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It's By U isn't accepting new investments

It's By U’s deadline was January 1, 2021

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It's By U

Ending the cycle of flower waste through farm-direct floral subscriptions
B2C Farming Subscription Marketplace Reduce, Reuse, Recycle Women Founders
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$69,574
Raised
171
Investors
Successfully funded and closed on January 1, 2021.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by ITSBYU, INC.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
It's By U Crowd SAFE ItsByU Form C-A_10.8.2020.pdf ItsByU Form C.pdf
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Hear from some of the 171 investors in It's By U


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$250K+ revenue
Company had over $250K in revenue in the past 12 months
Leading VC-backed
Company is backed by a leading VC firm
  • Developing a marketplace for flower growers to sell surplus flowers B2B2C
  • Female-founded company disrupting the $48BN botanical decor industry
  • First to market advantage
  • Over 1M stems sold to thousands of customers
  • $1.1M in funding to date from Target Corporation, Techstars, and others
  • Featured on The View, Good Morning America, Oprah Magazine, Univision, QVC
  • We envision a zero-waste floral industry

Problem


Millions of surplus flowers are thrown away every year

Flower farms around the world destroy millions of surplus flowers each year because of inconsistent market demand for certain colors or styles. These flowers are perfect -- they’re the same designer flowers that go to to Hollywood homes, high-end hotels, and royal palaces-- but they are considered waste because they bloomed in the off-season.  This translates to hundreds of millions of dollars lost every year, not counting the waste of fresh water and human resources.  

Meanwhile, people forego purchasing high-quality diverse flowers because they are expensive.  They resort to common lower-quality supermarket flowers or pre-made online bouquets. They have little knowledge as to what the flowers are, where they're from and how to arrange them. Yet, research shows that flowers are among the only things that instantly make us happy and productive.

For businesses, plant and flower displays make a big difference. Live plants and flowers are critical to user ratings and commercial success for hospitality and real estate. In workplaces and storefronts, curated flowers enhance both team and customer experience. Yet, professional florists come with an expensive price tag and can cause a financial and logistical burden. Without access to affordably priced floral arrangements, many businesses lose out on the benefits that flowers provide. 

Solution


It's By U: Developing a marketplace for flower growers to sell their surplus flowers to the public

We have proven that there is a demand for the excess farm flowers through our do-it-yourself floral subscription boxes that are curated from flowers that would normally be wasted.



We have sold over 1million stems B2C and are rolling out B2B this year. Through our site, customers will get to know the eco-friendly, fair-trade farms, order subscription flower deliveries from them, and then be able to create their own arrangements.  

It's By U subscriptions also provide economic advantages for businesses, including increased productivity, good feelings, and repeat customers.

Product


Stress-free flower arranging subscriptions

Unique and beautiful flower arrangements that anyone can make. 

Once customers select their style, we ship them a kit containing a designer vessel and the necessary floral arrangement equipment. All they have to do is follow our video tutorials to bring their vision to life.

What's In A Kit

Traction


We have already rescued millions of stems 

It’s By U has tapped into the creative energies of individuals and businesses. 

  • Since the launch of our subscriptions in Spring 2018, we are approaching $500K in revenue with no paid marketing.
  • We have built a loyal base of customers who stay on with us for an average of 9 subscription deliveries. 
  • Partnership with Iron Chef David Burke and his team to represent It's By U to the hospitality and restaurant industry
  • Over 80% of customers are return purchasers. The LTV of our customers is $450.   

It's By U has been featured in Oprah Magazine and on "Good Morning America," "The View," Univision, and QVC.



Customers


Addressing two key audiences

It’s By U serves two principal clients: (1) individuals eager to try something new and creative to decorate their space, and (2) businesses looking to solve their decorating problems quickly and effectively. 

Our B2C customer is: predominantly female, college-educated, urban/suburban, crafty/DIY, likes to cook, income>$50K. 70M people in the US fit this profile.  

 Customer Testimonials:

Our B2B Customer is a large and growing audience.

Business model


Field to Vase

By sending flowers directly to our customers' doors from the farm, we cut out the middlemen.  We save our customers at least 50% of the cost they’d spend on traditional florists. 

Our revenue has grown by almost 50% year over year and we are projecting to double in 2020.  We foresee continued steady growth throughout the year as direct to consumer becomes one of the only ways to purchase flowers given retail florists' store closures.

Market


$1.6B captureable market

The US floral market will be $16B by 2023 and is growing at a CAGR of 6%. Since we service individuals and businesses, we believe that we can capture 10% of this market, or $1.6B.   

The Market: B2C


  • DIY flower arranging is the #1 trend in the floral industry.
  • 40% of Americans buy botanical decor for the home every year.
  • 22 million Americans have made at least one floral craft for their home in the past year.

The Market: B2B 

  • 80% of botanical decor sales are commercial. 
  • Live plants and flowers are a requirement for hospitality properties to earn a 3-5 diamond AAA rating or a 4-5 star Forbes Travel Guide rating. 
  • $2K/month is the average luxe restaurant florist spend on flowers and plant. 
  • $5K/month is the average luxe hotel florist spend on flowers/plants.

Competition


First mover in $48B market

It’s By U is one of the only companies that connects customers directly to flower farms and then gives them everything they need to make their own arrangements on a subscription basis. Our proprietary products, exclusive relationships in the industry, grower incentives, and established infrastructure give us an advantage over the competition. 

Vision and strategy


Bringing an end to floral waste

The floral industry is desperately in need of change and the time is NOW.  By creating an online marketplace for farms to easily sell their flowers and kits so that customers can easily make designs, we are opening up the world of flowers as never before, making them more accessible and affordable.  We envision a zero-waste floral world where everyone can enjoy more flowers more often.

With this new round of capital that we are raising, we will fully be developing the floral marketplace on our site, hiring a seasoned management team, and creating amazing new product. In the near future, we will further grow our partnerships with QVC, Cox Communication, Univision and others so that It's By U continues to be visible on traditional TV platforms. We will also be investing in online and direct mail marketing campaigns to entice customers to welcome nature into their homes. By Q4, we will fully be rolling our B2B subscriptions to restaurants and the hospitality industry.

Funding


$1.1M in funding to date

We've secured over $1.1M in funding today from prominent investors, including the Target Corporation, Techstars, Backstage Capital, Chloe Capital, and prominent female angel investors.

Founders


Deal terms


Valuation cap

$8,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for It's By U occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that It's By U is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
It's By U needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by ITSBYU, INC.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
It's By U Crowd SAFE ItsByU Form C-A_10.8.2020.pdf ItsByU Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in It's By U.
Invest
$250
Receive
  • 20% off of your first It's By U subscription DIY kit delivery
Invest
$500
Receive
  • 25 of the most premium hand-selected roses in the world, grown in volcanic soil high in the Andes Mountains
Invest
$1,000
Receive
  • 50 of the most premium hand-selected roses in the world, grown in volcanic soil high in the Andes Mountains
Invest
$2,200
Receive
  • A 3 month subscription of the most premium hand-selected roses in the world, grown in volcanic soil high in the Andes Mountains
Invest
$5,000
Receive
  • A 6 month subscription of the most premium hand-selected roses in the world, grown in volcanic soil high in the Andes Mountains
Invest
$10,000
Receive
  • A 12 month subscription of the most premium hand-selected roses in the world, grown in volcanic soil high in the Andes Mountains
Invest
$25,000
Receive
  • Meet the It's By U team for lunch and a tour of our Californian flower farm. And take home a beautiful bouquet!

About It's By U

Legal Name
ITSBYU, INC.
Founded
Dec 2017
Form
Delaware Corporation
Employees
5
Website
itsbyu.com
Social Media
Headquarters
Google Map location of of It's By U
204 W. 140th Street , NEW YORK, NY
Headquarters
204 W. 140th Street, NEW YORK, NY, United States 10030

It's By U Team
Everyone helping build It's By U, not limited to employees

Profile picture of Caroline Strzalka
Caroline Strzalka
Founder and CEO
Profile picture of Christine Strzalka
Christine Strzalka
Founder and Chief Product Officer
Profile picture of Tim Mannino
Tim Mannino
Head of Technology
Profile picture of Frank  Biddle
Frank Biddle
Head of Operations
Profile picture of Sara Recalde
Sara Recalde
Head of Quality Control
Profile picture of Brooke Frederick
Brooke Frederick
Photography and Video
4 more team members
Caroline Strzalka
Founder and CEO
Tim Mannino
Head of Technology
Frank Biddle
Head of Operations
Christine Strzalka
Founder and Chief Product Officer
Sara Recalde
Head of Quality Control
Brooke Frederick
Photography and Video

Press

It's By U + Cox Communications
Vimeo Vimeo
·
May 7, 2020

It's By U is currently being promoted though a special relationship with Cox Communications.

It's By U on Univision
Vimeo Vimeo
·
Oct 28, 2019

We had our biggest one day sale with Spanish language audiences last fall on Univision.

It's By U on "Good Morning America"
Vimeo Vimeo
·
May 10, 2019

We loved making Michael Strahan say "WOW!" during our sale on "Good Morning America"!

It's By U on "The View"
Vimeo Vimeo
·
May 6, 2019

We premiered on "The View" as part of an "Oprah's Favorite Things" feature where we sold the best roses in the world.

IT'S BY U Flower Arranging Kit Subscription Box Review - ...
My Subscription Addiction My Subscription Addiction
·
May 22, 2018

"I was so impressed by my first shipment from IT’S BY U. I loved being able to pick a style that suited me and was impres...

Why you should buy flowers, according to science | Well+Good
Well+Good Well+Good
·
Apr 12, 2018

If there's ever a season punctuated by flora, it's spring. In-bloom flowers awaken in every garden and at every grocery s...

It's By U in "O Magazine"
Google Google
·
Apr 1, 2018

It's By U was chosen as one of "Oprah's Favorite Things" in Spring 2018

Want to get lucky on Valentine's Day? Get the right flowers
New York Post New York Post
·
Feb 12, 2018

You can't beat a classic. Flowers are still the go-to gesture to express your undying love and affection - or at least to...

How to Arrange Flowers 101
PureWow PureWow
·
Feb 9, 2018

Turns out, organizing flowers for a bouquet is a bit more involved than just sticking them in a pretty vase. But we've go...

15 Perfect Gifts for Discerning Grandparents
PureWow PureWow
·
Nov 15, 2017

After all those years spent baking, babysitting and storytelling, it only seems fair that the matriarchs and patriarchs o...

It's By U + Modern Farmhouse Bouquet
Refinery29

Modern Farmhouse Bouquet + Premium Ecuadorian blooms in a tall, European-inspired style. Statement florals for a modern k...

Fresh Floral Arranging Kit w/Cornucopia From ItsByU on QVC
YouTube YouTube

It was so much fun to be on QVC! We are now part of a larger partnership with them, selling our bouquets online.

Show all
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It's By U

It's By U successfully raised $69,574 from 171 investors on January 1, 2021
Profile picture of Kinya S Alexander
Profile picture of Charles Lerner
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Profile picture of George Miley
Profile picture of christian sullivan
Kinya S, Charles, Annabelle, George, christian, and 166 others invested. 50 Reviews
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