Boarderie Shark Tank Update

Boarderie Shark Tank Pitch

Aaron Solomon and Rachel Solomon appeared on Shark Tank Season 14, Episode 7, which aired on November 18, 2022, with Upsacle direct to consumer cheese board business..

Boarderie is listed in the Food Beverage category. In plain terms, the business is described as Upsacle direct to consumer cheese board business..

Boarderie asked the Sharks for $300,000 for 5%, implying a valuation of about $6 million.

On the show, Boarderie made a listed deal with Lori Greiner for $300,000 for 9%.

If treated as straight equity, the listed deal works out to about $3.3 million implied valuation, down from the original $6 million implied valuation.

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

Boarderie After Shark Tank

Boarderie accepted an on-air Shark Tank deal for $300,000 for 9%, and later update coverage says the deal closed. (Boarderie Shark Tank Update

By November, 2023, Boarderie was reported at about $15 million in annual revenue. (Boarderie Shark Tank Update

When Boarderie started, Boarderie were selling through other third party vendors online; the product was selling well, but Boarderie needed to be able to sell through Boarderie's own website to connect with Boarderie's customers and understand what Boarderie want. (Boarderie Shark Tank Update

The company continues to bring out new products including a baked brie board, dessert boards, vegan and gluten free options and more. (Boarderie Shark Tank Update

The company gets an update segment in season 15, episode 1504. (Boarderie Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches