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Spinster Sisters Co isn't accepting new investments

Spinster Sisters Co’s deadline was September 2, 2021

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Spinster Sisters Co

Apothecary skincare for the modern age wrapped up in a badass, sustainable brand
B2B Food Personal Care Women Founders B2C Crowd SAFE
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Featured image of Spinster Sisters Co
$159,731
638% of minimum goal raised
275
Investors
Successfully funded and closed on September 2, 2021.
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Pitch Updates 26 Reviews 56
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Closed on September 2, 2021. Information may not be up-to-date. Campaign closed on September 2, 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 Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Spinster Sisters, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Spinster Sisters Co Crowd SAFE Spinster Sisters Form C:A.pdf Spinster Sisters Form C.pdf
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Hear from some of the 275 people reserved or invested in Spinster Sisters Co


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Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
Profitable
Company has been profitable for the past 6 months
  • 3.75x growth in DTC and 4.7x growth in natural grocery
  • $1.3M+ revenue in 2020
  • Distributed across 2k+ stores nationwide and online
  • Kickfurther Growth Giveaway and Nexty Award winners in 2020
  • 58% total gross margin YTD in 2021

Problem


Skincare consumers are sacrificing effectiveness to use natural products. They want both.

Many conventional skincare products contain chemicals that are linked to incredibly harmful and life-threatening diseases, including cancer. 

Some natural skincare alternatives simply aren't effective. Plus, some are merely marketed as natural but employ greenwashing techniques to confuse consumers and snare their business. 

Sophisticated shoppers not only want effective, natural products, but also care whether a brand shares their concerns about the planet and works to make a positive social impact. It's not easy to know that with many natural alternatives. 

Solution


Good for you, the planet, and made with ingredients you'll recognize 

Spinster Sisters Co.'s face and skincare products are made in Colorado with high-quality, clean ingredients and a focus on sustainability. We believe in cruelty-free, organic, toxin-free, and most importantly — effective — clean skin and face care. Our products are good for you, good for the planet, and made with ingredients you’ll actually recognize.

Our labels and packaging are clear, from the ingredients to our certifications. We are a Public Benefit Corporation; and we actively work to provide comprehensive transparency to our customers and employees, to stay accountable to the social impact and environmental aspects of our mission.

 

Product


Our natural skincare portfolio

Spinster Sisters Co. offers a variety of categories all packed with clean and sustainable products. It's a simple journey for DTC customers, with just 3 easy steps on the path to better skin: pick a category, browse our catalog, place an order. 

Our natural skincare portfolio includes soaps, lotion & moisturizers, aromatherapy, and personal care.

Natural, sustainable skincare that’s clean, edgy, and badass. And it works.

Clean: It all started with soap produced with clean ingredients. As we grew to include a full lineup of natural skincare products, we maintained a focus on safe, gentle ingredients and a commitment to sustainable practices.

Edgy: From our name to our branding to our innovative formulas, we’re an edgy blend of vintage-inspired modern creations. We bring tried and true old-fashioned, natural ingredients into our modern formulations and package them with our beautifully in-your-face brand design.

Badass: Women-owned, women-led, and women-focused, we’re a badass nimble team looking to take over the skincare market for all genders. Our voice is strong and confident because we constantly and consciously seek to do better every day.

Traction


Winner of the 2020 Kickfurther Growth Giveaway & Nexty Awards

Spinster Sisters Co. products are easy to find with distribution across 2K+ stores nationwide and online. We are proud winners of the 2020 Kickfurther Growth Giveaway and 2020 Nexty Awards.

The year 2020 didn't slow us down at all. Our DTC sales grew by 3.7X; we sold 125K+ units of hand sanitizer, indicative of our consumers' trust in our products and brand mission.

Customers


Our products are spot-on for ingredients-savvy women

Our core retail customer is female, in her 40's and 50's with at least one child, with a household income above the median.  She cares about the environment, spends time outdoors & with her family, and makes savvy, informed purchasing decisions. 

We have sold to thousands of men & women all across the country who praise our products not only for their natural qualities, but also their efficacy. You can find hundreds of rave reviews on our website. 

"We love the mindful Apothecary energy this line brings to our overall collection." ~TheLavenderShop.com 

You can find our products at H-E-B, Kroger, MOMS Organic Market, Coborns, Duluth Trading Co., and more.

Business model


$1.3M+ in 2020 revenue

As of 2021, our YTD total blended gross margin is 58%. We actually forego more favorable margins in the gift channel for a larger market in the grocery and specialty stores industry. We saw $1.3M+ in 2020 revenue and projects.

Annual revenue and expected growth:

Market


US natural personal care market expected to grow at 9.6% CAGR to $3.83B by 2027

Natural personal care has grown 2X faster than the US personal care market growth and is poised to continue its forward march. According to a recent report from Grandview Research, the US Natural Personal Care Market is expected to grow at 9.6% CAGR to a market size of $3.83B by 2027. 

We have been in the game since the 90s, when our founder first started formulating the products that would eventually become Spinster Sisters Co.'s core line. As such, we’ve been able to track the momentum of this market movement and establish ourselves as a core company not only in Colorado, but throughout the US as well.

Source: Grandview Research

Competition


Spinster Sisters capitalizes on strong brand loyalty and engaged customers

Spinster Sisters has grown nearly entirely through word of mouth. Our strong customer base and incredible brand loyalty elevate us above our competition.

We have a 2020 YTD repeat customer rate of 47.91%, our net promoter score is 87, and our brand loyalists self-engage to actively promote and recommend us on social platforms and in reviews. Bain & Co, the source of the NPS system, suggests that above 50 is excellent, and above 80 is world class.

Our social efforts focus on engaging with and organically growing our following, and they tend to react strongly to content that showcases our work at the Microsoapery and our growth as a company.   

Vision and strategy


Manifesting a successful exit for at least $150M

Spinster Sisters Co. envisions successful growth of the business over the next five years with the intention of pursuing an exit opportunity at that time. We look at similar companies in our market space for information on how to structure a successful industry acquisition, targeting at least $150M for our branding and product lines.

Examples of industry acquisitions:

Funding


Raising to expand operations

Spinster Sisters Co. is currently raising $750K at a pre-money valuation of $5.5M. With this funding, we will lease bottling lines and melt tanks, improve profitability through volume ordering of raw materials to meet large retail chain purchase orders, and implement a targeted campaign to increase D2C Business.

Founders


A founder who opted in for passion

Kelly Perkins is an innovator at heart. While excelling at business development in the 90's, Kelly developed a passion for creating safe & gentle soap as a hobby. She started selling her products at local craft shows & the business started taking shape. She took that passion for natural skincare full-time in 2012 and Spinster Sisters was born.

A mission based on sustainability was a given for this outdoorsy Boulder native, and it naturally grew to encompass a focus on social impact as well. Team members were all in, and they rallied around to make sure each product lived up to her standards of being not just safe, but effective. And each retail customer and wholesale partner is always front of mind.

Deal terms


Valuation cap

$5,500,000

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

Discount

20%

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

Minimum investment

$150

The smallest investment amount that Spinster Sisters Co is accepting.
Learn more

Maximum investment

$100,000

The largest investment amount that Spinster Sisters Co is accepting.
Learn more

Funding goal

$25K – $750K

Spinster Sisters Co needs to raise $25K before the deadline. The maximum amount Spinster Sisters Co is willing to raise is $25K – $750K.
Learn more

Deadline
Spinster Sisters Co 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 Spinster Sisters, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Spinster Sisters Co Crowd SAFE Spinster Sisters Form C:A.pdf Spinster Sisters Form C.pdf

Why others invested

See all reviews (0) See all (0)

I met Kelly 20 years ago and have admired her enthusiasm and passion. Kelly is a leader and works to make those around her better which makes it hard NOT to like her. Watching Spinster Sisters grow the past several years has been exciting and inspiring. Watching Kelly lead a small business with innovation and growth in the crazy world that was 2020 demonstrates the quality of products and people worthy of investment.

Profile picture of Sean Sample
Sean Sample
Investor
about 1 year ago

I have watched Spinster Sisters' growth as an employee since our early days as a business, and have seen how deeply committed Kelly is to our mission of removing toxic ingredients from skincare. She was making natural products long before it was trending! Many customers have told me that they love our branding, which is pretty unique compared to other brands and I think will set us apart as we get funding to market the brand on a larger scale.

Profile picture of Jacquelyn Farnsworth
Jacquelyn Farnsworth
Active investor
about 1 year ago

I invested because I like your vision and mission. I love your clean, edgy and badass motto. As someone who has sensitive skin, I am always in search of hypoallergenic, clean products. Yours sounds amazing and I love the story you have behind it.

Profile picture of Stephanie Krishpinovich
Stephanie Krishpinovich
Active investor
about 1 year ago

About Spinster Sisters Co

Legal Name
Spinster Sisters, Inc.
Founded
Jul 2012
Form
Delaware Corporation
Employees
14
Website
spinstersistersco.com
Social Media
Headquarters
Google Map location of of Spinster Sisters Co
301 Commercial Road G , Golden, CO
Headquarters
301 Commercial Road, G, Golden, CO, United States 80401

Spinster Sisters Co Team
Everyone helping build Spinster Sisters Co, not limited to employees

Profile picture of Kelly Perkins
Kelly Perkins
Founder & President + Formula Fanatic + The Dreamer of Dreams
Featured in Superheroes · Read
30+ years Business Development — Innovator at Heart — The Original Spinster Sister
Profile picture of Craig Perkins, PhD
Craig Perkins, PhD
Chief Technical Officer
Scientist, 20+ years specializing in Surface Chemical Reactions, electronic structure, & hybrid organic-inorganic materials PhD in Chemistry – U of I, Chicago
Profile picture of Elliot Begoun
Elliot Begoun
CPG Sherpa
30-year industry veteran, author, Founder of TIG, a customized accelerator focused on helping natural product brands grow. TIG works with entrepreneurs to build nimble, capital- efficient, resilient brands that become tardigrades not unicorns.
Profile picture of Aaron Faust
Aaron Faust
Director of Business Development
7+ years Sales Strategy & New Business Development Expertise Master of consciously leading with business values
Profile picture of Ellen Sample
Ellen Sample
General Manager
20+ years Operations & Team Management Expertise All Around CPG Guru
2 more team members
Kelly Perkins
Founder & President + Formula Fanatic + The Dreamer of Dreams
Craig Perkins, PhD
Chief Technical Officer
Elliot Begoun
CPG Sherpa
Aaron Faust
Director of Business Development
Ellen Sample
General Manager

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Logo of Spinster Sisters Co

Spinster Sisters Co

Spinster Sisters Co successfully raised $159,731 from 275 investors on September 2, 2021
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Profile picture of Anthony Lawrence
Profile picture of Jacquelyn Farnsworth
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Profile picture of Scott Schwartz
Teresa, Anthony, Jacquelyn, Jeremy, Scott, and 270 others invested. 56 Reviews

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