Instafloss

Instafloss

Early Stage

An automatic, effective, and pain-free floss in 10 seconds

An automatic, effective, and pain-free floss in 10 seconds

Overview

Raised this Round: Raised: $380,570

Total Commitments ($USD)

Platform

Republic

Start Date

09/19/2022

Close Date

01/27/2023

Min. Goal
$300,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,700,000

Discount

20%

Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

North Miami, Florida

Business Type

Growth

Instafloss, with a valuation of $15.7 million, is raising funds on Republic. The company has developed its multi-jet water flosser that makes flossing a pleasure. The flosser of Instafloss is fast, comfortable, effective and aims all the jets at correct angles for efficient flossing. Instafloss has over $2.5 million in pre-orders and projects to reach more than $16 million in revenues at a 66% margin in the first year of sales. Eli Packouz and Dr. Ralf Raud founded Instafloss in November 2018. The current crowdfunding campaign has a minimum target of $300,000 and a maximum target of $1,070,000. The campaign proceeds will be used to launch more products, expand partnerships, and hire additional team members.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$56,228

$0

COGS

$48,577

$0

Tax

$0

$0

 

 

Net Income

$-1,500,388

$-688,586

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$378,374

$1,056,936

Accounts Receivable

$0

$0

Total Assets

$407,008

$1,140,798

Short-Term Debt

$2,638,260

$1,800,163

Long-Term Debt

$150,000

$150,000

Total Liabilities

$2,788,260

$1,950,163

Financials as of: 09/19/2022
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In the early ’60s, the water flosser was invented as a string floss alternative. Water flossers use a powerful and steady stream of water to remove food and bacteria that can turn into plaque on the teeth. Traditional water flossers have a single jet stream that should be used at a 90 degree angle to the tooth. But for hard-to-reach teeth, that isn’t easy to do. Individually water flossing each tooth can be time consuming and ineffective (if done at the wrong angle).

Founder Eli Pakcouz believed that this process could be drastically improved. Over five years of research and development, he and his team came up with Instafloss — a really cool device that anybody can master within minutes. 

Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
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Instafloss on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $15,700,000

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