Boost Oxygen
DealAromatherapy flavored supplemental oxygen
Boost Oxygen is a aromatherapy flavored supplemental oxygen that got its big break on Shark Tank in Season 11, and convinced Kevin O'Leary to invest.
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From the show
The Shark Tank pitch
- $1M
- Asked for
- 5%
- Offered equity
- $20M
- Sought valuation
- $1M
- Deal amount
- 6.3%
- Deal equity
- $16M
- Deal valuation
Founder Rob Neuner and Mike Grice stepped onto the carpet in Season 11, Episode 2 in the episode that aired October 6, 2019. Boost Oxygen, the aromatherapy flavored supplemental oxygen, pitched in the Health & Wellness category, one of 70 health & wellness businesses to brave the Tank across all 17 seasons.
The ask was $1,000,000 for 5% of the company, an implied valuation of $20M.
Kevin O'Leary made the deal at $1,000,000 for 6.3% equity. That priced the company at $16M, a haircut from the $20M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 11 saw 96 pitches, and 63 of them closed a deal on air. In the Health & Wellness category overall, roughly 59% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Boost Oxygen?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Boost Oxygen get a deal on Shark Tank?
Yes. Boost Oxygen closed a deal for $1,000,000 in exchange for 6.3% equity, with Kevin O'Leary.
Which shark invested in Boost Oxygen?
Kevin O'Leary invested in Boost Oxygen ($1,000,000 total as aired).
What season of Shark Tank was Boost Oxygen on?
Boost Oxygen appeared in Season 11, Episode 2, which aired October 6, 2019.
How much was Boost Oxygen asking for on Shark Tank?
The founders asked for $1,000,000 for 5% of the company, a $20M valuation.
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