Meat the Mushroom Shark Tank Update (Season 15)

Meat The Mushroom has brought vegan bacon which is an alternative to pork for vegetarians. This business was founded by Marvin and Aleah Montague in 2021. When Marvin adopted vegan foods 7 years ago, plant-based living had a profound impact on his health.

Due to a healthy vegan diet, he also cured his asthma. For this reason, They created their first product SHROOMACON. This product is currently available at retail stores like Woodman’s, Mom’s Organic Market, Green Life Market, Central Market, etc.

This husband and wife team appeared on Shark Tank Season 15 Episode 12 and asked the Sharks for $150k for 7.5% equity at a $2 Million Valuation. They need to expand this product nationwide with the help of Sharks.

What Is Meat the Mushroom?

Meat the Mushrooms is a vegan food business that sells vegan bacon. Their vegan bacon is made from 5 ingredients mushrooms, olive oil, smoke flavor, salt, and black pepper. Their vegan Bacon contains no nitrates, no soy, no gluten, no cholesterol, and no saturated fats.

Each pack contains 8-10 slices and each slice has 25 calories. The cost of 4 packs is $48 and the cost of 8 packs is $88.

Company NameMeat the Mushroom
FounderMarvin and Aleah Montague
Founded2021
ProductVegan Bacon
Asked For$150k for 7.5% equity
Final Deal$150k for 33.3% equity
SharkKevin O'Leary Shark Tank Profile Kevin O’LearyLori Greiner Profile for Shark Tank Lori Greiner
Episode (Shark Tank USA)S15 E12
Air DateJan 26, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersBaltimore, Maryland, USA
Lifetime Worth (Sales)$360k *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Meat the Mushroom?

Meat the Mushroom business co-founders are Marvin and Aleah Montague
Image via ABC Shark Tank

The Co-Founders of Meat the Mushroom Business are Marvin and Aleah Montague. Both husband and wife started this business in 2021. Marvin is currently focusing on this planned-based food business.

How Was The Shark Tank Pitch Of Meat the Mushroom?

After entering the Shark Tank, both Marvin and Aleah asked the Sharks for $150k for 7.5% equity. All the Sharks loved the taste of this plant-based bacon made from king oyster mushrooms.

Making the Cost of One Single Pack Product $2.09, Wholesale $4.40, and Retail Cost $8.99. This price is expensive for retail customers. Sales from May 2021 to December 2021 are $38,000, sales in 2022 are $86,000 and so far in 2023, total sales have been $238,000.

Their lifetime sales so far are over $360,000 and 93% of their sales are direct customers. Kevin O’Leary said the valuation is crazy and made his offer of $150k for 33.3% equity.

In Season 11 Episode 8, Mark Cuban made a deal with the plant-based meat company Mrs. Goldfarb’s Unreal Deli, that’s why he is out. Kevin O’Leary asked for 34% equity. Daymond John and Daniel Lubetzky refused to invest in this business.

Lori Greiner made an offer of $150k for 33.3% equity. Lori Greiner & Kevin O’Leary teamed up to offer $150k for 33.3% equity. Aleah countered with $200,000 for 33.3% equity. But Kevin said no so Aleah offered 34% equity. Again Kevin said no.

Marvin & Aleah agreed to Kevin & Lori’s $150k for 33.3% equity.

Sharks Offers list!

SharksOffers
Daniel Lubetzky Shark Tank Profile Daniel LubetzkyNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’Leary$150k for 33.3% equity (#1)
$150k for 34% equity (#2)
$150k for 33.3% equity (#3) with Lori
Mark Cuban Shark Tank Profile Mark CubanNo Offer
Daymond John Daymond JohnNo Offer
Lori Greiner Profile for Shark Tank Lori Greiner$150k for 33.3% equity (#1)
$150k for 33.3% equity (#2) with Kevin
Founder’s (Countered)$200k for 33.3% equity (#1) (Lori & Kevin)
Final Deals$150k for 33.3% equity

What Happened To Meat the Mushroom After Shark Tank?

Meat The Mushrooms got a deal on Shark Tank. Kevin O’Leary and Lori Greiner invested $150k in the business in exchange for 33.3% equity.

On January 29, 2024, their vegan bacon product was sold out and Aleah Montague also gave an interview on ABC channel WMAR2 News. Meat the Mushroom January 2024 was nominated in Veg News’ 2024 Veggie Awards.

Meat the Mushroom Shark Tank Update

This husband and wife team, after entering the Shark Tank, completely explained their business to the Sharks. After this episode aired, many people nationwide came to know about this business and there is a chance that the growth of the business will increase 2x times.

What Is Meat the Mushroom’s Net Worth?

Meat the Mushroom’s net worth is estimated at $0.5 million. The market size of vegan bacon in 2022 is expected to be $1,271.3 million and this industry is growing slowly. It is expected that by 2023 this industry will reach USD 2083.5 million.

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$238k *estimated
2022$86k *estimated
2021$38k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$150kKevin O’Leary
Lori Greiner

Is Meat the Mushroom Still In Business?

Marvin and Aleah are currently focusing on this single plant-based vegan food, Bacon, which is a positive thing. It is good for business if the first product becomes successful and then moves to the second product.

The official address of this business is in Baltimore, Maryland, United States and 2 people are working in it.

Yes, Meat the Mushroom is still in business as of January 2024.

frequently asked questions

Who founded Meat the Mushroom?

Meat the Mushroom was founded by Marvin and Aleah Montague.

Did Meat the Mushroom get a deal on Shark Tank?

Yes, Meat The Mushrooms got a deal on Shark Tank.