FurZapper Shark Tank Update

FurZapper Shark Tank Pitch

Harry Levin and Michael Sweigart appeared on Shark Tank Season 12, Episode 20, which aired on April 9, 2021, with laundry machine device for removing fur from clothes while washing.

FurZapper is listed in the Accessories Gadgets category. In plain terms, the business is described as laundry machine device for removing fur from clothes while washing.

FurZapper asked the Sharks for $600,000 for 10%, implying a valuation of about $6 million.

On the show, FurZapper made a listed deal with Lori Greiner for $600,000 for 15%.

If treated as straight equity, the listed deal works out to about $4 million implied valuation, down from the original $6 million implied valuation.

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

FurZapper After Shark Tank

FurZapper accepted an on-air Shark Tank deal for $600,000 for 15%. Later reporting says the deal did not close after filming. (FurZapper Shark Tank Update

By 2021, FurZapper was reported at about $3 million in annual revenue. (FurZapper Shark Tank Update

Since airing, in addition to Walmart, the business is in ACE Hardware, Chewy, Bed Bath & Beyond, Petland, and, of course, Amazon. (FurZapper Shark Tank Update

FurZapper now uses furzapper.com as its customer-facing site. (FurZapper website

Sources

Sources used for this page: Shark Tank API pitches