Michigan-Based Life Boost Closes Funding Round to Bring Tespo to Market
Poster: SySAdmin
Posted on March 7, 2016 at 12:00:01 PM
Michigan-Based Life Boost Closes Funding Round to Bring Tespo to Market
NORTHVILLE, Mich., March 7, 2016 /PRNewswire/ -- Life Boost, a health and wellness technology company, has closed a $1.25 million Series D capital raise to support the launch of Tespo, a proprietary system similar to a single serving coffee maker that holds an entire month of nutritional supplement servings in one fully recyclable disc.
https://photos.prnewswire.com/prnvar/20160307/341074
"Our offering was significantly oversubscribed and we closed within three weeks of opening the round," said Ted Mills, co-founder of Life Boost. "We are in discussions to take in additional capital due primarily to the caliber of people involved and interested in Tespo."
The Tespo systems delivers on a simple vision: to eliminate pills forever and elevate quality in nutritional supplements by providing liquid formulas with only premium active ingredients -- no additives, fillers or other unnecessary ingredients. The system also delivers a nearly 90% absorption rate versus just 20% in pill form.
"We know that consumers have pill fatigue, and yet there are no convenient, quality-based nutritional supplement alternatives for consumers," said Life Boost co-founder Jeff Linton. "The only scalable product offered by the industry today are gummy vitamins, but if you look at the active ingredients and sugar content in a gummy, you have to ask who is winning in this scenario. Today's consumers are incredibly savvy and they are seeking alternative products that provide real benefits."
Tespo commenced a pre-sale in November 2015 and is launching with five product offerings initially.
"Our early adopters have been using Tespo for three months now and the feedback has been incredibly positive," said Mills.
About Life Boost, LLC
Life Boost is the maker of Tespo, a consumer direct, subscription-based vitamin system providing customers with a monthly supply of nutritional supplements in a single 4-inch diameter disc that is inserted into the proprietary Tespo dispenser, which then modifies mixing time and water based on the type of disc being utilized. For more information, visit http://www.gettespo.com.
Photo - http://photos.prnewswire.com/prnh/20160307/341074
SOURCE Life Boost, LLC
Photo:https://photos.prnewswire.com/prnh/20160307/341074
http://photoarchive.ap.org/
Photo:https://photos.prnewswire.com/prnh/20160307/341074
http://photoarchive.ap.org/
Life Boost, LLC
CONTACT: Justin Near, Near Perfect Media for Life Boost, 248-855-4300 ext. 1
Web Site: https://gettespo.com
NORTHVILLE, Mich., March 7, 2016 /PRNewswire/ -- Life Boost, a health and wellness technology company, has closed a $1.25 million Series D capital raise to support the launch of Tespo, a proprietary system similar to a single serving coffee maker that holds an entire month of nutritional supplement servings in one fully recyclable disc.
https://photos.prnewswire.com/prnvar/20160307/341074
"Our offering was significantly oversubscribed and we closed within three weeks of opening the round," said Ted Mills, co-founder of Life Boost. "We are in discussions to take in additional capital due primarily to the caliber of people involved and interested in Tespo."
The Tespo systems delivers on a simple vision: to eliminate pills forever and elevate quality in nutritional supplements by providing liquid formulas with only premium active ingredients -- no additives, fillers or other unnecessary ingredients. The system also delivers a nearly 90% absorption rate versus just 20% in pill form.
"We know that consumers have pill fatigue, and yet there are no convenient, quality-based nutritional supplement alternatives for consumers," said Life Boost co-founder Jeff Linton. "The only scalable product offered by the industry today are gummy vitamins, but if you look at the active ingredients and sugar content in a gummy, you have to ask who is winning in this scenario. Today's consumers are incredibly savvy and they are seeking alternative products that provide real benefits."
Tespo commenced a pre-sale in November 2015 and is launching with five product offerings initially.
"Our early adopters have been using Tespo for three months now and the feedback has been incredibly positive," said Mills.
About Life Boost, LLC
Life Boost is the maker of Tespo, a consumer direct, subscription-based vitamin system providing customers with a monthly supply of nutritional supplements in a single 4-inch diameter disc that is inserted into the proprietary Tespo dispenser, which then modifies mixing time and water based on the type of disc being utilized. For more information, visit http://www.gettespo.com.
Photo - http://photos.prnewswire.com/prnh/20160307/341074
SOURCE Life Boost, LLC
Photo:https://photos.prnewswire.com/prnh/20160307/341074
http://photoarchive.ap.org/
Photo:https://photos.prnewswire.com/prnh/20160307/341074
http://photoarchive.ap.org/
Life Boost, LLC
CONTACT: Justin Near, Near Perfect Media for Life Boost, 248-855-4300 ext. 1
Web Site: https://gettespo.com