Springer Shark Tank Update

Springer Shark Tank Pitch

Griffin Ross and Shannon Ross appeared on Shark Tank Season 13, Episode 23, which aired on May 13, 2022, with Water bottle with a small bowl on top so that dogs can drink out of it. When you squeeze the bottle, the bowl fills up to let your dog drink..

Springer is listed in the PetProducts category. In plain terms, the business is described as Water bottle with a small bowl on top so that dogs can drink out of it. When you squeeze the bottle, the bowl fills up to let your dog drink..

Springer asked the Sharks for $400,000 for 6%, implying a valuation of about $6.7 million.

On the show, Springer made a listed deal with Lori Greiner for $400,000 for 10% in preferred stock.

If treated as straight equity, the listed deal works out to about $4 million implied valuation, down from the original $6.7 million implied valuation.

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

Springer After Shark Tank

Springer accepted an on-air Shark Tank deal for $400,000 for 10% in preferred stock. Later follow-up coverage says the deal did not close. (Springer Shark Tank Update

Springer was reported at about $2 million in annual revenue. (Springer Shark Tank Update

Products from Springer are available on Amazon and in hundreds of independent pet boutiques. (Springer Shark Tank Update

The company added a leash with a travel pouch to its line. (Springer Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches