LoveSync is a device that plays a vital role in love life and sexy time. This company was formed by Ryan Cmich and Jennifer Cmich in 2019 to improve the love life of couples with the Lovesync device.
They raised $21,600 by launching a crowdfunding campaign on Kickstarter for 30 days on Feb 11, 2019. Most backers on Kickstarter say the shipping cost was $0, but after participating in the campaign, they asked for extra money for shipping.
Ryan and Jennifer appeared on Shark Tank Season 11 Episode 11 to increase product sales and grow their business. After appearing on Shark Tank, they asked the sharks for $100,000 for 10% equity at a $1 Million Valuation.
What is LoveSync?
LoveSync is a love-making device that helps couples to give love signals. It is very easy to use this device. There are two different buttons in this device which stays near the couple’s bed.
If the mood is made for loving, then they press the button, immediately after that the button will become active and the next partner will give a signal by pressing the button. After this Ring light will start on both buttons, which means both partners are ready for loving.
A touch sensor has been used in this device and its cost is $84.99.
|Founder||Ryan Cmich and Jennifer Cmich|
|Product||Love making Device|
|Asked For||$100k for 10% equity|
|Final Deal||No Deals|
|Episode (Shark Tank USA)||S11 E11|
|Air Date||Jan 12, 2020|
|Business Status||In Business|
|Headquarters||Akron, Ohio, US|
|Lifetime Worth (Sales)||$1.3M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of LoveSync?
The co-founders of LoveSync Company are Ryan Cmich and Jennifer Cmich, they started this company in 2019.
Jennifer is an accountant and is currently the Operations Manager at Avenues of Counseling and Mediation.
How Was The Shark Tank Pitch Of LoveSync?
Co-founders Ryan and Jennifer entered the Shark Tank with Lovesync Products and gave a great pitch. They have generated sales from Kickstarter only by selling 400 units. They have a making cost of thousands of units of $14-$22.
Now they have developed a mobile app based on this concept. Mark Cuban is out because Ryan confused the business too much.
All the sharks have gone out because this business is not investable at present.
What Happened To LoveSync After Shark Tank?
LoveSync didn’t get the deal on Shark Tank. All the sharks refused to invest in this business because this company is not investable at present.
The Lovesync mobile app under the company BelaVivo LLC was released on Playstore for Android users and Appstore for iOS users in May 2023. This mobile app has been downloaded 10k+ on Playstore and 10k+ on Appstore. The rating of their app is 3.2 stars on Playstore and 4.1 stars on Appstore.
What’s new on LoveSync
Last Update: August 25, 2023
As of August 2023, The lifetime revenue of this company is $1.3 million.
LoveSync Shark Tank Update
Unfortunately, LoveSync did not get funding for Shark Tank. Several years have passed since this episode of Shark Tank aired, but valuable information related to the company has not been available.
What Is the Net Worth of LoveSync?
Currently, LoveSync’s net worth is estimated at $300k. Every year many companies appear on Shark Tank, but only a few of them get investment. Only a few of the companies that have received investment become big brands such as SparkCharge, Scrubdaddy, and More.
Is LoveSync Still In Business?
LoveSync website and mobile app are still active and thousands of users are using their mobile app for free.
This company base is in Akron, Ohio, United States.
Yes, LoveSync is Still in business as of August 2023.