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.
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
|