Springer
DealTravel water bottle/bowl for dogs
Springer is a travel water bottle/bowl for dogs that got its big break on Shark Tank in Season 13, and convinced Lori Greiner to invest.
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From the show
The Shark Tank pitch
- $400K
- Asked for
- 6%
- Offered equity
- $6.7M
- Sought valuation
- $400K
- Deal amount
- 10%
- Deal equity
- $4M
- Deal valuation
Founder Griffin Ross and Shannon Ross stepped onto the carpet in Season 13, Episode 23 in the episode that aired May 13, 2022. Springer, the travel water bottle/bowl for dogs, pitched in the Pet Products category, one of 61 pet products businesses to brave the Tank across all 17 seasons.
The ask was $400,000 for 6% of the company, an implied valuation of $6.7M.
Lori Greiner made the deal at $400,000 for 10% equity. That priced the company at $4M, a haircut from the $6.7M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 13 saw 96 pitches, and 64 of them closed a deal on air. In the Pet Products category overall, roughly 56% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Springer?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Springer get a deal on Shark Tank?
Yes. Springer closed a deal for $400,000 in exchange for 10% equity, with Lori Greiner.
Which shark invested in Springer?
Lori Greiner invested in Springer ($400,000 total as aired).
What season of Shark Tank was Springer on?
Springer appeared in Season 13, Episode 23, which aired May 13, 2022.
How much was Springer asking for on Shark Tank?
The founders asked for $400,000 for 6% of the company, a $6.7M valuation.
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