Fur Oil Shark Tank Update (Season 11)

Fur Oil is a natural product from the cosmetic company Fur, designed for pubic hair and skin care. It contains a blend of grape seed oil, jojoba oil, clary sage oil, and tea tree oil, which helps prevent ingrown hairs.

In addition to Fur Oil, the company offers a range of products for ingrown hair and skin care, including serums, creams, patches, and brushes. These products are available on Amazon and the company’s website.

Company NameFur
FounderLaura Schubert and Lillian Tung
Founded2016
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 the company, holding a majority stake. She has extensive experience, having worked at Goldman Sachs and L.E.K. Consulting. She also spent two years as a case team leader at Bain & Company.

Lillian Tung
Lillian is the co-founder and CMO of the company. With a strong background in marketing, she has worked for prominent companies like Time Inc. and Maybelline.

How Was The Shark Tank Pitch Of Fur?

Laura and Lillian, both female entrepreneurs, appeared on Shark Tank seeking $500,000 for 2.5% equity in their company. They presented their business to the sharks, who liked the concept but were not satisfied with the company’s valuation.

The co-founders revealed that their sales last year totaled $5 million. Some media outlets claim that in 2017, Emma Watson mentioned using Fur Oil, which led to a significant sales boost.

Daymond John’s initial offer was $500,000 for 15% equity, valuing the company at $3.3 million. Kevin O’Leary proposed $500,000 for 2.5% equity plus a $1 royalty per unit until he recouped $1 million. Lori Greiner offered $500,000 for 12% equity and pledged an additional $50,000 to a body positivity charity.

The co-founders countered with $500,000 for 5% equity. Daymond reduced his offer to 10%, while Lori lowered hers to 8%. Ultimately, the co-founders accepted Lori’s offer.

Fur Shark Tank Update

This product is available on Amazon and in popular retail stores such as Credo Beauty, Nordstrom, Bluemercury, and Ulta Beauty. On August 24, 2023, the company launched a new product called Ingrown Deodorant.

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

What Is Fur Net Worth?

Fur’s estimated net worth is $10 million, based on its lifetime sales and current valuation. The cosmetics industry is highly competitive, with a U.S. market size of $19.43 billion in 2023.

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 company is headquartered in New York, United States, and according to LinkedIn, it has between 11 and 50 employees.

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