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DRONEDEK

Public

DRONEDEK Corp

Software & AI · Indianapolis, IN · Founded 2020

The Safe, Secure, Smart Mailbox for the New Age of Delivery!

Post-money valuation ⓘ
$336.2M
As of Apr 2025 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$9,351,483
Crowd $7.0M · Private $2.3M · 5 rounds since 2020
Latest share price
$11.20
Reg CF · Common Stock · Sep 2023 offering price · in today's shares

Financials

FY2018–FY2025 · from SEC filings · hover any figure for its source
$0
2018
$0
−$4K
2019
$0
−$146K
2020
$0
$1.5M
2021
$0
$2.4M
2022
$0
−$7.3M
2023
$0
−$4.5M
2024
$113K
−$12.8M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 reviewed*
FY2019 reviewed*
FY2020
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
$0
$0
$0
$0
$0
$0
$113,250
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
—
Net income
$0
-$4,000
-$146,154
$1,526,753
$2,388,614
-$7,321,134
-$4,537,901
-$12,826,384
Taxes paid
$0
$0
$1,260
$9,195
-$9,195
$0
$0
—
Balance sheet
Cash
$0
$0
$276,876
$2,677,012
$1,557,096
$325,472
$129,318
$2,104,004
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
$4,975
Total assets
$0
$0
$418,702
$3,208,894
$2,533,493
$619,601
$987,788
$10,931,065
Short-term debt
$0
$4,000
$109,650
$49,392
$139,478
$1,078,281
$8,524
$9,140
Long-term debt
$0
$0
$0
$0
$26,273
$19,086
$10,558
—
Total liabilities
$0
$4,000
$109,650
$49,392
$165,751
$1,097,367
$1,970,963
$8,455,465
Other
Headcount
—
0
—
7
30
30
30
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$123.1M
pre-money
$3.33B
pre-money
$332.9M
pre-money
Reg CF · Common · Nov 2020
Reg CF · Common · Oct 2022
Reg CF · Common · Sep 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$11.20$5.60$4.00
Nov 2020Sep 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2022
ClassOutstandingVotes / shareShare of totalLast price
Common stock118,418,121—100.0%$11.20Sep 2023

Shares outstanding over timein today's share terms

32M16M0
Dec 2020Dec 2022
Common stockRound openedSplit / conversion

Principal holders% as the filing states it, Apr 15, 2026

  • Stockholders Daniel O'Toole23,155,051 shares0.1%of company

Sold to the crowd

  • Reg CF · Nov 2020738,004 shares at $4.00 in today's terms · sold as 1,476,007 shares at $2.00; since then a 2-for-1 split (Sep 2021), a 1-for-4 reverse split (Nov 2024)$3M· 4,438 investors
  • Reg CF · Oct 202274,188 shares at $11.20 in today's terms · sold as 296,750 shares at $2.80; since then a 1-for-4 reverse split (Nov 2024)$830.9K· 428 investors
  • Reg CF · Sep 2023287,854 shares at $11.20 in today's terms · sold as 1,151,416 shares at $2.80; since then a 1-for-4 reverse split (Nov 2024)$3.2M

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · Common Stock · Sep 2023Closedvia Highlander (formerly PicMii)
Raised $3.2M / $5MPost-money $336.2M
Raised $830.9K / $5MInvestors 428Post-money $3.3B
Raised $2MInvestors 16
Raised $3M / $3.6MInvestors 4,438Post-money $126.7M
Raised $390KInvestors 5

Team

14 people
Daniel O'TooleFounder
Founder | Chief Executive Officer | Chairman of the Board

Dronedek patent holder and a strong visionary of growth. Three previous corporate exits as a serial entrepreneur. Previous leadership roles held in startups and commercial real estate.

Dan O'Toole
Chairman and CEO
Fred Runco
Chief Commercial Officer

Leads Dronedek’s B2B business, developing strategies, multiple market segments, and implementation. Additionally, leads the venture funding program.

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.

Todd Pepmeir
Chief Financial Officer

Financial executive in automotive, aerospace, healthcare, and early-stage technology companies. Former divisional CFO for Rolls-Royce, Plc in defense business unit, leading financial and contracting teams. Co-founded technology startup specializing in RPA for Ascension Health and commercial clients. Successful exit through strategic acquisition in 2021.

Torrey Bievenour
Chief Technology Officer

Product engineering executive with strong systems bent. Part of the technological transformation of the lighting industry.

Todd Pepmeier
CFO
Arthur G. Beriault
VP, Government Affairs | 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).

Show 5 more people
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 Ritchison
Corporate Counsel | Board Member

Operating officer of a European division of General Motors and credited with the establishment of Dronedek’s intellectual property portfolio.

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.

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.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredBecame a public company

Filed 4 of 6 annual reports (FY2020–FY2025)

4,438 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form 10-QAug 13, 20260001493152-26-037755
    EDGAR
  • Form 10-QMay 15, 20260001493152-26-023747
    EDGAR
  • Form 10-Q/AApr 15, 20260001493152-26-016849
    EDGAR
  • Form 10-KApr 15, 20260001493152-26-016808
    EDGAR
  • Form 10-Q/AApr 15, 20260001493152-26-016857
    EDGAR
  • Form 10-QNov 14, 20250001493152-25-023457
    EDGAR
  • Form C-UAug 28, 20250001818274-25-000018
    EDGAR
  • Form 10-QAug 14, 20250001641172-25-023999
    EDGAR
Source: ManualCIK 0001818274DEShare price $2.80

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.