Foam Party Hats Shark Tank Update
Custom-designed foam hats
What Happened to Foam Party Hats After Shark Tank
Is Foam Party Hats still in business? Yes — still in business and thriving.
$1.5M
reported annual revenue
- Deal closed: $100,000 for 25% equity with Mark Cuban and Lori Greiner
- Pre-show lifetime sales $385,000; made $1.35 million in sales in the two years following the show
- Over $1 million in annual revenue as of January 2023
- Hats distributed in over 750 Party City stores across the USA
Last verified Apr 5, 2026. Web-confirmed sources.
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The Foam Party Hats Shark Tank Pitch
Manuel Rojas and Grace Rojas pitched Foam Party Hats on Shark Tank Season 12, Episode 5, which aired Friday, November 13, 2020, asking for $100,000 for 15% of the company — a $666,667 valuation.
Mark Cuban and Lori Greiner teamed up and agreed to invest $100,000 for 25% equity, valuing the company at $400,000. The deal closed after the show.
Watch the Pitch
Pitch Details
- Aired
- S12E5Nov 13, 2020
- Ask
- $100,000for 15%
- Ask Valuation
- $666,667
Deal Terms
- Amount
- $100,000
- Equity
- 25%
- Valuation
- $400,000
Mark Cuban
Lori Greiner