Bertello Shark Tank Update

Bertello Shark Tank Pitch

Andy Bert and Eric Bert appeared on Shark Tank Season 11, Episode 15, which aired on March 13, 2020, with portable wood fire and gas outdoor pizza oven.

Bertello is listed in the Fitness Outdoors category. In plain terms, the business is described as portable wood fire and gas outdoor pizza oven.

Bertello asked the Sharks for $120,000 for 10%, implying a valuation of about $1.2 million.

On the show, Bertello made a listed deal with Kevin O'Leary for $120,000 for 25%.

If treated as straight equity, the listed deal works out to about $480,000 implied valuation, down from the original $1.2 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Bertello After Shark Tank

Bertello accepted an on-air Shark Tank deal for $120,000 for 25%, and follow-up reporting says the deal closed after filming. (Bertello Shark Tank Update

By June, 2021, update sources put Bertello annual revenue around $3 million. (Bertello Shark Tank Update

The product continues to be a big seller on Amazon. (Bertello Shark Tank Update

The company gets an update segment in episode 1307. (Bertello Shark Tank Update

The company did a huge pivot to digital marketing and it boosted sales. (Bertello Shark Tank Update

The current brand site points customers to bertello.com. (Bertello website

Sources

Sources used for this page: Shark Tank API pitches