General Working Capital: 25%

Management Team / Advisory Board Bios

Derek Waleko - CEO

Isaac Nabors - President

Sung Moon Kang - CTO

Deal Notes

Discount: 20%

Amount Raised : $333,328
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Security Description

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