What is Planet Sun?
Planet Sun specializes in advanced airbrush tanning solutions, utilizing the innovative Evolv sidekick system. Developed by industry veterans behind Mystic Tan and VersaSpa, the company's proprietary formulations are enriched with Tea Tree, Argan, and Grapeseed Oil. These solutions combine Erythrulose and DHA to deliver a longer-lasting, evenly fading tan with a natural color suitable for all skin types and tones. Customers can choose between a level one for a natural bronzed glow or a level two for a deeper tan. The company operates multiple locations, including Rutherford, Rochelle Park, Midtown Hoboken, Cliffside Park, and Montvale, requiring appointments to be made at least 24 hours in advance.
How much funding has Planet Sun raised?
Planet Sun has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Planet Sun?
The substantial late-stage funding indicates Planet Sun is poised for significant scaling and market penetration. This capital infusion is likely to fuel strategic initiatives such as expanding service offerings, enhancing technological capabilities, and broadening its geographical reach. The 'major strategic investment' context suggests potential partnerships or acquisitions that could further solidify its competitive advantage in the beauty and wellness sector. Future growth may involve optimizing operational efficiencies and leveraging its established brand reputation to capture a larger market share.
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