Discover Three Ships Beauty: The Millennial Powerhouse that Raised $1M with a Stellar Pitch Deck
Unveiling the startup success of 2021, let’s dive into the journey of Three Ships Beauty, a vegan natural skincare brand that came to life through the vision of two 23-year-old women. It’s an inspirational narrative for budding entrepreneurs, particularly those in the beauty sector, and serves as a great benchmark for how to craft a winning investor pitch deck.
What is Three Ships Beauty?
Three Ships Beauty marks its territory in the beauty and skincare industry, known for its affordable and vegan products. Its narrative began in 2017 when the co-founders, Connie Lo and Laura Burget, launched their startup with just 4,000 Canadian dollars from personal savings. Driven by the struggle of finding affordable and natural skincare, the duo embarked on a mission to craft solutions themselves. Little did they know, their brainchild would go on to take North America by storm.
Their outstanding journey so far
Three Ships Beauty generated sales just shy of $4 million in Canada and the United States in the past year with a promising forecast of $7 million for 2022. Today, their products are sold online and in hundreds of retailers throughout North America, making their brand a household name among vegan and natural skincare enthusiasts. Their market presence extends to a variety of outlets, including prominent names like Target, Whole Foods, Holt Renfrew, Indigo, and Hudson’s Bay Co.
Pitch deck that won a million
What stands as proof of their unwavering determination is the pitch deck that helped them raise a whopping $1M seed fund in just two weeks. The funding round witnessed participation from Venture Capitalists (VCs), Angel investors, including distinguished investors like the CEO of Dyson.
A Deep Dive into their Winning Pitch Deck
So, what is a pitch deck in business that manages to attract such significant investment in so little time? Let’s take a closer look at what factors made the ‘Three Ships Beauty’ pitch deck a benchmark in startup funding.
1. Clear, Concise, and Compelling Idea:
The very essence of a good pitch deck lies therein its ability to successfully convey the unique selling proposition (USP) of a startup. The Three Ships Beauty pitch deck was commendable in presenting a clear, concise, and compelling idea. It set the brand apart in the beauty industry.
2. Outlining the Problem-Solution:
A successful funding pitch deck articulates a problem and presents the brand as a solution effectively. Highlighting the issues of finding affordable and natural skincare, the pitch deck positioned Three Ships Beauty as the answer.
3. Forecasting Impressive Growth:
Projected $7 million in revenue for 2022, the pitch deck successfully piqued the interest of investors by showcasing expected growth figures.
Entrepreneurs looking to raise funds can draw inspiration from the successful pitch deck strategy applied by Three Ships Beauty. This serves as an excellent example of a pitch deck that not only successfully attracted investors but also bolstered their startup journey.