Eyewris offers foldable and stylish reading glasses that are not only fashionable but also comfortable and lightweight. These glasses can conveniently be worn on the wrist when not in use.
Features include scratch-resistant, smudge-resistant, and anti-reflective coatings, along with 100% UV protection and a blue light filter. Under normal usage, these reading glasses can last up to one year.
The frames are crafted from Swiss TR-90 thermoplastic, while the bridge is made from nickel-titanium memory metal and stainless steel. The Eyewris frame is designed to withstand opening and closing up to 25,000 times. The regular price for these glasses is $110, but they are currently available for $65.
Company Name | Eyewris | |
Founder | Mark Singer and Kenzo Singer | |
Founded | 2022 | |
Product | Reading Glasses On Your Wrist | |
Asked For | $25k for 5% equity | |
Final Deal | $125k for 20% equity | |
Shark | ||
Episode (Shark Tank USA) | S14 E22 | |
Air Date | May 19, 2023 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Santa Barbara, California, United States | |
Lifetime Worth (Sales) | $28K *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who is The Founder of Eyewris?
Eyewris was founded by father and son duo Mark Singer and Kenzo Singer. The idea for these innovative reading glasses first came to Mark while he was working with wood. He began discussing this business concept with his son, Kenzo, leading to the creation of the company.
Mark Singer
Mark is an award-winning furniture designer and inventor. He launched his first company, Gorilla Glue, in 1999, later selling it to the Lutz Tool Company. His designs have been showcased in numerous prestigious museums, including the Museum of Modern Art in New York and the San Francisco Museum of Modern Art.
Kenzo Singer
Kenzo serves as the co-creator and president of Eyewris. He oversees the structural engineering aspects of the company. Kenzo earned his master’s degree in structural engineering from Cornell University in 2011.
How Was The Shark Tank Pitch Of ‘Eyewris’?
Mark and Kenzo entered Shark Tank, seeking $25,000 for a 5% equity stake in their business. This father-son duo delivered an impressive pitch. They hold utility patents in 26 European countries, as well as in the United States, China, and Japan. The reading glasses have a manufacturing cost of $30.50 and are sold online for $110, including shipping.
During the first nine months of operation, they generated $28,000 in sales. Mark Singer has invested $630,000 in the business to date.
Lori Greiner became emotional during the pitch, moved by Mark’s story, and offered $25,000 for 10% equity. Kevin O’Leary also expressed interest, offering $50,000 for 10% equity. All the sharks showed enthusiasm for a deal, but the founders were hesitant to give up too much equity.
Lori suggested that all five sharks—Mark Cuban, Daymond John, Kevin O’Leary, Barbara Corcoran, and herself—would collectively invest $125,000 for 25% equity. In response, Kenzo countered with a proposal for 20% equity, which he felt was a more reasonable offer.
Finalize: All 5 Shark invests $125k in ‘Eyewris ’ for 20% equity.
Eyewris Shark Tank Update
The Eyewris glasses gained significant popularity after their appearance on Shark Tank. Many viewers of the show are likely to consider purchasing these stylish reading glasses.
With a unique design, Eyewris reading glasses have received positive attention on social media, attracting many buyers drawn to their aesthetic appeal.
Father and son duo Mark and Kenzo delivered an impressive pitch on Shark Tank, highlighting how their reading glasses stand out from the competition. They discussed various aspects, from sales to the overall performance of the business thus far.
We’ll continue to follow Mark Singer, Kenzo Singer, and their company for further updates.
What is The Net Worth of Eyewris?
The current estimated worth of Eyewris is $625,000. According to the Vision Council of America, approximately 64% of people in the United States wear glasses, with around 70% of American adults using eyewear.
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.
Years | Annual Revenue |
2023 | TBD |
2022 | $28k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
May 2023 | $125k (Seed) | All 5 Sharks |
Yes, ‘Eyewris’ is still in business as of April 2024.