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Paraffin International Announces $3.6 Million Series A Funding

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Paraffin International, Inc., the maker of Parasilk® brand products including gLOVE Treat® personal use paraffin wax treatments, announced today the closing of $3.6 Million in Series A Funding. Terms of the deal were not disclosed. The investment was led by an undisclosed group of local investors.

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Paraffin International Announces $3.6 Million Series A Funding

  1. 1. parasilk.com | 800.414.7115 News Release Paraffin International, Inc. announces $3.6 Million Series A Funding Makers of gLOVE Treat® with Parasilk® paraffin treatments is focused on growing local economy. Phoenix, AZ – January 12, 2018 – For immediate public release Paraffin International, Inc., the maker of Parasilk® brand products including gLOVE Treat® personal use paraffin wax treatments, announced today the closing of $3.6 Million in Series A Funding. Terms of the deal were not disclosed. The investment was led by an undisclosed group of local investors. “It was extremely important to us to find local investors that believed in what we are creating,” said CEO Deanna Montrose. “We are focused on building a Made in the USA product right here in Arizona with Arizona workers and Arizona capital. We were able to find investors very much aligned with that vision and we are very excited for this opportunity to continue to grow our company”. The company plans to use the infusion of capital to grow and scale production, increase inventory, hire additional staff and continue to brand and market Parasilk® paraffin wax treatments and products. Montrose declined to provide specific revenue numbers but did say that revenues almost quadrupled year over year in 2017 owing much of that growth to the increase in demand with the decision to bring manufacturing into the US. Parasilk® has been featured on Oprah’s O List for wellness, Arthritis Today, The View and most recently on Good Morning America. “The popularity of our Made in the USA product with our current direct to consumer approach has really sparked the interest of several major distributors across many different categories and verticals,” said Montrose. “We see our demand significantly increasing and this funding allows us to stay ahead of that growth.” gLOVE Treat® with Parasilk® paraffin are brands created by Paraffin International Inc., the company that is redefining the future of paraffin wax treatments with Parasilk® paraffin products and delivery systems for medical, spa and massage professionals, and direct to consumer for at home spa treatments. Paraffin International, Inc. was founded by Deanna Montrose, an award-winning cosmetologist and salon owner, to challenge the status quo of traditional paraffin wax treatments that take hours to heat, have a challenging and messy application and in many cases are deemed unsanitary. gLOVE Treat® heats in minutes, is completely self-contained and disposable to reduce cross-contamination. Learn more at Parasilk.com and gLOVETreat.com. Please send all inquiries to press@parasilk.com.

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