Milkify Shark Tank Update

Milkify Shark Tank Pitch

Dr Berkeley Luck and Pedro Silva appeared on Shark Tank Season 14, Episode 19, which aired on April 7, 2023, with Milkify is the concierge breast milk freeze-drying service that transforms frozen breast milk into convenient pouches of powder that last for 3 years on the shelf..

Milkify is listed in the Other category. In plain terms, the business is described as Milkify is the concierge breast milk freeze-drying service that transforms frozen breast milk into convenient pouches of powder that last for 3 years on the shelf..

Milkify asked the Sharks for $400,000 for 20%, implying a valuation of about $2 million.

On the show, Milkify made a listed deal with Lori Greiner for $400,000 for 20% on a three-year convertible note.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, roughly the same implied valuation as the ask.

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

Milkify After Shark Tank

Milkify accepted an on-air Shark Tank deal for $400,000 for 20% on a three-year convertible note, and later update coverage says the deal closed. (Milkify Shark Tank Update

The first re-run of this episode in July, 2023, is just 4 months after the episode aired. (Milkify Shark Tank Update

In June, 2023, the company began offering nutritional testing as an add-on service where Milkify measure the calories, carbohydrates, fats, and proteins in your milk using the Miris, an FDA approved human milk analyzer. (Milkify Shark Tank Update

Reeliable revenue figures are unavailable at this time. (Milkify Shark Tank Update

Milkify remains active online through milkify.me, where customers can find the current product line. (Milkify website

Sources

Sources used for this page: Shark Tank API pitches