SPONGELLE

SPONGELLE Third Raise on Kickfurther!

Inglewood, CA

http://spongelle.com

Total Raised
$207,540.00
Total Payout
$221,310.00
Instructions

Inventory Inspection Type

6.63% Co-Op Profit Margin $4.59 profit per pack

5.7 MonthsDuration

64%PSC

Purchase Methods

SPONGELLE is back for round 3 after completing a very successful first Co-Op

We have JUST issued the balance payment wire on our second Co-Op on time and Kickfurther has received the wire receipt. 

Despite the unpredictability of external events, 2020 growth has exceeded year-over-year growth expectations with exciting distribution globally in the UK, Japan, Australia, Canada, Italy, France, Benelux, and the UAE, along with high-margin ecommerce sales continuing to grow. We have several large orders to prepare, including a few for a live TV segment along with large volume orders for major subscription box retailers. By 2019 our revenue had grown to 8MM+ of which over 2.2MM+ is high margin ecommerce revenue.

We've just issued the final $200k balance payment on our second Co-Op and want to continue growing with the help of our community and fans.

Spongelle has been around for several years manufacturing and distributing a line of very unique Body Wash Infused Buffers. We have expanded over the years into other categories including Body Lotions, Diffusers, Hand Creams, and Body Souffles. We have several streams of revenue including Direct to Consumer on our website -- www.spongelle.com. We were pleased with our first Co-Op and excited about what we can do going forward. We want to finance the inventory for a few orders, including the same client as previous orders along with other clients we have experience with. We look forward to a growing partnership. We have diversified sales channels, experience with our clients for years, and a track record of success. http://www.spongelle.comMedia Placements 2016 - 2019 Retailers we partner with: Anthropologie, Boxycharm, Massage Envy, Bloomingdale's, Waxing the City, Planet Beauty, Ritz Carlton, Four Seasons Resorts, Hilton Worldwide, FabFitFun

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