Monkey Mat Update | Shark Tank Season 5

Moms Christy Barany and Courtney Turich came up with a packable cover that unfolds to make a clean surface area for babies to crawl and play on the ground. Will they earn a deal on Shark Tank Season 5? Find out in our Monkey Mat update!

Shark Tank Monkey Mat Update

Monkey Mat Update

  • Entrepreneurs: Christy Barany, Courtney Turich
  • Business: Portable floor mat
  • Ask: $100,000 in exchange for 30% equity
  • Result: $100,000 in exchange for 35% equity
  • Sharks: Mark Cuban, Lori Greiner

Christy and Courtney’s product is a lightweight fabric mat with weighted corners, that folds up small and comes in a zippered bag for easy packing. Monkey Mats came to be after Christy witnessed her babies crawling on a dirty airport floor, and the thought of germs on their hands horrified her!

In its first year, the product had $60,000 in sales through the official website, plus about 50 other brick and mortar storefronts and online shops. The sharks were surprised to hear that the mat retailed for $40. Courtney said they were made in China at a cost of $14, once customs and shipping were factored in.

Robert Herjavec said the $40 price tag would greatly limit their market, so he was out. Kevin O’Leary, agreed and went out next. Barbara Corcoran said the blankets were too small, the dark colors weren’t hip, and she agreed that they shouldn’t cost more than $10.

Lori Greiner asked Mark Cuban to go in with her on an offer for $100,000 in exchange for 35% equity. She said that she and Mark had connections that could help get the costs down. The women agreed to the deal, but what happened next for their company? Keep reading our Monkey Mat update to find out!

After Shark Tank, the company got the retail price down to $20 per unit, and according to Lori’s website, the company had nearly $6 million in sales in the five years after appearing on the show. At the company’s peak, the mats were sold in Bed Bath & Beyond, Buy Buy Baby, The Container Store and more. Sadly though, it appears the company is no longer in business. This will be our final Monkey Mat update.

Would you like to learn about the other companies featured on Season 5 Episode 22? Follow the links below for our other company updates from the episode.

For even more on companies and products, be sure to stop by our Season 5 Products Page!

 

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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!