Float8
About this raise: Float8 is raising funds on Honeycomb. The business is based in Delray Beach, Florida, and offers flotation therapy. Float8 specializes in holistic health and wellness treatments that reduce anxiety, relieve aches and pains, increase focus and creativity, improve sleep, and aid athletic performance and recovery. The floaters reach a deep level of physical and mental relaxation with flotation therapy and get to improve the quality of their lives. Matthew Beck founded Float8 in April 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to refinance high-interest debt.
Investment Overview
Committed : $1,011
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 12/20/2024
- Close Date
- 02/08/2025
$50,000
$100,000
$100
Debt
Pre-Seed
RegCF
14.75%
5.0 years
Company & Team
Company
- Year Founded
- 2016
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +17% YoY
- $1,011,663
- Monthly Burn
- $23,554
-
Runway
- 1.2 months
- Gross Margin
- 97%
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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 |
|---|---|---|---|---|---|---|
| 02/08/2025 | Honeycomb | - | $1,011 | Debt | Active | RegCF |