DURHAM – Antiperspirant company Clutch Inc., parent to Durham-based Carpe, which makes a lotion to stop excessive sweating on hands, feet, or underarms, has raised just over $5 million in new equity, according to a regulatory filing.
According to the amended filing with the US Securities and Exchange Commission, 84 investors contributed. The company raised $3.4 million of the round in May 2019. Previously, it raised $100,000 in debt in 2017 and $1.9 million in equity in 2018.
The old armed services line, don’t sweat it is easier to say and harder to do for some. Personally, I had to quit playing tennis years ago because my hands got so sweaty I couldn’t keep a good grip on the racket, and wished for a product like this. Testimonials on the company’s web page suggest others feel the same way.
Kasper Kubica and David Spratte—Duke and UNC graduates who got fed up with their sweaty hands started the company. After a year of work with chemist Chris Jenks (and 60+ prototypes), it produced the world’s first non-greasy, no-residue antiperspirant hand and foot lotion.
The company’s web site offers access to information on excessive sweating called hyperhidrosis.
Its products sell for from $24.95 to $59.95 and it currently offers a 15 percent discount on initial purchases.