Novel Effect

Novel Effect - storybook app with voice effects

Novel EffectDidn't CloseChildren & EducationWebsiteSeattle, WAS9E6

Pitch Details

Season / Episode

S9E6

Oct 29, 2017

Ask

$500,000

for 10%

Ask Valuation

$5M

Deal

$500,000

for 15%

Deal Terms

Amount$500,000
Equity15%
Valuation$3.3M

What Happened Next

Deal Fell Through

Deal with Lori Greiner did not go through; unable to reach satisfactory agreement

Thriving

$4M

reported

  • Company later raised $4.2 million in external funding.

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