Glacé Cryotherapy Shark Tank Update

Glacé Cryotherapy Shark Tank Pitch

Skyler Scarlett and Brittney Scarlett appeared on Shark Tank Season 7, Episode 20, which aired on February 25, 2016, with cryotherapy treatment spa.

Glacé Cryotherapy is listed in the Health SelfCare category. In plain terms, the business is described as cryotherapy treatment spa.

Glacé Cryotherapy asked the Sharks for $100,000 for 15%, implying a valuation of about $666,666.667.

On the show, Glacé Cryotherapy made a listed deal with Barbara Corcoran for $100,000 for 30%.

If treated as straight equity, the listed deal works out to about $333,333.333 implied valuation, down from the original $666,666.667 implied valuation.

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

Glacé Cryotherapy After Shark Tank

Glacé Cryotherapy accepted an on-air Shark Tank deal for $100,000 for 30%. Follow-up reporting lists the post-show status as out of business. (Glace Cryotherapy Shark Tank Update

According to a post by Skyler on the company's Facebook page: "Unfortunately our deal didn't go through after airing and we didn't partner with her or receive any funding. (Glace Cryotherapy Shark Tank Update

The company have 600 locations across the U.S. (Glace Cryotherapy Shark Tank Update

and we feel this contract gives us a good shot of securing funding." They had four locations, but got out of the business in 2017. (Glace Cryotherapy Shark Tank Update

Skyler is now a full time consultant for the cryotherapy industry. (Glace Cryotherapy Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches