Vitaclean

Vitaclean

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

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Min Investment
$1,000
Location
SECAUCUS, NJ
Offering Date
November 21, 2022
Expected Close Date
January 27, 2023
Target Raise
$25.00K-$1.00M
Website
vitacleanhq.com
Number of Employees
3
Cash
$79,966
Revenue
$546,741
Short Term Debt
$213,732
Cost of Goods
$231,718
Long Term Debt
$36,265
Net Income
$-145,235

Company Description

ProblemMore than 100M Americans suffer from skin issues, many of which can be caused by bad water conditions. Unfiltered water, both hard and soft, carries chlorine, harsh minerals and impurities from dirty, rusty pipes that damage skin and hair. This water can cause weakened hair follicles, flaky skin, psoriasis, eczema flare-ups, and an overall lack of confidence and lack of feel-good in the quality of skin and hair.Product/SolutionVitaclean’s triple-filtered showerheads capture pipe rust, harsh minerals, and dirt. They are infused with vitamin C and essential oils, which can improve damaged skin and hair conditions while providing a spa-like shower experience.TractionVitaclean's improved wellness and spa-like shower experience have made it possible to establish a continuously growing and loyal consumer base. Our focus on the combination of a healthy and therapeutic experience has contributed to our subscription business model achieving a customer retention rate of 70% over a 30-month period. To continue growing our recurring customer base and social media followers, Vitaclean is planning to launch a rebrand in 2023. We worked with a world-class agency, Concrete Design, which has worked with brands such as Amazon Prime, Bite Beauty, Sephora, and more. Concrete helped us develop a cohesive, bold, and gender-neutral look and feel. Our goals are to increase the percentage of male customers from the current 22% of total customers, launch more products to increase customers’ AOV and LTV value, and begin to expand the business into retail. We aim to become a holistic shower wellness brand that offers a full range of products that help people feel and look their best.

Perks

Try Vitaclean

The company is offering potential SeedInvest investors a 30% discount to try their product. Copy and paste the URL below into your browser and use the discount code:"Seedinvest30" at checkout to receive the 30% discount exclusive to SeedInvest users.

https://vitacleanhq.com/

It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment.

Please note that due to share price calculations, some final investment amounts may be rounded down to the nearest whole share - these will still qualify for the designated perk tier. Additionally, investors must complete the online process and receive an initial email confirmation by the deadline stated above in order to be eligible for perks.

Key Deal Facts

Achieved nearly $1.7M in lifetime revenue after launching products in the UK in 2018 and in the US in 2019 and grew revenue 53% YoY from 2020 to 2021 (unaudited)

Established an online customer base of over 17K customers by creating a subscription model with a 70% retention rate over a 30 month period and a YoY subscriber base growth of ~120% with plans to expand into retail

Attained a sales structure with a calculated LTV/CAC ratio of 10.8 ($422 LTV & $39 CAC), a gross margin of 59%, and positive ROI on the first order

VC supported and female founded with key team members including a Head of Growth that helped grow Honey, Dollar Shave Club, and more

Built a social media following of 40K+ and featured in media publications including Vogue, Business Insider, GQ, Cosmopolitan, and more

Management Team / Advisory Board Bios

Stefy Krushkelova
Head of Community

Andres L
Developer

Gavin Carr
Head of Growth, Ex Dollar Shave/Honey/Paypal

Bobby B
SEO, Google Ads and Hair Care expert, Ex Dollar Shave

Tayler M
CRO Specialist helping optimize a best-in-class digital experience

Kerri McDonald / Greenhouse
E-commerce and email/SMS marketing, Ex Glam Seamless / Beauty Industry Group

Samantha Bell
Head of Influencers, Ex Honey Influencer Lead, Ampush Growth Marketing Analyst
Amount Raised : $534,800
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