Embracing The Evolution Of An Autonomous Last Mile

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Security Type
Technology, Industrial
Min Investment
Offering Date
October 04, 2022
Expected Close Date
July 06, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Dronedek’s patented receptacle is a smart mailbox that works with traditional, ground robotics, and drone delivery services. These devices are designed to protect and secure pickups and deliveries for businesses and consumers. Dronedek aims to bring speed, convenience, and security to the last inch of the last mile. The Company is pre-revenue but holds a robust patent and IP portfolio, including 111+ product design and feature claims, and we have begun fielding testing with customers. Our first utility patent, for secure drone delivery, beat big-name competitors by just 4 days.


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Key Deal Facts

Autonomous and drone deliveries to Dronedek smart mailboxes may reduce delivery costs from $2 to $1, saving the shipping industry $1 billion every 11 days in the US (source). Total US online sales in 2021 were over $4.55 trillion, additionally daily global package volume reached 355+ million parcels in the most recently available data (source). Dronedek is leveraging decades of experience within its leadership from all walks of corporate America including General Motors (GM), FedEx, the United States Postal Service, small businesses, and the NFL.

Management Team / Advisory Board Bios

Mark D. Hamm Chief Operating Officer | Board Member Former FedEx VP of Innovation, ServiceMaster VP of Customer Experience, AutoZone VP of IT, and serial tech entrepreneur and founder. Expertise in strategy, marketing, innovation, ops, software, IoT, B2B SaaS, big data, ML, RPA, logistics, retail, and services. Neerav Shah Chief Strategy Officer | Board Member Techstars-backed venture participant, with successful startup project launched from its incubator program. Rich drone industry background. Prior experience leading initiatives within the autonomous delivery space. Torrey Bievenour Chief Technology Officer (part-time) Product engineering executive with strong systems bent. Part of the technological transformation of the lighting industry. Torrey is currently part-time and works approximately 8 hours per week for Dronedek. Fred Runco Chief Commercial Officer (part-time) Leads Dronedek’s B2B business, developing strategies, multiple market segments, and implementation. Additionally, leads the venture funding program. Fred is currently part-time and works approximately 8 hours per week for Dronedek. John Ritchison Corporate Counsel (part-time) | Board Member Operating officer of a European division of General Motors and credited with the establishment of Dronedek’s intellectual property portfolio. John is currently part-time and works approximately 16 hours per week for Dronedek. Arthur G. Beriault VP, Government Affairs (full-time) | Board Member 25-year federal law enforcement career with the United States Postal Inspection Service. Served as senior fraud investigator and internal audit manager at CNO Financial Group (NYSE:CNO). Former CPA and security representative for the National Football League (NFL). Greg is currently part-time and works approximately 20 hours per week for Dronedek. Lora O'Toole VP, Business Development Extensive experience working with startups. AUVSI Indiana chapter Treasurer. Awarded 30 under 30 in the logistics and advanced manufacturing industries in Indiana by Conexus. John Callan Board Member Co-founder and CEO Ursa Major Associates and Founder PostalVision 2020, Former VP DHL Global Mail, SVP Purolator, President TNT Skypak, VP Marketing DHL Express, Founder and CEO Calico Air Courier Kevin McAdams Board Member Former VP of Delivery, Retail and Fleet Operations for USPS, oversaw delivery operations for largest last mile network nationally. Implemented policy, programs and innovative logistic solutions for package processing and delivery. Oversaw retail network of 30K facilities which also served as first mile entry points for USPS network. Led fleet operations including fleet maintenance operations and vehicle procurement. Provided Officer-level experience and insight in operational excellence, shipping solutions, planning and strategy for USPS. Currently, Founder and CEO of Vertical Mile Consulting providing insight and solutions for Leadership, Strategy and Operational Excellence in first, middle and last mile logistics. Bill Stafford Board Member 15-year background as a military, commercial and private aviator. Holding qualifications on multiple manned rotary and fixed-wing aircraft and unmanned platforms. Holds Masters and Undergraduate degrees from Embry Riddle Aeronautical University in Unmanned Systems and Professional Aeronautics, respectively. Currently works at Verizon supporting large organizations’ implementation of robotic systems.

Amount Raised : $1,340,624
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