Firtal Brands
Razorpit is a patented razor blade sharpener, enabling any blade to last for 60 shaves on average. 500,000 Razorpit sold since 2012.
- Stage $3M in TTM Revenue
- Industry Consumer Products
- Location Aarhus, Denmark
- Currency USD
- Founded January 2009
- Employees 1
- Website razorpit.com
Company Summary
Razorpit is the original and patented razor blade sharpener, making any razor blade last for 60 shaves on average. Firtal Brands is the trademark and patent owner.
- Broad patent issued in Europe
- Broad patent pending in USA
- Registered trademark in a number of jurisdictions
Firtal Brands already made a succes from the Razorpit razor blade sharpener. With a total of $3 million in revenue and $500,000 in EBIT since 2009 we have, not only proof of concept, but proof of business.
We are seeking a $200,000 investment in exchange for 10% equity.
Investment is needed for scaling up growth (doing more of what already works):
- Hiring sales staff
- Developing super efficient retail promotional displays with video screens
- Participating in more tradeshows
Exit opportunities are 5-7 years from now:
- Being acquired by one of the big blade manufactueres
- Being acquired by competitors to blade manufacturers (e.g. Nivea for which we already supply a private label razor blade sharpener)
- Selling a profitable personal care brand. According to CircleUp average exit value is 4.6 times revenue
Team
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