# Clutch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clutch

- Industry: Consumer Products
- Headquarters: Durham, US
- Website: www.carpelotion.com
- Total disclosed funding: $2.3M
- Latest round: Seed (Apr 16, 2018)
- Investors on record: 6

## About

Clutch, Inc. operates as a personal care brand under the Carpe® label, specializing in antiperspirant solutions that effectively manage excessive sweating, providing targeted comfort and freshness for its users.Founded in 2015, Clutch, Inc. is based in Durham, US, and focuses on developing antiperspirant products for individuals experiencing hyperhidrosis. The company has completed 2 deals, with the most recent funding round being a Seed round in April 2018 that raised USD 2.3 mn from investors including Carolina Angel Network and Duke Angel Network, along with participation from LaunchCapital, Rubicon Venture Capital, and Triangle Angel Partners. David Spratte and Kasper Kubica founded the company, with David Spratte also serving as CEO.Carpe® is a personal care brand that specializes in antiperspirant solutions aimed at combating excessive sweating, also known as hyperhidrosis. Their product line includes an Underarm Stick, Face Primer with SPF, and various body powders, all designed to provide long-lasting sweat control and enhance user comfort. Carpe® serves a customer base that includes adults facing perspiration issues in various situations, primarily targeting North America and select international markets.Carpe® follows a subscription-based revenue model, which allows customers to receive regular deliveries of individual products and bundles. This model promotes convenience and cost savings, offering discounts on initial orders and free shipping on follow-up deliveries. The company engages directly with consumers through its online platform, emphasizing customer satisfaction with a money-back guarantee for their trademarked products.Clutch, Inc. plans to leverage the recent Seed funding of USD 2.3 mn raised in April 2018 to enhance its product offerings and expand its market reach. The company is designing new products aimed at improving sweat management solutions, with specific details on release dates to be announced. Additionally, they aim to expand into new geographic regions beyond North America, focusing on international markets to diversify their consumer base and grow revenue.

## Funding rounds

- Seed, Apr 16, 2018, $2.3M — LaunchCapital, Triangle Angel Partners, Rubicon Venture Capital, Duke Angel Network, Carolina Angel Network
- Seed, Jun 1, 2015 — Aiglon Capital

## Investors

- Aiglon Capital (https://capitalatlas.ai/funds/aiglon-capital) — Seed
- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Seed
- Triangle Angel Partners — Seed
- Rubicon Venture Capital (https://capitalatlas.ai/funds/rubicon-venture-capital) — Seed
- Duke Angel Network — Seed
- Carolina Angel Network (https://capitalatlas.ai/funds/carolina-angel-network) — Seed