Tangle Pets - Shark Tank Update

kid-friendly hairbrush

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Season 9, Episode 3 Founded by Liz Martin In Business

Tangle Pets Details

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Shark Tank Episode Details

Founders Liz Martin
Air Date 2017-10-08
Season & Episode Season 9, Episode 3
Initial Ask $75K for 30.0% equity
Deal Details Got deal: $75K for 45.0% equity from Lori Greiner
Estimated Yearly Revenue $Unknown
Estimated Net Worth (4x estimated revenue) $Unknown

The Shark Tank Pitch

Parental frustration transformed into innovative product development when Washington inventor Liz Martin struggled with the daily battle of brushing her children's tangled hair, recognizing that traditional brushes caused pain and tears while making the necessary grooming routine a stressful experience for both parents and children, inspiring her to create Tangle Pets as a revolutionary combination of a high-quality detangling brush cleverly integrated into adorable stuffed animals that would make hair care fun and pain-free. Her brilliant design solved multiple problems simultaneously by incorporating professional-grade detangling bristles that work effectively on all hair types without pulling or causing discomfort, while the plush animal exterior transformed a dreaded chore into playtime, encouraging children to cooperate during hair brushing sessions and even request the activity rather than avoiding it.

Martin entered the Tank seeking $75,000 for 30% equity in her company, which had generated $8,000 in sales despite facing significant personal challenges when her husband was diagnosed with a brain disease shortly after receiving her first product shipment, forcing her to temporarily pause business development until his health improved and he received a clean bill of health, though she projected confidence in achieving $100,000 in sales within the following year.

Where Are They Now?

Despite facing skepticism from most sharks who found her personality overwhelming or questioned the product's market potential, Liz secured a deal with Lori Greiner, who recognized both the quality of the brush and the brilliance of combining functionality with play, ultimately accepting Lori's offer of $75,000 for 45% equity after brief negotiation attempts. The partnership with Lori proved transformational for the business, as the Shark Tank exposure combined with Lori's retail expertise and marketing guidance catapulted Tangle Pets to extraordinary success, generating over $12 million in lifetime sales within just two years of the episode airing while expanding distribution to more than 20,000 retail stores nationwide including major chains like Walmart.

We found that Tangle Pets has become a dominant force in the children's hair care market, successfully proving that innovative product design addressing real parental pain points can create massive business opportunities when paired with effective marketing and retail partnerships that reach target customers where they shop for children's products. The success has allowed Martin to pursue philanthropic interests, including involvement with the nonprofit organization Mothers without Borders, while continuing to build the Tangle Pets brand as a trusted solution for families seeking to make hair care a positive experience rather than a daily struggle, demonstrating how personal challenges and creative problem-solving can lead to products that genuinely improve the lives of countless families facing similar everyday challenges.

Revenue

$Unknown

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