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Universal Product Company

Rebuilding enterprise retail wholesale purchasing with an A.I. marketplace
Manufacturing B2B Marketplace
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
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Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by Universal Product Company, Inc..
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Highlights


$1M+ raised
Company has previously raised over $1M in capital
Venture-backed
Company is backed by a venture capital firm
  • Unlocking the machine learning buying model for enterprise retail
  • 390% revenue growth 100 days (Sept. $7K, Oct. $29K, Nov. $51K mthly)
  • $635K GMV / $51K revenue in November, with 8% buyer take-rate
  • $30M GMV in retail purchase orders (2021-Present)
  • Projected $1M run rate Q1 2022
  • Fortune 500 customers: Macy's, Ross, Dollar General, Dollar Tree

Problem


Enterprise retail wholesale buying is bottlenecked

There is no effective way for wholesale buyers to scale vendor growth in real-time. Moreover, critical, fast-moving, multi-million dollar buying decisions are made based on information stuck inside data silos. The pain is increasing every day for the enterprise buyer.

  • Legacy systems
  • PDFs not actionable
  • Can’t meet demand
  • Hours wasted every day searching for winning products

Enterprise retail’s current buying
business model is collapsing


In 2021, big box and off-price stores went through the most radical change of our lifetime. Retail has found an updated business model that works, yet no one has built the buyers tools to survive in this new world.

Solution


Real-time wholesale
at retail scale

A private wholesale marketplace using the power of tech, data, and machine learning to connect enterprise retail customers


UPC aims to revolutionize the enterprise retail space. 

Numerous wholesale gateways have been built recently, and proved that customers are willing to pay for efficiency. Each one of them are focused on a specific niche. These companies are going to stay in their swim lanes.

We’re going after the bigger opportunity.

Product


Rebuilding wholesale purchasing

Supplier sales metrics
Retail preferences
Instant negotiation


Seamless data integration
Wholesale’s adoption of ERP systems allows for integration to  happen at scale. The workflows for Enterprise Application Integrations (EAI)


Product identity data
Point-of-sale (POS) data to understand what products sell across department stores, specialty stores, and national chains. Market evolution allows UPC to now capitalize on valuable data.


AI product recommendation
Retail buying needs, matched to product sales metrics, gives the exact product to buy—and why. The product recommendation makes you invaluable to enterprise retail.


Virtual negotiation
Faster purchase order confirmation with instant counter-offers. Auto-negotiation based off a supplier’s sell-limit orders. UPC owns the relationship.  

                   

—
UPC buyer platform results
—

  •  Products seen faster from existing suppliers                      
  •  Products have unique sales metrics tied to them                     
  •  Real-time negotiation                            
  •  Product recommendations sent based on live retail 'open-to-buys'

Traction


Early mover
marketplace metrics


V1 Q1/ Q2 2022: Product market fit
Rapid growth fueled by unlocking pent-up demand


Consistent organic growth
More accurate recommendations = more purchase orders

—
More data, smarter feed, better recommendations
More products ingested = more accurate recommendations



Revenue path
UPC technology catches up to demand



V2 Q3/ Q4 2021: Revenue expansion
Buyer take-rate / GMV last 90 days

*Last 90 Days chart for 2021

Customers


Fortune 500 customers

Business model


Unit economics per order

High transaction value / high frequency marketplace take rate




Cash flow
UPC terms generate significant cash float


Market


Massive fragmented market

Available retail wholesale supply  


200,000+
Suppliers

Competition


UPC is solving the broken enterprise retail buying business model

  • Competitors either don’t carry volume on proven retail-ready products, or don’t solve the ‘time wasted searching’ problem for retail buyers. The specific domain inside of wholesale that can leverage a product recommendation to its fullest is enterprise retail.
  • Each one of UPC's competitors are focused in on a specific niche inside the wholesale world. Different buying personas have unique needs when it comes to software. It’s embedded in their culture, mission statements, and tag lines. These companies are going to stay in their swim lanes.

Vision and strategy


The wholesale exchange

UPC is not just a wholesale marketplace—it’s more than that. We call it a Private Wholesale Exchange, to distinguish it from typical product buying and selling, precisely because we think the problem that we solve is much broader than what happens in the typical marketplace. The right system to solve retails buying problem is private, incorporates the buyer, the seller, and the advantages of a fast moving exchange. The problem we’re solving is highly personalized.

—
Privacy – Buyer – Seller – UPC Exchange
—

  • Privacy:  When building for a customer that is making a 500K buying decision to fill the shelves of 200+ retail stores, there is data sharing trust at play. Pricing, relationships, and competition make privacy a core feature of UPC and any retail enterprise software that wants to achieve scale.
  • Buyer:  Collecting retail buying needs frequently (sub-category, brands, existing relationships) brings an entirely new level to the accuracy in the products that can be shown to buyers.
  • Seller:  Placing sales metrics, and rankings, onto individual products allows you to bring buyers ‘successful products your competition is carrying’—this is the holy grail for a retail.
  •  UPC Exchange:  The point of collecting all this data, and keeping it private, is that it’s not about the products themselves anymore. The products are secondary, the specific data tied to each customer and product is what is important. The data collected (retail preferences, sales metrics) allow you to step in and close purchase orders. UPC is a place for a retail buyer to make wholesale trades inside of a fast moving, high volume, high transaction value exchange.

Funding


UPC has raised $2.5M
since 2020

Universal Product Company, Inc. has been through two prior rounds of funding. We’ve raised a total of  $2.5M+ since 2020, when we first began our seed round. We have raised money from investors including Bee Partners, Nextcoast Ventures, Paul Bohm, Mike Hennessey among others. 


—
Current investors
—

Founders


Murphy

CEO, Founder

"UPC:  We believed that there were no great companies taking on retail wholesales buying infrastructure and seeking truth—so we decided to become that company."

Bio
Career spent as an entrepreneur, driving high growth and successful exits in the retail space.  Founded two previous wholesale companies, acquired by Overstock.com (Nasdaq: OTSK) and (ERI) ERI Direct.  His first company (Independent Rep.) became one of the largest sellers of laptops in the emerging days of e-commerce and was later acquired by Overstock.com (Nasdaq: OSTK).

After founding Liquidation Connect, a pioneering platform for independent sellers to move home and electronics directly into retail, it was quickly acquired by the largest recycling company in the U.S., Electronic Recyclers International (ERI).

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by Universal Product Company, Inc..

About Universal Product Company

Legal Name
Universal Product Company, Inc.
Founded
Apr 2018
Form
Delaware Corporation
Employees
12
Social Media
None
Headquarters
Google Map location of of Universal Product Company
954 Lexington Avenue , New York, NY
Headquarters
954 Lexington Avenue, New York, NY, United States 10021

Universal Product Company Team
Everyone helping build Universal Product Company, not limited to employees

Profile picture of M. Murphy
M. Murphy
CEO Founder
Profile picture of Jason Cline
Jason Cline
Engineering Manager
Profile picture of Harris Brown
Harris Brown
Product Manager
Profile picture of Art Vichurin
Art Vichurin
Lead Engineer
Profile picture of David Oliveria
David Oliveria
Machine Learning Engineer
Profile picture of Amir Elemam
Amir Elemam
Backend Engineer
Profile picture of Leo Bonifacio
Leo Bonifacio
Machine Learning Engineer
Profile picture of Joao Bastos
Joao Bastos
DevOps Engineer
Profile picture of Matthew Evers
Matthew Evers
Frontend Engineer
Profile picture of Vince Santos
Vince Santos
Process Manager
Profile picture of Mike Hennessey
Mike Hennessey
Advisor
Profile picture of John  Merrells
John Merrells
Advisor
11 more team members
M. Murphy
CEO Founder
Jason Cline
Engineering Manager
Harris Brown
Product Manager
Art Vichurin
Lead Engineer
David Oliveria
Machine Learning Engineer
Amir Elemam
Backend Engineer
Leo Bonifacio
Machine Learning Engineer
Joao Bastos
DevOps Engineer
Matthew Evers
Frontend Engineer
Vince Santos
Process Manager
Mike Hennessey
Advisor
John Merrells
Advisor

FAQ

What must I do to receive my equity or cash in the event of the conversion of my Crowd SAFE?

What must I do to receive my equity or cash in the event of the conversion of my Crowd SAFE?

Suppose the Company converts the Crowd SAFE as a result of an equity financing. In that case, you must open a custodial account with the custodian and sign subscription documentation to receive the equity securities. The Company will notify you of the conversion trigger, and you must complete necessary documentation within 30 days of such notice. If you do not complete the required documentation with that time frame, you will only be able to receive an amount of cash equal to (or less in some circumstances) your investment amount. Unclaimed cash will be subject to relevant escheatment laws. For more information, see the Crowd SAFE for this offering.


If the conversion of the Crowd SAFE is triggered as a result of a Liquidity Event (e.g. M&A or an IPO), then you will be required to select between receiving a cash payment (equal to your investment amount or a lesser amount) or equity.  You are required to make your selection (and complete any relevant documentation) within 30 days of such receiving notice from the Company of the conversion trigger, otherwise you will receive the cash payment option, which will be subject to relevant escheatment laws. The equity consideration varies depending on whether the Liquidity Event occurs before or after an equity financing. For more information, see the Crowd SAFE for this offering.

How do I earn a return?

How do I earn a return?

We are using Republic's Crowd SAFE security. Learn how this translates into a return on investment here.

Still have questions? Check the discussion section.

Discussion

Ask questions and share feedback with the Universal Product Company team below. If you have support related questions for Republic, please contact investors@republic.co.
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