Misfit Foods Shark Tank Update

Misfit Foods Shark Tank Pitch

Phil Wong appeared on Shark Tank Season 12, Episode 17, which aired on March 11, 2021, with line of veggie infused sausages.

Misfit Foods is listed in the Food Beverage category. In plain terms, the business is described as line of veggie infused sausages.

Misfit Foods asked the Sharks for $250,000 for 5%, implying a valuation of about $5 million.

On the show, Misfit Foods made a listed deal with Mark Cuban for $300,000 for 15%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, down from the original $5 million implied valuation.

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

Misfit Foods After Shark Tank

Misfit Foods closed its Shark Tank deal, then eventually moved forward under the Phil's Finest name. The rebrand fit the company's broader move into blended meat-and-vegetable products rather than staying locked to the original Shark Tank framing. (Misfit Foods Shark Tank Update

Follow-up coverage put annual revenue around $1.5 million and described distribution through Whole Foods, Good Eggs, Misfits Market, and Sprouts by spring 2022. (Misfit Foods Shark Tank Update

The current Phil's Finest site gives the company an active brand home, so this pitch should be read as a rebranded continuing food business rather than a dead Misfit Foods listing. (Phil's Finest website

Sources

Sources used for this page: Shark Tank API pitches