6D Tape Inc. has developed an active patented therapy tape to help doctors, therapists and patients in treating scars, edema, swelling and pain.
Traction and Ask
With €107k net annual revenues in 2022 (+23% YoY), positive net profit, 20+ distributors, and customers such as Helsinki University Hospital in Finland and Saint George Hospital & Kendall Lymphology Center in the UK, 6D Tape is now looking to raise €300k pre-seed funding. The ideal investor would have expertise in the medtech and healthcare sector in Europe. The investment is needed to:
- Scale up sales of the current product range by reaching 17,700 more customers, 50 country distributors, 10,000 dealers in Europe and in the USA and €2,2M net revenues by Q4 2025.
- Validate the new automated 6D Tape Pro and enter new markets in Europe, Japan and USA.
- Strengthen the team with one new hire in sales and digital marketing.
Market, Business Model, Financials and Team
Founded in 2016 in Espoo, Finland, 6D Tape Inc. is poised to capture a significant share of the global Scar, Edema and Pain within physiotherapy and lymphatic therapy market worth €24B (10% CAGR/Year).
6D Tape is monetizing mainly through a consumable business model charged to distributors, hospitals & therapy centers and private patients. Revenue growth is projected at 350% in 2024, (breakeven in Q4 2024), reaching €30M by Q4 2028.
Current 6D Tape team of 2 co-founders, 1 full time and 2 part-time employees, combines 50+ years of commercial, clinical and medtech expertise.
Key USPs versus competitors like passive compression garments, passive kinesiology tapes, passive scar silicone sheets and non-wearable devices are: high efficiency with wearable & active 24/7 treatment, >10x cost advantage, and patent protection in the USA, Japan and in Europe.
At a €3M pre-money valuation, 6D Tape aims to close this pre-seed round by December 31, 2023. Some minority investors have already committed to join with €6,2k. The minimum investment ticket size is €15k.
6D Tape has previously raised €881k in private capital, loans and grants from Business Finland, European Union and banks to develop its current product range and the new automated 6D Tape Pro, which means that, after this investment round is secured, 6D Tape is fully ready for international commercial uptake. 6D Tape is seeking to exit in 5 years at a target valuation of €21-30M (7-10x return of investment).
Get in Touch
Tapani Taskinen (Founder, CEO) and the other founders are speaking with potential investors over the next few weeks and are keen to pitch, demo and open up their KPIs and financial plans in detail. Please let me know if this is of interest and I will arrange an introductory call.