PolarPro Shark Tank Update

PolarPro Shark Tank Pitch

Jeff Overall appeared on Shark Tank Season 7, Episode 8, which aired on November 12, 2015, with GoPro and camera accessories.

PolarPro is listed in the Lifestyle Home category. In plain terms, the business is described as GoPro and camera accessories.

PolarPro asked the Sharks for $500,000 for 10%, implying a valuation of about $5 million.

On the show, PolarPro made a listed deal with Robert Herjavec and Mark Cuban for $1,000,000 for 20%.

If treated as straight equity, the listed deal works out to about $5 million implied valuation, roughly the same implied valuation as the ask.

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

PolarPro After Shark Tank

PolarPro accepted an on-air Shark Tank deal for $1,000,000 for 20%. The on-air deal did not close. Follow-up reporting lists the company as in business. (PolarPro Shark Tank Update – GoPro Brand’s Rise After the Tank

PolarPro reported annual revenue of $5 million as of December 2022. (PolarPro Shark Tank Update – GoPro Brand’s Rise After the Tank

The surge in visibility helped PolarPro attract major retailers. (PolarPro Shark Tank Update – GoPro Brand’s Rise After the Tank

They've added tripods, cameraman apparel like the PowerGrip H2O (a waterproof GoPro pole), the Defender lens protector and more to the line. (PolarPro Shark Tank Update – GoPro Brand’s Rise After the Tank

The official website for PolarPro is listed as www.polarprofilters.com. (PolarPro website

Sources

Sources used for this page: Shark Tank API pitches