Instafloss

Instafloss

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

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Security Type
Crowd SAFE
Min Investment
$100
Location
NORTH MIAMI, FL
Offering Date
September 19, 2022
Expected Close Date
January 27, 2023
Amount Raised
$96,000
Target Raise
$300K-$1M
No. Investors
128
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

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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