Instafloss
About this raise
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.
Investment Overview
Invested $380,570 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $56,228
- Monthly Burn
- $125,032
-
Runway
- 3 months
- Gross Margin
- 14%
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Edge
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.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $700,000
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
01/27/2023 | Republic | $15,700,000 | $380,570 | SAFE | Funded | RegCF |