Instafloss

Early Stage

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

Analytics

Raised to Date: 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
possible
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

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: 09/20/2022
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Instafloss on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $15,700,000

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