Cabinet Health

Deal

Accessible and sustainable healthcare

Cabinet Health is a accessible and sustainable healthcare that got its big break on Shark Tank in Season 14, and convinced Kevin O'Leary and Tony Xu to invest.

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From the show

The Shark Tank pitch

$500K
Asked for
2.5%
Offered equity
$20M
Sought valuation
$500K
Deal amount
7%
Deal equity
$7.1M
Deal valuation

Founder Russell Gong and Achal Patel stepped onto the carpet in Season 14, Episode 11 in the episode that aired January 13, 2023. Cabinet Health, the accessible and sustainable healthcare, pitched in the Health & Wellness category, one of 70 health & wellness businesses to brave the Tank across all 17 seasons.

The ask was $500,000 for 2.5% of the company, an implied valuation of $20M.

Kevin O'Leary and Tony Xu teamed up at $500,000 for 7% equity. That priced the company at $7.1M, a haircut from the $20M the founders walked in asking for, which is how negotiations in the Tank usually go. The structure included a royalty component.

Season 14 saw 87 pitches, and 62 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.

Kevin O'Leary$250KTony Xu$250K

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Frequently asked questions

Where can I buy Cabinet Health?

Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.

Did Cabinet Health get a deal on Shark Tank?

Yes. Cabinet Health closed a deal for $500,000 in exchange for 7% equity, with Kevin O'Leary and Tony Xu.

Which shark invested in Cabinet Health?

Kevin O'Leary and Tony Xu invested in Cabinet Health ($500,000 total as aired).

What season of Shark Tank was Cabinet Health on?

Cabinet Health appeared in Season 14, Episode 11, which aired January 13, 2023.

How much was Cabinet Health asking for on Shark Tank?

The founders asked for $500,000 for 2.5% of the company, a $20M valuation.

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