What Happened To MyoStorm After Shark Tank?

MyoStorm is a Springville, Utah-based wellness & fitness company. This company was founded in 2018 by Jonothan DiPeri. The winning product of this company is ‘The Meteor’, a deep tissue massage ball. The heat and vibration of this ball relax the muscles and reduces pain.

Every person is very much concerned with the pain of their body. To reduce that pain, people spend thousands of dollars on therapy. Although the pain is reduced by therapy but the cost is very high.

‘The Meteor’ massage therapy ball product invented by ‘MyoStorm’ company can provide relief from different muscle pains.

After this company created the massage therapy ball, They launched a crowdfunding campaign on Kickstarter, from which they were able to raise $65,461.

After getting a good response from crowdfunding, the product was ready to enter the market. Finally, after a few months, the product was launched in the market.

Jonathan is a Ph.D. holder in Exercise Science and Mechanical Engineering. In this field, he came to know how vibration and heat affect the human body. After a lot of research ‘MyoStorm’ was born.

According to the Centers for Disease Control and Prevention, in 2021, 20.9% of adults in the United States are suffering from chronic pain.

Jonothan DiPeri, Shaquille Walker, and Jared Ward appear on Shark Tank Season 11 Episode 5 and demand $150,000 from the sharks for 10% equity at a $1.5 Million Valuation.

What’s new on MyoStorm

What Is MyoStorm?

MyoStorm is a wellness and fitness company that has developed the massage therapy ball ‘The Meteor’. This medical massage device is utilized cutting-edge technology. This vibration and heat therapy reduces pain and speeds up muscular recovery.

This medical massage ball device does not just work as a massager. By rolling the painful part of the body with this ball, the heat emanating from the ball and affecting the vibrating deep tissue reduces the pain in a short time.

Plantar Fasciitis, Back Pain, Neck Pain, Knee Pain, Arthritis, Sciatica, and Muscle Knots can be reduced by rolling this massage ball.

‘MyoStorm’ has launched two new products Meteor 2.1 and 3-in-1 Recovery Roller.

Company NameMyoStorm
FounderJonothan DiPeri
Founded2018
ProductPain relief products
Asked For$150k for 10% equity
Final Deal$150k for 5% + $1 royalty per ball until $500k is repaid
Shark Lori Greiner Profile for Shark Tank Lori Greiner
Episode (Shark Tank USA)S11 E5
Air DateOctober 27, 2019
Business StatusIn Business
WebsiteVisit Website
HeadquartersSpringville, Utah, United States
Lifetime Worth (Sales)$4.6M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of MyoStorm?

Jonothan DiPeri is the founder of ‘MyoStorm’ company and Logan Carlson is the executive in this company. Jonothan created the company MyoStorm LLC’ in 2018 after studying at Brigham Young University.

At the present time, he is the owner of three more companies Solely Jane, SíPo Studios, and REP Labs.

How Was The Shark Tank Pitch Of MyoStorm?

Jonothan enters Shark Tank with Shaquille Walker and Jared Ward and after explaining their product to the sharks, asks for $150k for 10% equity. When sharks used this massage ball on their body, they felt very good and relaxed.

The landed cost of the product is $40 and its selling cost is $160 which is very expensive. So far they have sold 900 units. Their total sales including Kickstarter is $120,000.

The reason for the total selling of the product is very less, Lori said that the product is expensive. If the cost of the product is within $100 then it can sell well.

Mark Cuban wasted no time and offered $250k for 20% equity. Matt Higgins asked Mark for a partner but Mark refused.

Mark dropped out because the founder expressed a desire to hear proposals from other sharks. Kevin O’Leary offered $150k for a 5% equity + a royalty of $1 per ball sold until $500k is recouped.

Matt Higgins made an offer of $150k for 10% equity. Lori Greiner said she will match Kevin’s offer. Jonothan and their team accepted Lori’s offer.

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 Shark Tank, all the products of this company got sold out. To reduce the price of the product, they launched the crowdfunding campaign of ‘The Meteor Mini’ product on Kickstarter on June 15, 2021.

The goal was set at $50,000 in this campaign but they raised $117,872. Due to the popularity of Shark Tank, they were able to raise a good amount on Kickstarter. However, that campaign got suspended on Kickstarter due to some reason.

On July 27, 2021, they launched a second campaign on Kickstarter and were able to raise $287,056 from that campaign.

What’s new on MyoStorm

Last Update: June 10, 2023

The company raised a total of $470,389 from the Kickstarter campaign alone. As of June 2022, the annual revenue of this company is $1.8 million.

They have launched a new accessory 3-in-1 Recovery Roller which costs $69. You can buy all their products from Amazon. As of June 2023, the annual revenue of this company is $2.3 million.

MyoStorm Shark Tank Update

Jonothan and their team were able to get into Shark Tank, but after this deal, their product sold out within a few weeks. Their Shark Tank pitch went so well that all the sharks showed interest to invest in their company.

We’re following Jonothan DiPeri along with their company for further updates.

What Is the Net Worth of MyoStorm?

The valuation of this company on Shark Tank was $1.5 million. Looking at the sales of this company at the present time, the worth can be estimated at $2.1 million. At present, we do not have much information available related to this company.

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$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.

YearsFunding Amount
Oct 2019$150K (Not Confirmed)
June 2019$200K (Seed Round)

Is MyoStorm Still In Business?

Since 2018, the ‘MyoStorm LLC company has been running. Meanwhile, Founder Jonothan has launched 3 more new companies Solely Jane, SíPo Studios, and REP Labs.

Their product has got a 3.9-star rating out of 5 for the buyer on Amazon. Due to the product being expensive, very few people have bought their product so far.

This wellness & fitness company is headquartered in Springville, Utah, United States, and employs 2-10 employees.

Yes, MyoStorm is still in business as of June 2023.