'Shark Tank' Officially Offers to Invest $100 Million. Here Are Its 8 Biggest On-Air Deals
February 24, 2017
xCraft is one of the biggest deals in Shark Tank history.
xCraft
Powerful Flying Machines
Regulation Crowdfunding
Coeur d'Alene, ID
Consumer Products
US Investors Only
We're back! Join the 1,184 investors who helped us raise over $1M on StartEngine last year.
Changing the World and Saving Lives with Drone Technology
Invest in xCraft
With a polished business model, a new line of products, and an expanding market, we believe xCraft is set to create a lasting legacy in UAV technology and beyond. Last year’s record-breaking campaign on StartEngine allowed the company to grow up into a mainstay custom and commercial US-based drone developer. xCraft’s reach goes beyond the consumer market to enterprise, defense, and humanitarian applications.
xCraft was born when co-founders JD Claridge and Charles Manning launched an initial crowdfunding campaign on Kickstarter to fund xCraft's flagship product, the X PlusOne. We managed to triple our goal in that campaign and went on to build one of the most powerful and unique consumer drones on the market.
From there, xCraft made a splash on ABC's Shark Tank when all five sharks came on board to form a syndicate and make a deal worth $1.5 million. Last year, xCraft launched a campaign on StartEngine that reached the $1.07 million maximum allowed under Reg-CF. The campaign filled up quickly with 1,184 investors coming on board. Now, we are back for more.
We believe these milestones indicate the importance of the technology that xCraft develops. People not only believe in the tech, but they also believe in the vision for the future.
The Offering
Investment
$3.56/share│When you invest, you are betting the Company’s future value will exceed $18.2 million.
Growing Into Our New Business Model
Over the past year, we have fine-tuned our work as a custom drone developer and made a big push into the commercial sector. While emergency response is one of our first forays into drones with professional uses, it is certainly not the last.
Along with innovating new technology comes finding ways to apply that technology to different industries. We at xCraft have a vision for how we want drones to create a positive impact in many fields. While the possibilities are virtually unlimited, below are a few examples of where we see our technology headed.
Custom Drone Development
Our current project...First iZ: First Eyes for First Responders
What if there was a way to let first responders see what is happening at a fire, an accident, a shooting, or other incident…before they get there? First iZ is a drone system that will be programmed to autonomously fly to incidents at 60+mph, send live video while in transit, sniff for hazardous gases, hover while still sending live video, and allow commanders to know what they are facing before they dispatch vehicles and people. The First iZ project is owned by Phirst Technologies, LLC, 25% of which is owned by xCraft.
Commercial Applications: x2 Pro
Precision at your fingertips
Our goal in creating the x2 Pro was to create something that is highly effective in data collection, easy to use, and can be an everyday workhorse. It takes off and lands vertically, yet travels forward in flight, giving it the endurance of a fixed-wing aircraft. The drone has an extended range and can fly 60+ mph. This combination of capabilities allows for data collection over large areas in record time. It also flies autonomously, so just program the flight pattern and press go!
The xCraft Difference
Speed
With our next generation of UAV platforms, xCraft engineers are breaking the 100 mph barrier.
Cellular
xCraft's patented technology allows unlimited connectivity.
Range
Industry-leading mapping coverage.
VTOL
The Vertical Takeoff & Landing capabilities of xCraft drones gives them an edge over the competition.
Commercial drones and autonomous aerial vehicles have great potential. With your investment and our technology and ingenuity, xCraft aims to change the world.
Applications
Mapping
With increased endurance and speed, xCraft drones offer high resolution images for clients looking to map and collect data of large areas.
Agriculture
Drones can be used to help farmers maximize their yields and develop new methods of sustainability in fields all around the world.
Security
Drone technology can be used by individuals, businesses, institutions, and government agencies to provide tighter and more efficient security.
Emergency Response
Drones can put eyes and ears in the sky, helping first responders to offer superior assistance to those who are in the most dire need during the first critical minutes of an emergency.
The Present and the Future of the Drone Industry
"You guys are going to own this market."
Kevin O'Leary AKA "Mr. Wonderful"
Speaking to JD and Charles on "Shark Tank"
The Opportunity Ahead
Between now and 2020, we forecast a $100 billion market opportunity for drones—helped by growing demand from the commercial and civil government sectors.
Source: Goldman Sachs Research
Military
Drones got their start as safer, cheaper, and often more capable alternatives to manned military aircraft. Defense will remain the largest market for the foreseeable future as global competition heats up and technology continues to improve.
Source: Goldman Sachs Research
Consumer
The consumer drone market was the first to develop outside the military. Demand has taken off in the last two years and hobbyist drones have become a familiar sight. There is still plenty of room for growth.
Source: Goldman Sachs Research
Commercial/Civil
The fastest growth opportunity comes from businesses and civil governments. They're just beginning to explore the possibilities, but we expect they'll spend $13 billion on drones between now and 2020, putting thousands of them in the sky.
Source: Goldman Sachs Research
Source: Goldman Sachs Research
Source: Goldman Sachs Research
Invest in xCraft
xCraft is in an even better and stronger position than we were when we first went on Shark Tank and last year when we launched our first campaign on StartEngine. We intend to use the funds raised from this new campaign to meet the ever-expanding demand of UAV production. We will add resources to R&D, expand our product line, and offer full support for First iZ and upcoming development projects. We have a very purposeful mission and are working hard to leave a legacy. We believe the drone industry is still young but nevertheless expanding quickly, and the commercial possibilities are unlimited. We aim to push the boundaries.
Our core values drive innovation and expect excellence. We seek to bring positive change to the world, and we want you to join us.
In the Press
Best Shark Tank salespitch ever: The $300 iPhone/Android drone
October 30, 2015
In case you missed it, a young aerospace engineer and a veteran software developer taught a master class in entrepreneurship on prime time television last week.
Drone manufacturer XCraft thriving after Shark Tank appearance
January 1, 2017
XCraft is proving that if you build a better drone, the world will beat a path to your door. Based in Sandpoint, Idaho, XCraft’s fall appearance on the ABC TV show “Shark Tank” and two successful Kickstarter campaigns mean the startup company has plenty on its plate.
US Marine Corps performs Hive Final Mile UAV concept demonstration
March 15, 2018
The US Marine Corps (USMC) demonstrated a capability it calls Hive Final Mile (HFM) where it wants to autonomously deploy a group of small quadcopter-style unmanned aerial vehicles (UAVs) and deliver small supplies such as food or ammunition to marines on the field.
Offering Summary
Maximum 150,280 shares* of Class B Non-Voting Common Stock $534,996.80
Minimum 2,808 shares of Class B Non-Voting Common Stock $9,996.48
| Company | xCraft Enterprises, Inc. |
| | |
| Corporate Address | 418 E Lakeside Ave, Suite 08 Coeur d'Alene, ID 83814 |
| | |
| Description of Business | xCraft develops and manufactures small, powerful flying machines for custom, commercial, and consumer applications. |
| | |
| Type of Security Offered | Class B Non-Voting Common Stock |
| | |
| Purchase Price of Security Offered | $3.56 |
| | |
| Minimum Investment Amount (per investor) | $178.00 |
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$772,783.00
USD
$483,629.00
USD
Cash And Cash Equivalents
$33,232.00
USD
$92,147.00
USD
Accounts Receivable
$163,003.00
USD
$67,882.00
USD
Short Term Debt
$868,325.00
USD
$788,420.00
USD
Long Term Debt
$265,322.00
USD
$49,477.00
USD
Revenues And Sales
$1,051,123.00
USD
$137,136.00
USD
Costs Of Goods Sold
$47,806.00
USD
$163,812.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$263,344.00
USD
-$728,885.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Notice of Material Change in Offering
21 days ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the xCraft offering. Here's an excerpt describing the specifics of the change:
Xcraft has extended the end date of their offering by 60 days
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
$380K and climbing!
about 1 month agoWe are so excited about the recent growth of our StartEngine Campaign. We are now pushing the $400k mark. Thank you to all who have made that happen!
The shop has been bustling with activity lately. We've recently brought on several new engineers and are full-tilt on the First iZ beta design. Here's some shots of the team in action.
There are only 12 days left in our campaign. We'd love to see more names on the investor list before we have to wrap up! We hope you will consider making an investment in the future of flight!
All the best,
-Team xCraft
Notice of Funds Disbursement
about 1 month ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, xCraft has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in xCraft be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Notice of Funds Disbursement
about 1 month ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, xCraft has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in xCraft be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Notice of Funds Disbursement
about 2 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, xCraft has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in xCraft be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
We've raised over $300K!
2 months agoWe're excited to announce that xCraft has raised over $300,000 on StartEngine! Thank you to all the investors who have helped us achieve this milestone.
If you haven't invested yet, we'd love to see your name on the shareholder list.
Our CEO, JD Claridge was recently featured on WeStrive Podcast talking about drones and the future of urban air mobility. Check it out here: https://anchor.fm/westrive/episodes/18-All-5-Sharks-Deal--Drone-CEO--JD-Claridge-e3onrm
Upward!
-Team xCraft
Notice of Funds Disbursement
2 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, xCraft has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in xCraft be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Notice of Material Change in Offering
3 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the xCraft offering. Here's an excerpt describing the specifics of the change:
xCraft Enterprises, Inc. has extended its campaign and added its 2018 financials.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Join xCraft in Chicago!
3 months ago
Notice of Material Change in Offering
3 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the xCraft offering. Here's an excerpt describing the specifics of the change:
Xcraft is extending the end date of their campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
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