Plunge
Cold plunge tubs
Pitch Details
Season / Episode
S13E21
May 2, 2022
Ask
$1.2M
for 5%
Ask Valuation
$24M
Deal
$1.2M
for 12%
Watch the Pitch
Deal Terms
Amount$1.2M
Equity12%
Valuation$10M
Loan$1.2M
Robert HerjavecWhat Happened Next
Deal Fell Through
The company was growing so fast that its financial books were disorganized, creating due-diligence issues, and the rapidly increasing valuation made original deal terms unfavorable to founders.
Thriving
$100M
reported
- Deal with Robert Herjavec for $2.4M/12% never closed
- $80M+ in sales by end of 2023
- Expanded to saunas and outdoor showers
- 150,000 sq ft manufacturing facility; shipping 2,000+ units/month
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