Validated Shark Tank Update

Validated Shark Tank Pitch

Ian Lyman, Tov Arneson, and Alex Wilhelm appeared on Shark Tank Season 8, Episode 21, which aired on April 14, 2017, with app that connects you to shops and restaurants that help pay for your transportation.

Validated is listed in the Software Tech category. In plain terms, the business is described as app that connects you to shops and restaurants that help pay for your transportation.

Validated asked the Sharks for $250,000 for 8%, implying a valuation of about $3.1 million.

The source data lists no completed on-air deal for Validated.

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

Validated After Shark Tank

Validated left Shark Tank without an on-air deal. The pitch problem the Sharks kept coming back to was whether merchants and shoppers would understand the ride and parking credit model quickly enough for it to scale. (Validated Shark Tank Blog update

The cleaner post-show endpoint is an acquisition: moovel, which was becoming REACH NOW, announced on May 22, 2019 that it had acquired Validated and its mobility-incentive technology. (moovel acquires Validated announcement

The acquisition announcement said Validated would continue as a wholly owned subsidiary and separate brand/company, with its tools used for merchant, employer, university and transit mobility incentives. (moovel acquires Validated announcement

The broader REACH NOW app operation was later discontinued on March 31, 2022, so the original consumer-facing Validated product is no longer active today. (Vision Mobility REACH NOW shutdown report

Sources

Sources used for this page: Shark Tank API pitches