Vitaclean

Early Stage

Triple-filtered showerhead with aromatherapy to improve hair and skin health

Overview

Raised to Date:
$34,800 - RegCF
$534,800 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

11/22/2022

Close Date

01/20/2023

Min. Goal

$25,000

Max. Goal

$1,000,000

Min. Investment

$1,000

Security Type

SAFE

Series

Seed

Funding Type

RegCF / RegD 506(c)

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/31/2023

Days Remaining
Funded
% of Min. Goal

139%

% of Max. Goal

3%

Likelihood of Max
Funded
Avg. Daily Raise

$590

Momentum
Funded
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Location

Secaucus, New Jersey

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Vitaclean, with a valuation of $5 million, is raising funds on SeedInvest. The company makes and sells triple-filtered shower heads that capture harsh minerals, pipe rust, and dirt. The shower heads protect users’ hair and skin from harmful chemicals and are also infused with vitamin C and essential oils to improve skin and hair conditions while giving a spa-like shower experience. Vitaclean has generated $1.7 million in lifetime revenue, with revenue growth of 53% from 2020 to 2021. Sara Douglas and Kristina Velkova founded Vitaclean in December 2021. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $500,000, and a maximum target of $1 million. The campaign proceeds will be used for marketing, launching a new product line, and developing an interactive customer database.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$546,741

$359,972

COGS

$231,718

$180,175

Tax

$0

$0

 

 

Net Income

$-145,235

$-49,248

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$79,966

$2,522

Accounts Receivable

$264

$1,743

Total Assets

$176,595

$49,809

Short-Term Debt

$213,732

$143,204

Long-Term Debt

$36,265

$47,948

Total Liabilities

$249,997

$191,152

Financials as of: 11/22/2022
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Vitaclean on SeedInvest 2022
$
Platform: SeedInvest
Security Type: SAFE
Valuation: $5,000,000

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