Boost Oxygen Shark Tank Update

Boost Oxygen Shark Tank Pitch

Rob Neuner and Mike Grice appeared on Shark Tank Season 11, Episode 2, which aired on October 6, 2019, with canned oxygen.

Boost Oxygen is listed in the Health SelfCare category. In plain terms, the business is described as canned oxygen.

Boost Oxygen asked the Sharks for $1,000,000 for 5%, implying a valuation of about $20 million.

On the show, Boost Oxygen made a listed deal with Kevin O'Leary for $1,000,000 loan at 7.5% interest + 6.25% equity.

If treated as straight equity, the listed deal works out to about $12.5 million implied valuation, down from the original $20 million implied valuation.

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

Boost Oxygen After Shark Tank

Boost Oxygen closed its Shark Tank deal with Kevin O'Leary: a $1 million loan at 7.5% interest plus 6.25% equity. That gave the company debt capital without giving away the larger stake it had resisted during negotiations. (Boost Oxygen Shark Tank update

The post-show lift was substantial. In a later update segment, the founders said Boost had done more than $15 million in sales since airing, and follow-up notes put the brand in CVS plus national chains such as Dick's Sporting Goods and Bass Pro Shops. (Boost Oxygen follow-up reporting

Boost expanded from roughly 4,000 stores to more than 8,000, adding retailers including Kroger and Walgreens. The current official site remains active with oxygen canisters for sports, altitude, wellness, and travel use cases. (Boost Oxygen official site

Sources

Sources used for this page: Shark Tank API pitches