Boona Shark Tank Update (Season 15)

Brett Skaloud and Jeff Feiersen asked the Sharks for $400k for 10% equity at a $4 Million Valuation in Tandem Shower by Boona after appearing on Shark Tank Season 15 Episode 17.

When a couple goes together to take a shower, one person has to wait. If it is cold then it is more difficult to wait for more time. To solve this problem, Boona has introduced Tandem Shower, an after-market solution that converts standard showers into Dual Showers.

A few years ago in 2022, they made Tandem Shower prototypes and gave them to more than 50 people for testing and made improvements in Tandem Shower from their feedback.

Skaloud and Feiersen, both of whom are engineers, met at Amazon in 2006. Skaloud started his company Boona in March 2021 and Feiersen joined the company as co-founder in 2022. They ran a successful crowdfunding campaign on Kickstarter on April 12, 2022, and raised $774,113 in 35 days.

What Is Boona?

Boona is a personal care products brand and its product Tandem Shower is an attachment that turns a standard shower into an advanced/Dual shower. There is no need for contractors and renovations to install it, it gets installed easily.

The cost of one tandem shower is $199 and the cost of two is $249. Apart from this, they provide bulk delivery for hotels. You can buy their products from their official website.

Company NameBoona
FounderBrett Skaloud and Jeff Feiersen
Founded2021
ProductTandem Shower
Asked For$400k for 10% equity
Final DealNo Deals
SharkNo Sharks
Episode (Shark Tank USA)S15 E17
Air DateMarch 8th, 2024
Business StatusIn Business
WebsiteVisit Website
HeadquartersSeattle, Washington, USA
Lifetime Worth (Sales)$1.97M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Boona?

Image via ABC Shark Tank

Jeff Feiereisen is the co-founder of Buna and Brett Skaloud is the co-founder and CEO. This company was started in March 2021.

Feiereisen is an electrical engineer and has worked in different job positions for 3-4 years in Microsoft, Amazon, and LivePerson Company. Skaloud is a mechanical engineer and has worked as a designer at Redbox and Amazon.

How Was The Shark Tank Pitch Of Boona?

Skaloud and Feiersen asked the Sharks for $400k for 10% equity. Currently, they have 5,000 customers and their average rating is 4.7 out of 5 stars. They made $774,113 in sales through Kickstarter by selling approximately 3,000 units.

In 2023, they believe that they will make $1.7 million in sales. The gross profit in these sales is 71% and the net profit is 54%. Their total profit from $1.7 million in sales will be over $850,000.

The landed cost of the product is $69. Barbara Corcoran’s issue is regarding the water pressure of the shower, so she is out. Robert Herjavec said he was not the person who would buy this shower.

Mark Cuban said he doesn’t think it’s an investable business, so he is out. Lori Greiner said that she is not able to connect with the product for investment purposes, so she is out.

Kevin O’Leary has given 2 offers. The first is $400k for 10% equity + a royalty of $40 per unit sold until $1.2 Million is paid and the second is $400k for 33.3% equity. Skaloud countered $600k for 20% equity. Kevin said no.

Mark Cuban is concerned that Skaloud offered Kevin 20% equity and they currently have $250k cash in the bank. In Mark and Founders’ talk, Kevin O’Leary said that he is out.

Sharks Offers list!

SharksOffers
Robert Herjavec Robert HerjavecNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’Leary$400k for 10% equity + a royalty of $40 per unit sold until $1.2 Million is paid (#1)
$400k for 33.3% equity (#2)
Mark Cuban Shark Tank Profile Mark CubanNo Offer
Barbara Corcoran Barbara CorcoranNo Offer
Lori Greiner Profile for Shark Tank Lori GreinerNo Offer
Founder’s (Countered)$600k for 20% equity
Final DealsNo Deals

What Happened To Boona After Shark Tank?

Tandem Shower by Boona did not get the deal in Shark Tank, all the sharks refused to invest in this business. Although Mr. Wonderful had offered he also withdrew his hand. Many users on Reddit have expressed concern about the pressure of the showers.

Boona Shark Tank Update

Both co-founders Skaloud and Feiersen gave a very good presentation of their product to the sharks and also talked about a lot of things. Co-Founder Sharks are needed to use their expertise to make the product available in Bigbox stores.

What Is Boona’s Net Worth?

Boona’s net worth is estimated at $0.7 million. This is a unique product and according to us, many couples need it and will buy it after Shark Tank. By running a Kickstarter campaign in 2022 alone, an amount of $774,113 was raised in 35 days.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2024 *estimated
2023$1.2M *estimated
2022$774k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
N/AN/AN/A

Is Boona Still In Business?

Both the co-founders are devoting their full time to this company till March 2024 and their goal should be to make the product available in Bigbox retail stores. If the quality of the product is good then a very big brand can be created.

The headquarters of this company is in Seattle, Washington, United States and it has 2-10 employees according to its LinkedIn profile.

Yes, Boona is still in business as of March 2024.

frequently asked questions

Who is the Founder of Boona?

Boona was founded by Brett Skaloud and Jeff Feiersen.

Did Boona get a deal on Shark Tank?

Tandem Shower by Boona didn’t deal on Shark Tank