MyoStorm is a wellness and fitness company that has developed the massage therapy ball known as The Meteor. This innovative medical massage device utilizes cutting-edge technology, combining vibration and heat therapy to reduce pain and accelerate muscular recovery.
The Meteor does more than just massage; by rolling it over painful areas of the body, the heat and deep tissue vibrations work together to alleviate pain quickly.
This device can help relieve various conditions, including Plantar Fasciitis, Back Pain, Neck Pain, Knee Pain, Arthritis, Sciatica, and Muscle Knots.
Recently, MyoStorm launched two new products: Meteor 2.1 and 3-in-1 Recovery Roller.
| Company Name | MyoStorm | |
| Founder | Jonothan DiPeri | |
| Founded | 2018 | |
| Product | Pain relief products | |
| Asked For | $150k for 10% equity | |
| Final Deal | $150k for 5% + $1 royalty per ball until $500k is repaid | |
| Shark |  Lori Greiner | |
| Episode (Shark Tank USA) | S11 E5 | |
| Air Date | October 27, 2019 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Springville, Utah, United States | |
| Lifetime Worth (Sales) | $4.6M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of MyoStorm?
Jonothan DiPeri is the founder of MyoStorm, with Logan Carlson serving as an executive in the company. Jonothan established MyoStorm LLC in 2018 after studying at Brigham Young University.
Currently, he is also the owner of three other companies: Solely Jane, SíPo Studios, and REP Labs.
How Was The Shark Tank Pitch Of MyoStorm?
Jonothan, along with Shaquille Walker and Jared Ward, entered Shark Tank to present their product, the MyoStorm massage ball. They sought $150,000 for a 10% equity stake. The sharks experienced the massage ball firsthand and reported feeling relaxed and rejuvenated.
The landed cost of the product is $40, while its selling price is $160, which many considered expensive. To date, they have sold 900 units, resulting in total sales of $120,000, including sales from Kickstarter.
Lori Greiner pointed out that the product’s high price is likely a barrier to sales, suggesting that it could perform better if priced under $100.
Mark Cuban quickly offered $250,000 for a 20% equity stake. When Matt Higgins requested to partner with Mark, he declined. Mark later withdrew his offer after Jonothan expressed a desire to consider proposals from other sharks.
Kevin O’Leary then offered $150,000 for a 5% equity stake plus a royalty of $1 per ball sold until he recoups $500,000. Matt Higgins matched the original ask with an offer of $150,000 for 10% equity.
Lori Greiner also agreed to match Kevin’s offer. Ultimately, Jonothan and his team accepted Lori’s proposal.
Finalized: Lori Greiner invests $150k in ‘MyoStorm’ for 5% equity + a royalty of $1 per ball sold until $500k is recouped.
What Happened To MyoStorm After Shark Tank?
After their appearance on Shark Tank, all products from MyoStorm sold out quickly. To make their product more affordable, they launched a crowdfunding campaign for The Meteor Mini on Kickstarter on June 15, 2021.
Their initial goal was set at $50,000, but they raised an impressive $117,872 due to the increased visibility from Shark Tank. Unfortunately, this campaign was suspended for unspecified reasons.
On July 27, 2021, they initiated a second Kickstarter campaign, successfully raising $287,056. In total, the company raised $470,389 through these campaigns alone.
As of June 2022, MyoStorm reported an annual revenue of $1.8 million. They also introduced a new accessory, the 3-in-1 Recovery Roller, priced at $69. Customers can purchase all their products on Amazon. By June 2023, their annual revenue increased to $2.3 million.
Jonothan DiPeri and his team capitalized on their Shark Tank success, which generated significant interest from the sharks.
We will continue to follow Jonothan DiPeri and MyoStorm for further updates.
What Is the Net Worth of MyoStorm?
The valuation of MyoStorm on Shark Tank was $1.5 million. Considering the current sales figures, the company’s worth can be estimated at $2.1 million. However, there is limited information available about the company at this time.
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 | $2.3M *estimated |
| 2022 | $1.8M *estimated |
| 2021 | $400k *estimated |
| 2020 | $120k *estimated |
Funding Reports to Date!
Note: We have brought this report from our research and some trusted sources.
| Years | Funding Amount |
| Oct 2019 | $150K (Not Confirmed) |
| June 2019 | $200K (Seed Round) |
MyoStorm is a wellness and fitness company headquartered in Springville, Utah, United States, and it employs between 2 to 10 employees.
Yes, MyoStorm is still in business as of June 2023.
