Pet owners know what a big problem pet hair can be. This is especially true when it clings to clothes and the inside of the washer and dryer. Because of this, Harry Levin and Michael Sweigar got together to create a solution to this problem. Will they get a deal on
If you’re short on time, here’s a quick overview of what happened to FurZapper after
FurZapper appeared on
|Lori Greiner||Accepted deal for $600,000 for 15% equity with an additional line of credit|
|Barbara Corcoran||$600,000 for 20% equity|
|Mark Cuban||$600,000 for 15% equity|
|Kendra Scott||No Offer|
Shark Tank FurZapper Update
- Entrepreneurs: Harry Levin and Michael Sweigar
- Business: Eco-friendly product that helps remove pet hair from clothes
- Ask: $600,000 for 10% equity
- Result: $600,000 for 15% equity with an additional line of credit
- Shark: Lori Greiner
FurZapper first started with Michael Sweigar, who accidentally found out that silicone does a great job at removing pet hair from the laundry while washing. Knowing that he had an incredible idea, he went on to partner with Harry Levin, a lawyer and animal welfare enthusiast, and PetZapper was born.
FurZapper is a non-toxic, re-usable, and effective pet hair remover tool made in the USA, that goes into your washer and dryer to gently remove pet fur, hair, dander, lint, and more from your clothing, pet bed, jackets, and blankets.
The resulting product was a silicone pet hair remover, that gently removes all pet hair from laundry during a wash cycle. It’s patented too.
Basically, you put the FurZapper in with the laundry during the wash cycle, and then into the dryer. Then, it removes all traces of fur and sends it to the lint trap.
When asked about sales, Michael shared that in 2018, their sales were $640,000. In 2019, sales were $2.2 million and their profit was $580,000.
At the time of filming, they’re on track to sell over $4 million in product. Further, FurZapper is in every single Walmart across the country.
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A 2 pack, their top seller, has a 71% margin. It sells for $14.99, with an acquisition cost of $0.05.
When asked why they needed help from a shark, they explained that they’d like to build a manufacturing facility in America and halt overseas operations. This way, the company could help employ more US citizens.
Kevin O’Leary wants in and gives two offers. The first is $600,000 as a loan for 9.5% interest, plus 5% equity in the company. The second is $600,000 for 20% equity.
Barbara Corcoran is interested too, and she offers $600,000 for 20% equity.
Guest shark Kendra Scott would love in, but she says she’s not the right shark for them, so she is out.
Lori Greiner on the other hand, says the product is just right for her. She offers $600,000 for 19.99%.
Just then, Mark Cuban chimes in, and offers $600,000 for 15% equity. When Harry asks Lori to go in with Mark, she says no.
That said, she matches Mark’s offer of $600,000 for 15%. Things continue to heat up in the tank when Barbara also matches the offer of $600,000 for 15% equity but adds an additional $600,000 line of credit.
Ultimately, the duo felt that Lori was the best fit for FurZapper, so they accepted her offer of $600,000 for 15% equity. In addition to this, Lori also pledged to extend an additional line of credit.
Keep reading our FurZapper update to find out what happened following
Research for our FurZapper update revealed great news! The company is still in business, and in 2023 they are on track to hit $5 million in sales.
As a matter of fact, it has since become a huge hit online and in retailers. On Amazon, FurZapper has received nearly 50,000 ratings so far.
Additionally, numerous credible pet websites have also begun recommending the original FurZapper as one of the best pet hair removers available today.
Our FurZapper update also found that they’ve even expanded their product line. Their newest products are the LintZapper and the FurZapper Glove.
Check out the FurZapper website for product details!
In the meantime, be sure to check out updates for some of the other companies featured on Season 12 Episode 20:
- The Matte Makeup Organizer Update
- The Cheese Chopper Update
- OpulenceMD Beauty Magnetic Lashes Update
For more on
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!