Stealth Bros & Co Shark Tank Update

Stealth Bros & Co Shark Tank Pitch

Braxton Fleming appeared on Shark Tank Season 14, Episode 2, which aired on September 30, 2022, with Luxurious dopp kits for people with the need to carry medical supplies, injection needles, ect..

Stealth Bros & Co is listed in the Other category. In plain terms, the business is described as Luxurious dopp kits for people with the need to carry medical supplies, injection needles, ect..

Stealth Bros & Co asked the Sharks for $200,000 for 15%, implying a valuation of about $1.3 million.

On the show, Stealth Bros & Co made a listed deal with Mark Cuban and Barbara Corcoran for $450,000 for 6% + $100,000 line of credit.

If treated as straight equity, the listed deal works out to about $1.7 million implied valuation, up from the original $1.3 million implied valuation.

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

Stealth Bros & Co After Shark Tank

Stealth Bros & Co accepted an on-air Shark Tank deal for $450,000 for 6% + $100,000 line of credit, and later update coverage says the deal closed. (Stealth Bros and Company Shark Tank Update

On October 3, 2022, Braxton announced that the founder's Stealth Sharps Shuttles are in 3000 CVS stores nationwide. (Stealth Bros and Company Shark Tank Update

In the week following the episode aired, Braxton sold out of many kits. (Stealth Bros and Company Shark Tank Update

The website says the founder is restocking on October 13, 2022. (Stealth Bros and Company Shark Tank Update

#SharkTank @ABCSharkTank The first rerun of this episode in July, 2023 is nearly 10 months after the episode aired. (Stealth Bros and Company Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches