xCraft

xCraft aims to disrupt various industries with its unique drone designs, catering to needs in public safety, defense, surveying/mapping, and more.

xCraft at Shark Tank:

In their pitch, the entrepreneurs initially requested $500,000 for a 20% stake in their company, suggesting a valuation of $2,500,000. The deal concluded with the investors providing a much larger investment of $1,500,000 but for a 25% stake, effectively elevating the company’s valuation to $6,000,000.

This remarkable negotiation outcome not only reflects the investors’ strong belief in the company’s potential but also significantly boosts the financial resources available for growth.

xCraft after Shark Tank:

After their appearance on Shark Tank, xCraft continued to thrive and expand its product offerings. They shifted focus from retail products to manufacturing drones primarily for enterprise and military applications.

The company successfully raised funds through a Kickstarter campaign for their PhoneDrone project, significantly surpassing their initial goal, and secured additional investments from venture capitalists, contributing to a current valuation of approximately $17 million​​​​.