Parting Stone Shark Tank Update

Parting Stone Shark Tank Pitch

Justin Crowe appeared on Shark Tank Season 14, Episode 19, which aired on April 7, 2023, with Parting Stone provides a comforting new form of human and pet remains to families choosing cremation. Solidified remains resemble a collection of 60-80 stones that can be touched, held, and shared with friends and family - No more uncomfortable ash..

Parting Stone is listed in the Other category. In plain terms, the business is described as Parting Stone provides a comforting new form of human and pet remains to families choosing cremation. Solidified remains resemble a collection of 60-80 stones that can be touched, held, and shared with friends and family - No more uncomfortable ash..

Parting Stone asked the Sharks for $400,000 for 5%, implying a valuation of about $8 million.

On the show, Parting Stone made a listed deal with Lori Greiner and Kevin O'Leary for $400,000 for 10% + $20 royalty direct to consumer and $12.50 royalty for business to business.

If treated as straight equity, the listed deal works out to about $4 million implied valuation, down from the original $8 million implied valuation.

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

Parting Stone After Shark Tank

Parting Stone accepted the Lori Greiner and Kevin O'Leary royalty-style offer, and later update coverage says the Shark investment was folded into the company's next financing round. (Parting Stone Shark Tank Update

In January 2023, Parting Stone raised $2.3 million in Series A funding, giving the solidified-remains service capital beyond the on-air deal structure. (Parting Stone Shark Tank Update

The episode raised awareness with both consumers and funeral homes; direct-to-consumer sales reportedly doubled after airing, and the current Parting Stone site continues selling memorial solidification services for people and pets. (Parting Stone Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches