Brightwheel
Dealapp geared toward early education of toddlers
Brightwheel, the app geared toward early education of toddlers, landed on the national radar after pitching the sharks in Season 7, and convinced Mark Cuban and Chris Sacca to invest.
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Shark Tank products move fast. Names change, packaging changes, and some sell out or get discontinued. The Amazon button checks live price and availability for Brightwheel.
From the show
The Shark Tank pitch
- $400K
- Asked for
- 4%
- Offered equity
- $10M
- Sought valuation
- $600K
- Deal amount
- 6.7%
- Deal equity
- $9.0M
- Deal valuation
The entrepreneurs faced the sharks in Season 7, Episode 26 in the episode that aired April 29, 2016. Brightwheel, the app geared toward early education of toddlers, pitched in the Kids & Education category, one of 134 kids & education businesses to brave the Tank across all 17 seasons.
They came in asking $400,000 in exchange for 4% equity, putting a $10M valuation on the business.
Mark Cuban and Chris Sacca teamed up at $600,000 for 6.7% equity. That priced the company at $9.0M, a haircut from the $10M the founders walked in asking for, which is how negotiations in the Tank usually go.
Across Season 7, 66 of 116 pitches ended in a handshake. In the Kids & Education category overall, roughly 66% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Brightwheel?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Brightwheel get a deal on Shark Tank?
Yes. Brightwheel closed a deal for $600,000 in exchange for 6.7% equity, with Mark Cuban and Chris Sacca.
Which shark invested in Brightwheel?
Mark Cuban and Chris Sacca invested in Brightwheel ($600,000 total as aired).
What season of Shark Tank was Brightwheel on?
Brightwheel appeared in Season 7, Episode 26, which aired April 29, 2016.
How much was Brightwheel asking for on Shark Tank?
The founders asked for $400,000 for 4% of the company, a $10M valuation.
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