Plunge Shark Tank Update
Cold plunge tubs
What Happened to Plunge After Shark Tank
Is Plunge still in business? Yes — still in business and thriving.
$100M
reported annual revenue
- 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
Last verified Apr 4, 2026. Web-confirmed sources.
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The Plunge Shark Tank Pitch
Michael Garrett and Ryan Duey pitched Plunge on Shark Tank Season 13, Episode 21, which aired Monday, May 2, 2022, asking for $1.2M for 5% of the company — a $24M valuation.
Robert Herjavec agreed to invest $1.2M for 12% equity, valuing the company at $10M, structured with a $1.2M loan. The deal fell through after the show. 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.
Watch the Pitch
Pitch Details
- Aired
- S13E21May 2, 2022
- Ask
- $1.2Mfor 5%
- Ask Valuation
- $24M
Deal Terms
Terms agreed on air. The deal did not close.
- Amount
- $1.2M
- Equity
- 12%
- Valuation
- $10M
- Loan
- $1.2M
Robert Herjavec