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Security Type
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SAFE
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Categories
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Other
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Min Investment
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$20
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Offering Date
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July 29, 2020
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Expected Close Date
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October 27, 2020
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Target Raise
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$50.00K-$1.07M
Company Description
Today, there are no good cleaning options for the clothes you love. Laundry causes fading and shrinking with every wash and dry cleaning is too expensive, takes too long, and is unreliable. We built Pristeem to offer people a third option that's gentler than washing and faster and cheaper than dry cleaning. We have raised almost $1M since graduating from Alchemist Accelerator Class 22 last year. With hardware manufacturing, software engineering, and business consulting experience from Uber, IBM, and Pratt & Whitney, we are the perfect team to execute our vision.
Perks
Invest $250+ for Get a Pristeem t-shirt
$500+ Pristeem clothing care kit (branded stain removal pen, lint roller, and more)
$1,000+ Get a Pristeem quarter zip and 100 free cycles automatically added to your Pristeem account when it becomes available to you.
$10,000+ Receive investor updates, a direct line to the founders, and the ability to provide ideas and feedback on a monthly basis. Special visit and demo of the product if you ever find yourself in NYC.
Invest $250+ for Get a Pristeem t-shirt
$500+ Pristeem clothing care kit (branded stain removal pen, lint roller, and more)
$1,000+ Get a Pristeem quarter zip and 100 free cycles automatically added to your Pristeem account when it becomes available to you.
$10,000+ Receive investor updates, a direct line to the founders, and the ability to provide ideas and feedback on a monthly basis. Special visit and demo of the product if you ever find yourself in NYC.
Key Deal Facts
Cleaned 1,000+ outfits — 200+ users, 70% retention, 4.9/5 customer satisfaction, 84 NPS
2 7 signed contracts with residential and commercial property management companies (20+ properties)
3 Backed by Alchemist Accelerator (#1 B2B). Raised $915K from top angels and a hardware VC in NYC.
4 Moderne Ventures Passport Program - Premier PropTech VC
5 Founding team has previously worked at Uber, IBM, and Pratt & Whitney.
Management Team / Advisory Board Bios
Naren Inukoti
Founder & CEO
Developed backend for UberEATs courier experience in the new driver app.
Rahul Sheth
Founder & COO
Co-founded CoachCam, a smart camera that used CV/ML to track your movements & performance.
Vishva Somaya
Founder & CTO
Manufactured airplane engines for Pratt & Whitney.
