Stealth Bros & Co. Shark Tank Episode 2 Update | Season 14

Stealth Bros & Co. Shark Tank Episode 2 Update | Season 14

Stealth Bros & Co. appeared on Season 14 Episode 2 of Shark Tank, where its founder, Braxton Fleming, sought to raise $200,000 for 15% equity in his luxury Dopp kit company. The business, founded in 2017, aimed to provide stylish and practical storage solutions for medical and personal necessities.

His business focuses on stylish and functional pouches designed for individuals who require regular injections, particularly within the transgender community.

Update Since Shark Tank

Following their appearance on the show:

• Successful Deal: Braxton secured a deal with Barbara Corcoran and Mark Cuban, who offered $200,000 for a 20% equity stake, with half of the investment as a line of credit. This deal was significant, not just for the financial backing but also for the emotional support it provided to Braxton and the community he represents.
• Sales and Growth: Since the episode aired, Stealth Bros & Co. has seen positive growth, with increased visibility and sales. The company has been recognized for its stylish and practical solutions for managing medical supplies.
• Product Features: The pouches include a cylindrical container for safely disposing of needles, addressing a common concern for users. This combination of functionality and design has helped the product stand out in the market.
• Community Impact: Braxton’s journey and the mission behind Stealth Bros & Co. resonate with many in the LGBTQ+ community, further enhancing the brand’s appeal and customer loyalty.

As of October 2023, Stealth Bros & Co. is estimated to have a net worth of around $1 million, reflecting its growth and the positive reception of its products.

The support from Barbara and Mark is expected to help the company scale further, potentially reaching new markets and expanding its product line.

What Is Stealth Bros & Co.? How Does It Work?

Stealth Bros & Co. is a company that designs and manufactures luxurious Dopp kits. These kits are tailored for individuals who need to carry medical supplies like injection needles and sharps waste safely and discreetly.

The company primarily serves communities such as those undergoing hormone therapy, diabetes management, or IVF treatment, where regular medical injections are necessary.

Braxton Fleming, the founder and a transgender male, created the product out of necessity. He needed a stylish and convenient way to store his weekly hormone injections and related supplies. After finding no suitable options on the market, Braxton decided to create his own, leading to the birth of Stealth Bros & Co.

The product line includes:

• Dopp Premium Leather Kits for organizing and carrying medical supplies.
• Sharps & Needle Shuttles for safely storing used needles and other sharps waste.
• Sharps Containers designed for safe disposal of needles and syringes.

These products are not only functional but also aesthetically appealing, catering to individuals who value both style and safety in their medical storage solutions.

Stealth Bros & Co. Shark Tank Full Episode 2: What Happened at the Pitch?

During his Shark Tank appearance, Braxton asked for $200,000 in exchange for 15% equity in his company, valuing Stealth Bros & Co. at $1.3 million. He passionately shared his personal journey as a transgender man and how his experiences led him to develop the product line.

• Save

The sharks were impressed by Braxton’s story and the clear need for his product. However, they had some reservations about the business model and potential for growth.

Kevin O’Leary, Lori Greiner, and Robert Herjavec all decided to pass on the opportunity, citing concerns about scalability and fit within their portfolios.

However, Barbara Corcoran and Mark Cuban saw potential in Braxton and his mission. Barbara initially offered $200,000 for 20% equity, half as a line of credit and the other half as cash. Mark decided to join Barbara on the deal, creating a joint offer.

After some negotiation, Braxton accepted their offer of $200,000 for 20% equity. This marked a significant moment for Braxton and the communities his company serves.

What Happened To Stealth Bros & Co. After Shark Tank?

Since appearing on Shark Tank, Stealth Bros & Co. has experienced considerable growth. The deal with Barbara Corcoran and Mark Cuban was finalized, and with their backing, the company has expanded its reach and visibility.

The company saw a spike in sales following the episode’s airing, a phenomenon often referred to as the “Shark Tank effect.” Customers flocked to the Stealth Bros & Co. website to purchase the luxury Dopp kits, leading to an increase in both revenue and brand recognition.

Stealth Bros & Co. Shark Tank Pitch Summary

How Much Is Stealth Bros & Co. Worth?

Stealth Bros & Co. is currently estimated to be worth around $450,000. The company secured a deal on Shark Tank at a $1 million valuation, indicating strong confidence in the business’s potential. With continued growth and the support of Barbara Corcoran and Mark Cuban, the company is well-positioned to increase its valuation in the coming years.

Is Stealth Bros & Co. Still In Business?

Yes, Stealth Bros & Co. is still in business as of April 2024. The company has expanded its product offerings and continues to serve a growing customer base. Their products are available on their official website and have been featured in over 3,000 stores nationwide, including major retailers like CVS Pharmacy and CVS Health.

The company has also received positive feedback from customers, particularly those within the LGBTQIA community, who appreciate the blend of functionality and style in the products.

Which Episode Number Was Stealth Bros & Co. on Shark Tank?

Stealth Bros & Co. was featured on Season 14, Episode 2 of Shark Tank, which aired on September 30, 2022.

Stealth Bros & Co. has proven to be more than just a business; it’s a brand that resonates deeply with its customers. Braxton Fleming’s passion and commitment to solving a real problem have not only won him a deal with Barbara Corcoran and Mark Cuban, but also the support of a loyal and growing customer base.

The company’s journey from a basement startup to a recognized brand is a testament to the power of innovation, personal experience, and dedication. With continued growth and strategic partnerships, Stealth Bros & Co. is on track to achieve even greater success in the years to come.