Tek Dry

Deal

machine to dry out water-damaged electronic devices

Season 8 · Ep 3 Tech & SoftwareAired October 7, 2016

Tek Dry, the machine to dry out water-damaged electronic devices, landed on the national radar after pitching the sharks in Season 8, and convinced Kevin O'Leary to invest.

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From the show

The Shark Tank pitch

$500K
Asked for: 5%
Offered equity: $10M
Sought valuation: $500K
Deal amount: 5%
Deal equity: $10M
Deal valuation

Adam Cookson and Craig Beinecke faced the sharks in Season 8, Episode 3 in the episode that aired October 7, 2016. Tek Dry, the machine to dry out water-damaged electronic devices, pitched in the Tech & Software category, one of 73 tech & software businesses to brave the Tank across all 17 seasons.

They came in asking $500,000 in exchange for 5% equity, putting a $10M valuation on the business.

Kevin O'Leary made the deal at $500,000 for 5% equity. The deal valued the company at $10M.

Across Season 8, 59 of 96 pitches ended in a handshake. In the Tech & Software category overall, roughly 56% of pitches have landed a shark across the show's history.

Kevin O'Leary$500K

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Frequently asked questions

Where can I buy Tek Dry?

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

Did Tek Dry get a deal on Shark Tank?

Yes. Tek Dry closed a deal for $500,000 in exchange for 5% equity, with Kevin O'Leary.

Which shark invested in Tek Dry?

Kevin O'Leary invested in Tek Dry ($500,000 total as aired).

What season of Shark Tank was Tek Dry on?

Tek Dry appeared in Season 8, Episode 3, which aired October 7, 2016.

How much was Tek Dry asking for on Shark Tank?

The founders asked for $500,000 for 5% of the company, a $10M valuation.

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