DroneDeploy was founded in 2013 by Jono Millin, Michael Winn, and Nicholas Pilkington. The company has not officially endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

DroneDeploy is a commercial drone software platform, offering fleet management solutions, flight plan software, as well as data capture and analysis functions. Many of DroneDeploy's customers are in the construction, agriculture, mining, and energy industries. In 2021, the company acquired Rocos, a robotics software company. DroneDeploy has raised $140 million in venture capital funding from investors including Energize Ventures, AirTree Ventures, Uncork Capital, Scale Venture Partners, and Scale Venture Partners. As of April 2022, the company has not disclosed recent valuation information.

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Will DroneDeploy go IPO?

DroneDeploy has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is DroneDeploy’s IPO price?

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When was DroneDeploy founded?

DroneDeploy was founded in 2013.

What is DroneDeploy funding to date?

DroneDeploy has raised $138.04MM to date.

DroneDeploy Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
02/04/2021 Series E $45MM $xx.xx $497.78MM Energize Ventures, AirTree, Bessemer Venture Partners, Scale, Emergence Capital, Angelpad, Uncork Capital, Frontline Ventures
Price per Share
$xx.xx
Shares Outstanding
4,992,851
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Energize Ventures, AirTree, Bessemer Venture Partners, Scale, Emergence Capital, Angelpad, Uncork Capital, Frontline Ventures
11/13/2019 Series D $35MM $xx.xx $260.04MM Bessemer Venture Partners
Price per Share
$xx.xx
Shares Outstanding
6,823,672
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bessemer Venture Partners
06/26/2018 Series C $26.96MM $xx.xx $163.37MM Invenergy Future Fund, AirTree, Scale Venture Partners, Uncork Capital, Emergence Capital, AngelPad
Price per Share
$xx.xx
Shares Outstanding
7,239,853
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Invenergy Future Fund, AirTree, Scale Venture Partners, Uncork Capital, Emergence Capital, AngelPad
08/24/2016 Series B $20MM $xx.xx $102.73MM Scale Venture Partners
Price per Share
$xx.xx
Shares Outstanding
7,132,413
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Scale Venture Partners
03/31/2015 Series A $9MM $xx.xx $43.63MM Emergence Capital, SoftTech, DataCollective, Angelpad
Price per Share
$xx.xx
Shares Outstanding
6,086,298
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Emergence Capital, SoftTech, DataCollective, Angelpad
09/19/2014 Series Seed $2.09MM $xx.xx $18.5MM SoftTech VC, Data Collective, Red Point Ventures, Draper Fisher Jurvetson, AngelPad
Price per Share
$xx.xx
Shares Outstanding
2,639,508
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
SoftTech VC, Data Collective, Red Point Ventures, Draper Fisher Jurvetson, AngelPad
Updated on: Nov 17, 2024

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