Boost Oxygen is a protable oxygen brand that provides 95% pure oxygen in a lightweight aluminum bottle. This lightweight portable canisters is easy to use and the user can carry the bottle anywhere. The design of this oxygen canisters is also very good.
There are many people who live at high altitude location or go for vacation and there the oxygen level is very low. Due to this people are not able to breathe properly. The issue of low oxygen level is more common in athletes and senior citizens.
To solve this problem, Mike Grice and Rob Neuner launched Boost Oxygen in 2007. There are many people who require supplemental oxygen for various reasons, including pilots, climbers, truckers and more.
Oxygen was discovered in 1772 by the Swedish chemist Carl Wilhelm Scheele. Man needs oxygen to survive, without oxygen no living creature will be able to survive for a few hours.
This boost oxygen company supplies personal oxygen cans to 13 countries of the world so that people do not have to face lack of oxygen.
CO-Founders Mike Grice and Rob Neuner decided to go to Shark Tank for funding, asking the sharks for $1 million for 5% equity at $20 Million Valuation. This is a high valuation company in Shark Tank.
What Is Boost Oxygen?
Boost Oxygen is a Milford, Connecticut based supplemental oxygen provider brand. The brand claims to provide 95% of an aviator’s breathing oxygen in a lightweight aluminum bottle.
The portable canisters of this brand can be easily used and carried anywhere. This portable 95% complete supplemental oxygen can contains 21% oxygen and 78% nitrogen. All Oxygen is completely natural and available at multiple aromatherapy scents.
No medical prescription is required to buy this oxygen can as it is not medical-grade oxygen. This oxygen can is available in multiple sizes and scents Natural, Peppermint, Pink Grapefruit, Menthol and more. Its cost is from $8.99 to $17.99.
You can buy these oxygen cans at CVS Retail Store, Walmart, Kroger, Lowes and many more. Apart from these, this can is also available on Amazon.
|Company Name||Boost Oxygen|
|Founder||Mike Grice and Rob Neuner|
|Product||Portable 95% Pure Supplemental Oxygen|
|Asked For||$1M for 5% equity|
|Final Deal||$1M as a loan at 75.% intrest for 6.5% equity|
|Episode (Shark Tank USA)||S11 E2|
|Air Date||Oct 6, 2019|
|Business Status||In Business|
|Headquarters||Milford, Connecticut, United States|
|Lifetime Worth (Sales)||$41 Million+|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Boost Oxygen?
Rob Neuner is the Founder and CEO of Boost Oxygen. This company’s Chief Operating Officer is Mike Grice. Together these two started this company in 2007.
Rob grew up in Lakes, NJ and earned an MBA in International Finance from the Fordham Gabelli School of Business. He worked as a beer distributor from the Czech Republic for many years and that is where he got the idea of oxygen canisters.
How Was The Shark Tank Pitch Of Boost Oxygen?
Mike Grice and Rob Neuner both entered the shark tank and told the sharks how important the oxygen cans are at the high altitude location. After the pitch, they asked the sharks for $1M for 5% equity.
Barbara Corcoran said I am out. This year their sales are $6.4 million and their profit is $1.5 million. Their net income in 2018 was $705,000. Rob has told that their company owns 95% of the market share in the United States.
The cost of the product is $7.99, 9.99 and $17.99 for the consumer and the cost of manufacturing a 2 liter can is $2.5. The founder said that with this $1 million funding, they will hire staff and expand retail distribution.
Rohan oza said it is a Decent market so he is out. Lori Greiner and Mark Cuban both refused to invest in this business. Kevin O’Leary offers $1M loan at 9% interest for 36 months on 7.5% equity.
The founder countered $1 million as a loan at 6% interest for 5% equity. Kevin countered with a $1 million loan at 7.5% interest for 6.25% equity.
Finalize: Kevin O’Leary invests $1M as a loan at 75.% intrest for 6.5% equity in “Boost Oxygen”.
What Happened To Boost Oxygen After Shark Tank?
Boost Oxygen got a deal in Shark Tank, Kevin invested $1 million in the company as a loan. After this episode aired, Kevin promoted this product by uploading a video. Along with all the sharks, some popular celebrities have also been seen using this product.
In April 2020, the company donated $5,000 to the Connecticut Food Bank. Boost’s founder Rob told that after this episode aired, all the products were sold out in 3 days.
In the time of 2020 Covid19, this boost company’s growth was on hike and many people used this product all over the United States.
Jung Kook, a member of BTS, was spotted using this Boost Oxygen on Disney+. There are many popular celebrities who are using this product in today’s time.
The Boost Company report was shared in Season 12 Episode 23, selling $15 million within 1 year of the company appearing on Shark Tank. Earlier when the products of this company were in only 4,000 retail stores, now they have expanded to 8,000. On 2021, this company had crossed $20 million revenue.
What’s new on Boost Oxygen
As of February 2023, Boost Oxygen is available at 13375+ retail stores in the United States including Walmart, Lowe’s, Kroger, CVS and More.
This company distributes products to Singapore, Equador, Australasia, New Zealand, South Africa, Spain, Italy and many more countries. This company is distributing portable oxygen cans to 13+ countries.
Boost Oxygen Shark Tank Update
The Shark Tank episode was successful for this business, many people bought this product and all the products were sold out in just 3 days.
This company’s progress report was revealed in Shark Tank Season 12 Episode 23. Within 1 year, the company’s sales reached $15 million annually and it is available in 8,000+ stores.
We’re following Mike Grice and Rob Neuner along with their company for further updates.
What Is The Net Worth of Boost Oxygen?
The valuation of this company in Shark Tank was at $20 million, although this company got funding of $1 million as a loan. Boost Oxygen could be worth $20M – $35M depending on the company’s sales and performance.
The founders claim that they own 95% of the market share in the United States for their product Category. People carry a portable oxygen can to go to the low oxygen place, it makes breathing easier. Due to global warming, the oxygen level is gradually decreasing.
Is Boost Oxygen Still In Business?
Boost company is performing very well in terms of sales. Available at over 8,000+ supermarket retail stores across the United States. This company is distributing oxygen can product to more than 13 countries.
This company has been sponsoring the Mentoring Veterans Program for a long time. Apart from this, they also do a lot of work related to Charity. Currently, the ambassador of this boost company is Kelsey Perkins from Colorado.
The company has been featured in multiple media publications including The Sun, Vogue, Balla, Mail Online and many more.
The company is headquartered in Milford, Connecticut, United States and employs 11 – 50 people according to its LinkedIn profile.
Yes, Boost Oxygen is still in business as of February 2023.
frequently asked questions
How long does Boost Oxygen last?
This oxygen can will help in breathing for an estimated one week.
Does Boost Oxygen increase oxygen levels?
Yes, Increases the oxygen level in the body of the person who use boost oxygen.