Rareform Shark Tank Update

backpacks and bags made from recycled billboards

DealNow:ThrivingFashion & BeautySeason 8, Episode 19Los Angeles, CAby Alex and Aric AvedissianWebsite

What Happened to Rareform After Shark Tank

Is Rareform still in business? Yes — still in business and thriving.

  • Sales tripled in the aftermath of the original air date.
  • Over 200 surf shops, Whole Foods, REI, Amazon, and many other retailers nationwide.
  • Second facility in Nashville.
  • Projected to generate $5 million in annual revenue as of July 2024.

Last verified Apr 1, 2026. Web-confirmed sources.

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The Rareform Shark Tank Pitch

Alex and Aric Avedissian of Los Angeles, CA pitched Rareform on Shark Tank Season 8, Episode 19, which aired Friday, March 3, 2017, asking for $300,000 for 10% of the company — a $3M valuation.

Kevin O'Leary agreed to invest $300,000 for 10% equity, valuing the company at $3M, structured with a $300,000 loan. The deal closed after the show.

Pitch Details

Aired
S8E19Mar 3, 2017
Ask
$300,000for 10%
Ask Valuation
$3M

Deal Terms

Amount
$300,000
Equity
10%
Valuation
$3M
Loan
$300,000
Kevin O'LearyKevin O'Leary