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American Provenance isn't accepting new investments

American Provenance’s deadline was October 6, 2021

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American Provenance

The natural grooming solution for the every-man
Consumer Wellness
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Featured image of American Provenance
$112,401
Raised
162
Investors
Successfully funded and closed on October 6, 2021.
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Closed on October 6, 2021. Information may not be up-to-date. Campaign closed on October 6, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by American Provenance II, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
American Provenance Crowd SAFE American Provenance Form C.docx
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Hear from some of the 162 investors in American Provenance


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$1M+ revenue
Company had over $1M in revenue in the past 12 months
Venture-backed
Company is backed by a venture capital firm
  • $769K revenue in 2019, with ARR projected to be $1M+ in 2021
  • Over $3M in lifetime revenue
  • Sold at 4000+ stores including Whole Foods & Hy-Vee
  • Featured in GQ, Martha Stewart and Real Simple
  • Projected revenue of $4.5M by 2023
  • $1M raised (as of Form C filing date)
  • Recently listed on Target.com

Problem


Conventional personal care products are filled with questionable ingredients

For years conventional personal care products have been filled with ingredients that, after a lifetime of use, build up in the body and can potentially cause health problems. Parabens, phthalates, sulfates, petrochemicals, metals and more have been included in the ingredient lists of many popular products. And no better, the more natural and safer options simply weren’t effective enough for once daily applications. We knew that we could do better, for ourselves and our families.

Solution


American Provenance: designed with health and effectiveness in mind

American Provenance is a company dedicated to creating safe and effective all-natural men's grooming products, deodorants, and skincare applications. All of our products are built around simple ingredients that have been used for generations. There’s no need for science degrees (but we have them) to interpret the ingredient panel. We work with your body, not against it, keeping all our customers looking, and smelling, great all day long. We don't rely on "clever marketing" or custom packaging or "celebrity endorsements" to sell our products. We've always insisted that it's what's inside the product that matters most.

Product


Minimal ingredients, maximum effectiveness

All of our ingredients are minimally processed (straining, melting, distillation, etc.) and independently verified. 

We never use any harsh chemicals, synthetics, artificial ingredients, or lab-manufactured fragrances. We believe in the old adage that “a dab will do” and encourage our customers to use as little as they deem necessary. A swipe or two of our deodorant will be all that you need to stay fresh all day long. 

Our products are made by us, in our own facility, using our own formulations. And let us tell you, that’s very rare in this industry. 

But why does that matter? Using our team means having unmatched quality control and product consistency. Having products made in our facility means that we oversee every step of the process–no contract manufacturing surprises we find 6 months from now. And, using our own formulas, well, that means there’s no other deodorant on the market quite like ours. Keeping everything internal means we not only produce the best products we can, but we also support our local community by providing jobs to our neighbors. Our community has supported our growth, and we couldn’t have come this far without their help.

Not only do we support natural ingredients and our local community but we’re constantly working towards lessening our impact on the environment. While we do use plastic in our product packaging, we developed paperboard biodegradable deodorant tubes long before it was cool to do so. Our Biotubes have been a hit with those customers looking to forgo plastic in their personal care. We also use 100% recyclable glass with some products. For the other products we still package in plastics, we offer a trade-in recycling program through Terracycle and a plastic reclamation program in conjunction with CleanHub. We’re also proud members of 1% for the Planet. 

The AP facility is ISO 9001, ISO 22716 and FDA GMP compliant. 

Traction


Retail and e-commerce presence

American Provenance has come a long way since we first began selling our products locally. We're now selling on over 4,000 shelves nationwide. We made $769K in revenue in 2019, and our expanded brand profile and product traction mean we have projected our ARR to be $1M+ in 2021.  

Customers


Conscious consumers looking to make the right choice for their body

Our customers are people looking to elevate their health in every way possible. We're one of the few stand-out companies that offer an alternative to traditional, potentially harmful men's grooming products and deodorants. Our all-natural adaptive formulations are effective at keeping people smelling great without overpowering a room, leaving stains on clothing, or causing irritating rashes. We’ve run our business with transparency and integrity and our customers have noticed. The amount of 5 star reviews across the board speak for themselves and we've satisfied thousands of consumers all around the country.


Business model


Currently retailing at 4,000+ stores across the U.S.

You can find American Provenance products at 4000+ brick and mortar locations across the U.S., including Whole Foods Market, Hy-Vee and Giant Eagle. Additionally, we have key distribution partners including UNFI, KeHE, Frontier Cooperative, Palko, Lotus Light, and Super Naturals. 

American Provenance products can also be found on prominent e-commerce websites including Amazon.com, Target.com, Walmart.com, and Kroger.com. On our own website (americanprovenance.com) we have an average return customer rate of 67% and average conversion rate of 4.5% - both well above industry averages.  

We have sound unit economics and fair profit margins (net 50%) on all of our products. Manufacturing our own goods allows us to have better control over our costs, inventory management, and sales cycles.


Market


Growing awareness and education is driving the natural products market

In 2018, the global men's grooming and deodorant markets were valued at over $90B. As rising awareness of the importance of avoiding products with harsh chemicals intertwines with the popularity of plant-based products, the natural and organic market is expected to expand. With our current defensible market position we have the opportunity to seize newcomers to the natural and organic space. 

Competition


Our products last 2x-3x longer than competitive brands

A stick of our deodorant typically lasts 2x-3x longer than traditional deodorants. This is because we don’t use water or other fillers that deliberately shorten a product's shelf and use life. We believe in quality and value and our deodorants are actually much more cost-effective by a price-per-swipe comparison. Our key competitive advantages are our long-lasting formulas and unique scent profiles. 

Vision and strategy


Becoming the men's natural grooming solution

With your investment, American Provenance will continue to build a brand reputation and strive to become a household name. We also plan to launch new scents and product lines in the coming year, which will increase brand awareness and customer loyalty.

Funding


$1M raised*

American Provenance raised $1M in two previous rounds of funding. Our investors include Winnebago Seed Fund and Tru Fragrance & Beauty. With funds from this raise, we can support equipment and infrastructure costs, bringing on key hires, expand our brand, and develop new products. 

*as of Form C filing date

Founders


Founded by a former science teacher

American Provenance was founded by Kyle LaFond, a former middle school science teacher. The company originated from Kyle's concern over the questionable ingredients in the brands used by his students. Frustrated by the chemical clouds of product infiltrating the school hallways, Kyle challenged his students to create their own personal care items without harsh chemicals. After years of experiments and improvements to his own formulas, he launched American Provenance from an updated machine shed on his fourth-generation family farm. 

Deal terms


Valuation cap

$4,800,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for American Provenance occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that American Provenance is accepting.
Learn more

Maximum investment

$100,000

The largest investment amount that American Provenance is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
American Provenance needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by American Provenance II, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
American Provenance Crowd SAFE American Provenance Form C.docx

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in American Provenance.
Invest
$250
Receive
  • One deodorant 3-pack
  • One branded hat
Invest
$500
Receive
  • One deodorant 3-pack
  • One gift set
  • One branded hat
  • One branded neck gaiter
Invest
$1,000
Receive
  • One of every current product
Invest
$2,500
Receive
  • One of every current product
  • One of every current branded wearable

About American Provenance

Legal Name
American Provenance II, Inc.
Founded
May 2018
Form
Wisconsin Corporation
Employees
8
Website
americanprovenance.com
Social Media
Headquarters
Google Map location of of American Provenance
2585 Wisconsin 92 Trunk , Mount Horeb, WI
Headquarters
2585 Wisconsin 92 Trunk, Mount Horeb, WI, United States 53572

American Provenance Team
Everyone helping build American Provenance, not limited to employees

Profile picture of Kyle LaFond
Kyle LaFond
Founder
Kyle LaFond
Founder
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American Provenance

American Provenance successfully raised $112,401 from 162 investors on October 6, 2021
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Taylor, Shacheendra, Matthew, Daniel, Jonathan, and 157 others invested. 42 Reviews
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