Vitaclean
Early Stage
Triple-filtered showerhead with aromatherapy to improve hair and skin health
Overview
$34,800 - RegCF
$534,800 - Total
$534,800 - Total
Total Commitments ($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
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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