Connect Wellness
About this raise
Connect Wellness is raising funds on SMBX. It is an outdoor thermal cycle spa in Vancouver, Washington. Connect Wellness provides access to cold plunges, traditional saunas, and hot soaking tubs in a whimsical space that mimics natural hot springs resorts and outdoor spa spaces in different countries. The wellness centre has three wood-fired saunas, six cold plunge tubs, and two hot soaking tubs, and offers six sessions a day, with 22 people per session, seven days a week. Michelle Baker founded Connect Wellness in October 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used for working capital for a second location and further expansion.
Investment Overview
Committed : $48,600
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 05/01/2025
- Close Date
- 06/12/2025
$10,000
$500,000
$10
Debt
Monthly
RegCF
10.25%
5.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +78% YoY
-
$682,817
as of FY2024
- Monthly Burn
-
Profitable
as of FY2024
-
Cash on Hand
-
$24,850
as of FY2024
- Gross Margin
-
86%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/12/2025 | SMBX | - | $48,600 | Debt | Active | RegCF |