Instafloss

Instafloss

Closed: Jan. 2023

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.

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Investment Overview

Invested this round: $380,570

Deal Terms

Total Commitments ($USD)

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

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,700,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
North Miami, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Eli Packouz
Title
CEO
Founder Name
Ralf Raud

Financials

 Revenue
$56,228
 Monthly Burn
$125,032
 Runway
3 months
Gross Margin
14%

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

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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. 

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
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Add to portfolio
Instafloss on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $15,700,000

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Follow Instafloss on Republic 2022

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