Phoozy
DealThermal and drop-safe cover for mobile devices
Phoozy is a thermal and drop-safe cover for mobile devices that got its big break on Shark Tank in Season 12, and convinced Lori Greiner and Robert Herjavec to invest.
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From the show
The Shark Tank pitch
- $500K
- Asked for
- 10%
- Offered equity
- $5M
- Sought valuation
- $500K
- Deal amount
- 8%
- Deal equity
- $6.3M
- Deal valuation
Founder Kevin Conway and Josh Inglis stepped onto the carpet in Season 12, Episode 19 in the episode that aired April 2, 2021. Phoozy, the thermal and drop-safe cover for mobile devices, pitched in the Electronics category, one of 18 electronics businesses to brave the Tank across all 17 seasons.
The ask was $500,000 for 10% of the company, an implied valuation of $5M.
Lori Greiner and Robert Herjavec teamed up at $500,000 for 8% equity. The deal valued the company at $6.3M. The structure included a royalty component.
Season 12 saw 100 pitches, and 71 of them closed a deal on air. In the Electronics category overall, roughly 44% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Phoozy?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Phoozy get a deal on Shark Tank?
Yes. Phoozy closed a deal for $500,000 in exchange for 8% equity, with Lori Greiner and Robert Herjavec.
Which shark invested in Phoozy?
Lori Greiner and Robert Herjavec invested in Phoozy ($500,000 total as aired).
What season of Shark Tank was Phoozy on?
Phoozy appeared in Season 12, Episode 19, which aired April 2, 2021.
How much was Phoozy asking for on Shark Tank?
The founders asked for $500,000 for 10% of the company, a $5M valuation.
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