Instafloss

An automatic, effective, and pain-free floss in 10 seconds

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Form C
View on Republic
Security Type
Crowd SAFE
Min Investment
$100
Location
NORTH MIAMI, FL
Offering Date
September 19, 2022
Expected Close Date
January 27, 2023
Target Raise
$300.00K-$1.07M
No. Investors
588
Security Price
$1
Website
instafloss.com
Number of Employees
0
Cash
$378,374
Revenue
$56,228
Short Term Debt
$2,638,260
Cost of Goods
$48,577
Long Term Debt
$150,000
Net Income
$-1,500,388

Company Description

We all hate flossing, especially when we are tired right before bed. The only options are painful, time-consuming, and cumbersome. What’s worse: Even those who floss usually do it ineffectively! It’s no wonder that, despite the health benefits, so many skip flossing.

Key Deal Facts

$2.5M+ in pre-orders (plus 41k individuals on email waitlist)
$950k equity capital raised
5 years of testing with advisors from the ADA, establishing efficacy
Granted utility patents, additional pending
70% of Americans do not floss — Yet. We can change that.
Projecting $16M+ revenue at 66% margin in first year of on-market sales
$6B+ market for current floss that is painful, tedious, & often ineffective

Management Team / Advisory Board Bios

Eli Packouz
Founder, CEO

Dr. Ralf Raud
Founder, CTO

Dr. Ana Mascarenhas B.D.S., Dr.P.H.
Advisor
Chair of the ADA Council on Scientific Affairs, Dr. Mascarenhas advises Instafloss on scientific testing, regulation, and industry acceptance.
Amount Raised : $379,820
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Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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