Dronedek, known for its “mailbox of the future” that will provide secure receipt of autonomously and traditionally delivered packages, has launched a crowdfunding round on the Kevin O’Leary-advised platform, StartEngine.com.
In just 24 hours, Dronedek raised more than $110,000 from investors eager to help the Lawrence-based company produce units to be distributed through the US. It was the second-highest trending opportunity on the site.
Founded by Dan O’Toole, Dronedek has already raised more than $7 million through crowdfunding and other investments and plans to create a new market category called MaaS, or mailbox as a service.
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“We’re big fans of Kevin O’Leary and as we work toward rolling out thousands of Dronedek units next year, we thought it was the right platform for us to continue to raise money,” O’Toole said. “We’ve just been inundated with major delivery outlets and others wanting to learn about the company and work with us, so we’re kind of pumped, to tell you the truth.”
The company is offering participants a 20 percent Early Bird share price discount for the first 10 days of the raise on StartEngine.
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One example of outside interest in Dronedek comes from the May 2022 Association for Unmanned Vehicle Systems’ International Xponential conference, billed as the only gathering for leaders and end users in every industry to share use cases, experience new technology, strike up new partnerships, and solve real problems. O’Toole said his team was busy from start to finish at the show, which bolstered his already strong belief that drone delivery is coming faster than most consumers expect.
“We were ahead of the pack in securing patents for our smart mailbox, and we intend to be first in line for offering the solution to how folks are going to receive autonomous delivery,” O’Toole said. “People are used to traditional mailbox and porch delivery, which is ripe for theft and doesn’t offer anything to protect their packages. With Dronedek, they can safely and securely receive anything from ordinary mail to prescription medicine, and it will wait for them to get home. It’s a solution everyone needs.”
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