Solemates

cap for shoes to prevent them from sinking into grass

SolematesDidn't CloseFashion & BeautyWebsiteNew York, NYS8E4

Pitch Details

Season / Episode

S8E4

Oct 14, 2016

Ask

$500,000

for 10%

Ask Valuation

$5M

Deal

$500,000

for 20%

Watch the Pitch

Deal Terms

Amount$500,000
Equity20%
Valuation$2.5M
Robert HerjavecRobert Herjavec

What Happened Next

Deal Fell Through

Founders backed out; 20% equity stake was too large; preferred to keep full control; signed CVS partnership independently

Operating

$2M

reported

  • Appeared on Season 7; deal with Lori Greiner for $300K for 30%
  • High-heel protectors that prevent heels from sinking into grass/soft ground
  • Available on Amazon, bridal shops, and QVC
  • Popular for weddings, outdoor events, and horse racing days
  • Steady sales as a niche women's shoe accessory

Get updates on Solemates