Vansanity

Vansanity

Cloud Med Spas - Aesthetic practitioners rent medical workspace on demand

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Security Type
SAFE
Categories
Other
Min Investment
$20
Location
Boston, MA
Offering Date
May 02, 2020
Expected Close Date
July 31, 2020
Target Raise
$250.00K-$1.07M
Deal Notes

20% discount

$25K+ pro rata right threshold

Company Description

We rent space and machines to med spa professionals on an hourly basis so they have little or no fixed costs or overhead. We remove fixed investment and location risk from their business.

Perks

$500+ for Site visit
$1,000+ Bring their practitioner to Vansanity and receive a free room rental for their procedure

Key Deal Facts

Management team. Founder was C-level exec and on IPO of Shopping.com with Goldman Sachs and subsequent sale to eBay for ~$675 million.
Large (~$12 billion) and fast growing market segment (>10% CAGR).
Ideal characteristics for "cloud" business; meaning rentable, scalable and on-demand med spa facility for practitioners.
Similar aesthetic markets, like hair care (~$45 billion) is almost 20% booth rental.
Patient/Practitioner relationship is ideal for rental. The practitioner owns the patient relationship.
Lead investor, Dr. Mike Tantillo: plastic surgeon, MD/MBA and a multiple location spa owner; every perspective to evaluate this opportunity.

Use of Proceeds

If $250,000 is raised:

90% towards sales, marketing and operations; 7.5% toward Wefunder intermediary fee; 2.5% Misc

If $1,070,000 is raised:

80% towards towards sales, marketing and operations, including expanding our geographic footprint and increasing our existing footprint in Boston; 7.5% towards Wefunder intermediary fee; 2.5% Misc; 10% capital equipment

Management Team / Advisory Board Bios

Ignacio Fanlo
Founder
First 12 years of career as Managing Director at JP Morgan & Morgan Stanley. 15+ years in tech startups. President; CRO at Shopping.com IPO & sale to eBay (~$675M). Studied Engineering at Princeton University.

Danny DeMarco
Co-Founder and Head of BD
Top 3 salesperson for Sciton 3 years running

Blake Moser
Co-Founder and Head of Marketing
12+ years as founder and owner of medicalrecruting.com; a top online national medical recruiting firm

Deal Notes

20% discount

$25K+ pro rata right threshold

Amount Raised : $2,164,422
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Security Description

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