Closing our campaign to pursue Seed financing
Hi Everyone,
On behalf of the CountertopSmart team, I’d like to thank everyone who has taken an interest in our crowdfunding campaign. Republic has, for the first time, provided us with an opportunity to present our company to the investing public and we’ve been overwhelmed by the support you’ve shown us— through your reviews, your engagement on the discussion boards, and the investments you have made to further our mission. Your support for CountertopSmart has been both humbling and electrifying.
As many of you have noticed, CountertopSmart has decided to end our crowdfund campaign early in order to pursue Seed round financing. With your support, we have accomplished the goals that we set out to achieve in Q1, and based on the current level of interest we’re receiving from institutional investors, we believe that the time is right to begin a capital raise to fund the next stage of our company’s growth.
Here are several examples of what your investment has allowed us to achieve in Q1:
- Rate of new inventory uploads: +60%
- Per Unit OPEX of inventory uploads: -45%
- Digital Customer Acquisition Cost (all channels): -39%
- Streamlined UX pushed to production on 3/25
- Streamline upload app pushed to production 3/28
- Focus/test market (Austin) GMV YoY:
- Jan. +17%
- Feb. -35% (a result of the Texas Winter Storm)
- Mar. +71%
As of this post, 5 days remain in the shortened crowdfund and we’ll continue to accept all investment throughout the duration of the campaign. Given the abbreviated investment timeline, I’ll do my best to expedite responses to all questions posted on the discussion board. Thank you again!