Williams: Red Drop raised only $274k before first institutional check
Monica Williams · Women-Led Startup Funding: Will Investors Bet on This $5M Bootstrapped Feminine Hygiene Brand? · Apr 17, 2024 · at 17:46
Founder Monica Williams discloses Red Drop's historical funding to investors after securing an investment commitment on The Pitch.
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“This is our first institutional investment ever. Like we bootstrapped... We've only raised two 74.”
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More from Monica Williams
Williams: RedDrop will reach $100M revenue within three years
“I have no doubt that we will be
Eight figures in 18 months, and nine figures in probably 24 to 36 for sure.”
Williams: Red Drop generated $5M total revenue, $3M last year
“We've generated five million dollars in revenue since our launch in 2021, three million dollars last year”
Williams: Legacy teen pad brands just repackage adult size-one pads
“Well, to your point, Beck, there's, honestly, there's only one tween brand. If you go into the store, there's always Kotex and Stay Free. They have a teen brand. If you open the package, It's a size one adult pad. It doesn't fit. That isn't tween, that's teen.…”
Williams: Red Drop is raising a $500,000 seed round
“I'd love to invite you to join a five, I'm sorry, 500,000 dollar seed round that we're raising for scale”