Odyssey Science

Odyssey Science

Beauty & Wellness Brand driven by innovation, caring for YOU and our PLANET

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Security Type
SAFE
Categories
Consumer Goods & Products
Min Investment
$100
Location
Swansea, MA
Offering Date
October 30, 2020
Expected Close Date
February 26, 2021
Target Raise
$50.00K-$107.00K

Company Description

Odyssey’s brand of beauty and wellness products are manufactured to achieve and maintain the highest level of product EFFICACY, STABILITY, and SAFETY, increasing product performance and consumer experience. Product failure and waste are significant problems with beauty and wellness and all other topical products. Formulations of any kind including natural and clean products will degrade WITHOUT our ESP technology, a manufacturing and packaging process that eliminates light and oxygen. In 5 years, we hope to achieve revenues of more than $50M and EBITDA of 25%. This will position us to achieve a liquidity event for our shareholders based on prevailing revenue multiples in the beauty industry. From a technology position, we hope that our ESP technology will become the accepted manufacturing standard for products made that have maximum efficacy, stability, and safety. These are forward looking projections and are not guaranteed.

Perks

Invest $1,000+ for 5% product discounts for 12 month period. Not to be combined with other sales programs.
$10,000+ 10% product discounts for a 12 month period. not to be combined with other sales programs.
Invest $1,000+ for 5% product discounts for 12 month period. Not to be combined with other sales programs.
$10,000+ 10% product discounts for a 12 month period. not to be combined with other sales programs.

Key Deal Facts

FIRST and ONLY revolutionary, green manufacturing technology that preserves efficacy and stability.
Our superior technology eliminates preservatives and wasteful, shortened product shelf lives.
Leadership team has over 90 years of experience in the CPG (pharma & OTC), and waste industries.
Development team has launched over 50 products with cumulative revenues exceeding $600 million.
Our technology has significant applications beyond our target markets, including food.
Our custom built formulation and filling line is used EXCLUSIVELY to make our products in the USA.
Industry leaders in product safety and sustainable and recyclable packaging.
We compete in a $400 Billion and growing market with products that include CBD Hemp-Based offerings.

Use of Proceeds

$50,000

  • Sales and Marketing 46%
  • Inventory 20%
  • R & D 17%
  • Wefunder Fees 7.5%
  • General and working capital 9.5%

$107,000

  • Sales and Marketing 46%
  • Inventory 20%
  • R & D 17%
  • Wefunder Fees 7.5%
  • General and working capital 9.5%

Management Team / Advisory Board Bios

Michael Brower
Co-Founder, CFO and COO
Michael has over 30 years of experience in diverse consumer product markets including beauty. Successful exits with Odyssey Golf (from startup to # 1 global brand and sold to Callaway Golf), Led IPO with Spy Optics/Orange 21.

Robert Munroe
Co-Founder, CEO
Robert has over 25 years of experience in the pharmaceutical testing industry. Co-Founder of Founders Science Group. Prior experience includes directing QC and R&D groups for Bausch & Lomb, Valeant, sold to Valeant for $450M), Teva, and Collegium.

Ronald Gurge
Co-Founder, Chief Product Officer
Ron's experience includes the development of Antiperspirants / Deodorants, Shaving Preparations, Tooth Whiteners, Cosmetics and prescription products for Dry Skin, Acne and Atopic Dermatitis, several that were category leaders.

Walter Larsen
Co-Founder, VP and GM
Walter has 24 years of experience in the waste management and recycling industries as the GM of advanced recycling facilities and Director of Facilities Maintenance for Browning-Ferris Industries, Allied Waste, FCR Recycling, Casella Waste Systems.
Amount Raised : $13,550
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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