Phonesoap Shark Tank Update

Phonesoap Shark Tank Pitch

Dan Barnes and Wes LaPorte appeared on Shark Tank Season 6, Episode 16, which aired on January 29, 2015, with ultraviolet light case for sanitizing phones.

Phonesoap is listed in the Lifestyle Home category. In plain terms, the business is described as ultraviolet light case for sanitizing phones.

Phonesoap asked the Sharks for $300,000 for 7.5%, implying a valuation of about $4 million.

On the show, Phonesoap made a listed deal with Lori Greiner for $300,000 for 10%.

If treated as straight equity, the listed deal works out to about $3 million implied valuation, down from the original $4 million implied valuation.

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

Phonesoap After Shark Tank

Phonesoap accepted an on-air Shark Tank deal for $300,000 for 10%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (PhoneSoap Shark Tank Update

Phonesoap reported annual revenue of $13.5 million as of December, 2022, PhoneSoap gets an update segment in season seven's episode 729, and They also added air purifiers to their line. (PhoneSoap Shark Tank Update

The official website for Phonesoap is listed as phonesoap.com. (Phonesoap website

Sources

Sources used for this page: Shark Tank API pitches