Boost Oxygen Update | Shark Tank Season 11

Oxygen is the most important element for the heart, brain, and lungs to function. Because of this, Rob Neuner and his business partner, Mike Grice, came up with a way to make compressed oxygen as available as bottled water. Will they get a financial boost from a deal on Shark Tank Season 11? Find out in our Boost Oxygen update.

If you’re short on time, here’s a quick overview of what happened to Boost Oxygen after Shark Tank!

Boost Oxygen appeared on Shark Tank Season 11 and left with a deal from Kevin O’Leary for a $1 million loan at 7.5% interest for 6.25% equity. In terms of a Boost Oxygen update, the company is still in business and has over $15 million in sales since Shark Tank. Further, they have expanded from 4,000 retail stores to over 8,000 retail locations. 

Shark:  Result:
Kevin O’Leary Accepted deal of a $1 million loan at 7.5% interest plus 6.25% equity
Mark Cuban No Offer
Barbara Corcoran No Offer
Lori Greiner No Offer
Rohan Oza No Offer

Shark Tank Boost Oxygen Update

Boost Oxygen update

  • Entrepreneur: Rob Neuner and Mike Grice
  • Business: Aromatherapy-flavored supplemental oxygen
  • Ask: $1 million for 5% equity
  • Result: $1 million loan at 7.5% interest for 6.25% equity
  • Shark: Kevin O’Leary

Rob and Mike brought Boost Oxygen to Shark Tank Season 11 Episode 2. Boost Oxygen is non-medical-grade oxygen, but it is suitable for recreational use, especially while exercising and training.

Oxygen in a Bottle
Boost Oxygen - Portable Canned Oxygen Bottle

Boost Oxygen is an all-natural respiratory support product for aerobic recovery, rejuvenation, and performance. Supplemental Oxygen has always been beneficial to so many people for so many purposes. From altitude acclimation to performance athletes to anyone looking to help catch their breath.

We earn a commission if you make a purchase, at no additional cost to you.

In recent years, oxygen bars with different flavored oxygen have become very popular, especially in large shopping malls. Boost Oxygen brings the oxygen bar experience to consumers in their homes, in different can sizes and flavors.

Rob shares that he initially founded the company in 2007 when he realized that canned oxygen was a big seller in European markets. Out of curiosity, he started using canned oxygen to give him extra energy when he was jet-lagged and competing in triathlons.

At the time of their Shark Tank appearance in 2019, products were being sold at Amazon and CVS. They have also just partnered with Major League Lacrosse, and are very well-known in the fitness and triathlete world.

The oxygen comes in 3 sizes and retails for $14.99, $9.99, and $7.99. Their cost is $2.05 to manufacture all of the sizes.

Additionally, it was the top-selling canned oxygen brand with $6.4 million in sales and a profit of $1.5 million.

Guest shark Rohan Oza is concerned that there is too steep of an educational curve for potential customers, so he is out.

Barbara shared that her husband has actually used their product, however, she’s not willing to invest, so she too is out.

Lori Greiner is a fan of the guys, but not the product. She is the next shark out.

Mark Cuban tried the product during the presentation, however, he didn’t gain anything notable from it, so he is also out.

Kevin initially offered a loan of $1 million at 9% interest for 7.5% equity in Boost Oxygen. After some haggling and negotiating, the trio agreed on a $1 million loan at 7.5% interest plus 6.25% equity.

With a successful deal under their belts, how is the company doing now? Keep reading our Boost Oxygen update to find out!

Research for our Boost Oxygen update revealed that the company is still in business with over $15 million in sales. Further, since their appearance on Shark Tank, they have grown their retail presence to over thirty national chains across the United States.

Boost Oxygen can now be found in stores like CVS, Walmart, Kroger, Bass Pro Shops, and Dick’s Sporting Goods, as well as on Amazon.

Rob and Mike appeared on a short update segment on Season 12 Episode 23 of Shark Tank, sharing that in the time since their pitch in the Tank, they have expanded their retail presence from 4,000 stores to 8,000 stores in the U.S., including chains such as Walmart and Kroger.

Additionally, Boost Oxygen is projected to make $50 million in sales by the end of 2023. With its recent success over the last few years, we are sure to hear more about the business.

When we do, we’ll be back with another Boost Oxygen update.

If you’d like to learn more about the other companies featured on Shark Tank Season 11 Episode 2, check out the links below:

For even more on Shark Tank Season 11, be sure to check out our Season 11 products page.

Website | + posts

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!