EverlyWell Shark Tank Update

EverlyWell Shark Tank Pitch

Julia Cheek appeared on Shark Tank Season 9, Episode 12, which aired on November 25, 2017, with Easy at-home health testing kits.

EverlyWell is listed in the Health SelfCare category. In plain terms, the business is described as Easy at-home health testing kits.

EverlyWell asked the Sharks for $1,000,000 for 5%, implying a valuation of about $20 million.

On the show, EverlyWell made a listed deal with Lori Greiner for $1 million line of credit at 8% + 5% equity.

If treated as straight equity, the listed deal works out to about $20 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.

EverlyWell After Shark Tank

EverlyWell closed Lori Greiner’s on-air deal and became one of the biggest Season 9 companies after Shark Tank. (EverlyWell Shark Tank Blog update

In December 2020, Everlywell raised a $175 million Series D round, bringing total funding above $250 million and valuing the company at about $1.3 billion. (Forbes Everlywell Series D report

The company expanded during the COVID-19 era with at-home testing, including home collection kits, and then broadened beyond consumer tests. (EverlyWell Shark Tank Blog update

In March 2021, Everlywell acquired PWNHealth and Home Access Health and formed the parent company Everly Health, expanding into population-scale testing, clinician networks, telehealth and payer/employer lab services. (TechCrunch Everly Health formation report

Sources

Sources used for this page: Shark Tank API pitches