Codi Shark Tank Update

Codi Shark Tank Pitch

William Mock, Dayu Yang, and Chris Oslebo appeared on Shark Tank Season 12, Episode 8, which aired on December 10, 2020, with education storytelling toy robot for social and emotional learning.

Codi is listed in the Education category. In plain terms, the business is described as education storytelling toy robot for social and emotional learning.

Codi asked the Sharks for $500,000 for 10%, implying a valuation of about $5 million.

On the show, Codi made a listed deal with Robert Herjavec for $500,000 for 25%.

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.

Codi After Shark Tank

Codi accepted an on-air Shark Tank deal, but later coverage says the deal did not close after filming. The show still created a demand surge for Pillar Learning's screen-free educational robot. (Codi Shark Tank Update

Pillar Learning still has a public product page for Codi, but the robot is listed as sold out and there is no clear restock timeline on the page. That makes the company harder to classify than a cleanly active direct-to-consumer brand. (Codi website

The fairest current read is that Codi is dormant or uncertain: the brand presence remains online, but the original consumer product does not appear to have an active purchase path right now. (BGR Codi update

Sources

Sources used for this page: Shark Tank API pitches