Aggregate Commitments $
Republic
09/20/2022
01/27/2023
$300,000
$1,070,000
$100
SAFE
RegCF
Seed
$15,700,000
20%
Rolling Commitments $
Active
11/02/2022
86
38%
11%
$2,650
171
North Miami, Florida
Healthcare & Pharmaceuticals
HealthTech
B2C
Medium
High
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
Revenue |
$56,228 |
$0 |
COGS |
$48,577 |
$0 |
Tax |
$0 |
$0 |
|
||
|
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Net Income |
$-1,500,388 |
$-688,586 |
Summary Balance Sheet
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