Hyge is raising a seed round of $300k at a $2MM valuation to scale up our manufacturing facility, in an opportunity zone located in Grand Rapids, Michigan, to meet the demand of our flagship product: Flushable Wipes on a Roll.
This product has been in development for almost 2 years starting with a successful Kickstarter campaign that grossed $50K in funding.
The product has also gotten attention from a large network of grocery stores and with that Hyge was able to secure a distribution partnership to over one thousand independent stores.
Hyge's Flushable Wipe Roll product and scaling its production to be sold across this network of retail stores is the sole focus of this seed round.
Hyge's also holds a patent over "Strengthening a Biodegradable Substrate using Wax", which allows the Flushable Wipe Roll product to use biodegradable, paper-based materials for it's core and shell and still remain resistant to the soaps used in the wipes.
The minimum acceptable investment is $50,000 and must be able to close within 45 days.
Use-of-Funds: assembly line automation, hiring factory and back-office workers, and raw material orders.
Pitch deck available on request.
Ready to Ask For Funding for your company?
Post a Funding Request