Solemates Shark Tank Update

cap for shoes to prevent them from sinking into grass

Fell ThroughNow:ThrivingFashion & BeautySeason 8, Episode 4New York, NYWebsite

What Happened to Solemates After Shark Tank

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

$2M

reported annual revenue

Deal Fell Through

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

  • They ended up doing a deal with CVS and are now in over 4000 of their stores.
  • There are new items in the line, too: shoe fresheners, blister protectors, a 'winter warrior' collection and more.
  • As of November, 2023, the company is still chugging along with annual revenues of $2 million.

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

Get updates on Solemates

The Solemates Shark Tank Pitch

Solemates, from New York, NY, pitched on Shark Tank Season 8, Episode 4, which aired Friday, October 14, 2016, asking for $500,000 for 10% of the company — a $5M valuation.

Robert Herjavec agreed to invest $500,000 for 20% equity, valuing the company at $2.5M. The deal fell through after the show. Founders backed out; 20% equity stake was too large; preferred to keep full control; signed CVS partnership independently.

Watch the Pitch

Pitch Details

Aired
S8E4Oct 14, 2016
Ask
$500,000for 10%
Ask Valuation
$5M

Deal Terms

Terms agreed on air. The deal did not close.

Amount
$500,000
Equity
20%
Valuation
$2.5M
Robert HerjavecRobert Herjavec