Sheets Laundry Club Shark Tank Update

Sheets Laundry Club Shark Tank Pitch

Chris Videau and Chris Campbell appeared on Shark Tank Season 13, Episode 7, which aired on November 18, 2021, with eco friendly laundry sheets.

Sheets Laundry Club is listed in the Lifestyle Home category. In plain terms, the business is described as eco friendly laundry sheets.

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

On the show, Sheets Laundry Club made a listed deal for $500,000 for 8% + 2% advisory shares.

If treated as straight equity, the listed deal works out to about $6.3 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.

Sheets Laundry Club After Shark Tank

Sheets Laundry Club accepted an on-air Shark Tank deal for $500,000 for 8% + 2% advisory shares. Later follow-up coverage says the deal did not close. (Sheets Laundry Club Shark Tank Update

Sheets Laundry Club was reported at about $2.5-$3 million in annual revenue. (Sheets Laundry Club Shark Tank Update

At this time, annual revenue is around $2.5-$3 million and Sheets Laundry Club has over 75,000 subscription customers. (Sheets Laundry Club Shark Tank Update

As of April 2023, Sheets Laundry Club is no longer stocked in those stores. (Sheets Laundry Club Shark Tank Update

Sheets Laundry Club remains active online through sheetslaundryclub.com, which serves as its current storefront. (Sheets Laundry Club website

Sources

Sources used for this page: Shark Tank API pitches