The Transformation Factory Shark Tank Update

The Transformation Factory Shark Tank Pitch

Alexiou Gibson appeared on Shark Tank Season 13, Episode 24, which aired on May 20, 2022, with Edible gels made from sea moss. they sell "Irish Sea Moss," a type of seaweed commonly found along the shorelines of the British Isles..

The Transformation Factory is listed in the Food Beverage category. In plain terms, the business is described as Edible gels made from sea moss. they sell "Irish Sea Moss," a type of seaweed commonly found along the shorelines of the British Isles..

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

On the show, The Transformation Factory made a listed deal with Mark Cuban and Kevin O'Leary for $600,000 for 20%.

If treated as straight equity, the listed deal works out to about $3 million implied valuation, down from the original $10 million implied valuation.

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

The Transformation Factory After Shark Tank

The Transformation Factory accepted a $600,000 on-air deal from Mark Cuban and Kevin Hart for the sea moss gel brand. (The Transformation Factory Shark Tank Update - A $45M Sea Moss Boom?

The company was already moving fast before the episode, with about $3.5 million in sales during its first 11 months of online selling. (The Transformation Factory Shark Tank Update - A $45M Sea Moss Boom?

The current storefront remains active under Sea Moss Transformation, selling sea moss gels and related products rather than just preserving the old Shark Tank pitch page. (The Transformation Factory Update | Shark Tank Season 13

Sources

Sources used for this page: Shark Tank API pitches