Maxpro Fitness Shark Tank Update

Maxpro Fitness Shark Tank Pitch

Nezar Akeel appeared on Shark Tank Season 13, Episode 9, which aired on December 16, 2021, with Portable resistance band machine.

Maxpro Fitness is listed in the Fitness Outdoors category. In plain terms, the business is described as Portable resistance band machine.

Maxpro Fitness asked the Sharks for $500,000 for 2.5%, implying a valuation of about $20 million.

On the show, Maxpro Fitness made a listed deal with Mark Cuban for $500,000 for 3% + 5% advisory shares over 5 years.

If treated as straight equity, the listed deal works out to about $16.7 million implied valuation, down from the original $20 million implied valuation.

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

Maxpro Fitness After Shark Tank

MaxPro Fitness accepted Mark Cuban's on-air offer, but later updates say the deal did not close. The company already had real traction before the show, and 2021 revenue was reported at $10 million. (Max Pro Shark Tank Update

Shaquille O'Neal invested in the company, and MaxPro later raised $163,323 on StartEngine at a $40 million valuation. By November 2023, lifetime revenue had passed $30 million. (Max Pro Shark Tank Update

By July 2024, MaxPro had a full workout curriculum in its app and was still around $10 million in annual revenue while approaching $40 million in lifetime revenue. The brand continues to sell portable cable-gym systems and accessories through its own site. (Max Pro Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches