Fur Oil Shark Tank Update (Season 11)

“Fur Oil” is a natural pubic hair and skin product from the cosmetic company Fur. It’s a blend of grape seed oil, jojoba oil, clary sage oil, and tea tree oil that helps prevent ingrown hairs.

Fur Cosmetic Company not only offers ingrown hair oil but also produces various products for ingrown skin care and hair care, such as serums, creams, patches, brushes, etc. Customers can purchase all these products from the Amazon store and the company website.

Company NameFur
FounderLaura Schubert and Lillian Tung
ProductNatural skin and hair care cosmetic line
Asked For$500k for 2.5% equity
Final Deal$500k for 8% equity + $50k to a body positivity charity
SharkLori Greiner Profile for Shark Tank Lori Greiner
Episode (Shark Tank USA)S11 E13
Air DateFeb 28, 2020
Business StatusIn Business
WebsiteVisit Website
HeadquartersNew York, NY, US
Lifetime Worth (Sales)$37.4M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Fur?

Laura Schubert

Laura is the co-founder and CEO of this company; she holds a majority stake in the company. With years of experience, she has worked at “Goldman Sachs” and “L.E.K. Consulting.” Additionally, she served as a case team leader at Bain & Company for 2 years.

Lillian Tung

Lillian is the Co-Founder and CMO of the company. With years of experience in marketing, she has worked for renowned companies such as Time Inc. and Maybelline.

How Was The Shark Tank Pitch Of Fur?

Laura and Lillian, both female entrepreneurs, entered the Shark Tank and asked for $500k for 2.5% equity. They explained their business to the sharks, and while the sharks liked the business, they were not satisfied with the valuation of the company.

They told the Sharks that their sales last year were $5 million. Some media sites claim that in 2017, Emma Watson revealed that she uses fur oil. After this, sales of fur oil skyrocketed.

Daymond John’s first offer was $500k for 15% equity at a $3.3 million valuation. Kevin O’Leary offered $500k for 2.5% equity plus a royalty of $1 per unit until he recoups $1 million.

Lori Greiner offered $500k for a 12% stake plus an additional $50k donation to a charity that promotes body positivity. The co-founders countered all the sharks with $500k for 5% equity. Daymond went down to 10% equity.

Lori went down to 8% equity. The co-founders accepted the offer.

Fur Shark Tank Update

This product is available on Amazon as well as in popular retail stores like Credo Beauty, Nordstrom, Bluemercury, and Ulta Beauty. On August 24, 2023, this company launched its new product, Ingrown Deodorant.

As of September 2023, the annual sales of this company are $5 million.

What Is Fur Net Worth?

The estimated net worth of Fur is $10 million. This data is based on the company’s lifetime sales and current valuation. The Cosmetics Industry Has High Competition, Its Market Size In 2023 Is US$19.43 Billion In the United States.

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
2023$5M *estimated
2022$3.5M *estimated
2021$1.9M *estimated
2020$2M *estimated
2019$5M *estimated
2016-18$20M *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2019500kLori Greiner

The headquarters of this company is in New York, United States and according to LinkedIn, 11-50 people are working in it.

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