Instafloss
Early Stage
An automatic, effective, and pain-free floss in 10 seconds
Analytics
Raised: $90,250
Aggregate Commitments $
Platform
Republic
Start Date
09/20/2022
Close Date
01/27/2023
Min. Goal
$300,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$15,700,000
Discount Rate
20%
Rolling Commitments $
Status
Active
Reporting Date
10/05/2022
Days Remaining
114
% of Min. Goal
30%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$6,017
# of Investors
112
Momentum
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Location
North Miami, Florida
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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: 09/20/2022
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Analyst Report
Pending Review