Northville Township-based Life Boost has closed a $1.25 million funding round to support the launch of Tespo, a specially designed dispenser similar to a single serving coffee maker that allots vitamins in liquid form.
The Tespo system holds a month of nutritional supplement servings in one recyclable disk. The dispenser costs nearly $130, while the pill disks cost $30. Options include Energy Formula and Focus Formula, along with men’s, women’s, and children’s essentials. The formulas contain vitamins such as Vitamin B12, Folic Acid, Vitamin C, and Biotin.
The system contains no additives or fillers, and it delivers a 90 percent absorption rate compared to 20 percent in pill form. Stevia extract is used as a sweetener.
“We know that consumers have pill fatigue, and yet there are no convenient, quality-based nutritional supplement alternatives for consumers,” says Jeff Linton, co-founder of Life Boost. “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.”
Tespo began with a pre-sale in November 2015 and is launching initially with five product offerings. Linton says Tespo closed funding within three week of opening the round.