SandCloud Shark Tank Update – Shark Tank Season 8
SandCloud made waves on Shark Tank Season 8 with its eco-friendly, beach-ready towels and mission to protect marine life. After securing a deal with Robert, the brand rapidly scaled to $7 million in revenue.
Bruno Aschimanini, Steven Ford, and Brandon Leibel pitch SandCloud, their line of plush beach towels with built-in pillows, in Shark Tank Season 8 Episode 18.
About SandCloud
| Category | Details |
|---|---|
| Business Name | SandCloud |
| Founders | Steven Ford, Brandon Leibel, and Bruno Aschidamini |
| Industry | Accessories |
| Product | Stylish beach towels |
| Deal Status | Deal secured with Robert |
| Investment Asked | $200,000 for 8% equity |
| Deal Outcome | $200,000 for 15% equity |
The three young men started their business with a successful Kickstarter campaign in 2014 that raised $15,623. A portion (10%) of sale proceeds goes to organizations that preserve and protect marine life and habitats.
The towels are large – 38 × 68″ – and made from 100% Turkish cotton. A pillow insert in each towel gives beach-goers added comfort while lying in the sand. The guys built their brand through Instagram and Snapchat, and they rely on their over 10,000 ambassadors to help them spread the word.
In addition to towels, SandCloud sells large beach blankets, jewelry, and apparel. They’re creating a beach lifestyle brand, one towel at a time. Standard towels cost $47 each, and their other products vary in price. You can order products on Amazon and from their website.
They likely want a Shark to help them get into retail outlets. Will a Shark want to hit the beach with this business?
Check out other Shark Tank Season 8 Episodes.
SandCloud Shark Tank Recap
Bruno, Steven, and Brandon will pitch the panel of five Sharks on the business and its prospects for growth. They’ll need to convince Mark Cuban, Daymond John, Kevin O’Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment.
Did SandCloud Get a Deal on Shark Tank?
The Sharks were all impressed with SandCloud’s sales. In 2016, they did $2.4 million! Ultimately, Robert decided to invest $200,000 in exchange for 15 per cent of the business. Herjavec liked the product and the numbers, but he liked the guys and their vision just as much.
SandCloud Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show.
In the immediate aftermath of their show, the company website saw 13,000 hits in one day, up from the previous high of 600. Sand Cloud used its Shark Tank investment to improve the website and increase inventory. With Robert’s help, it is on track to make over $7 million in sales and donate nearly $1 million to marine-related non-profit organizations.
Update Segment
In an update segment in Shark Tank Season 9 Episode 14, we find out the company did $7 million in sales since its appearance. The guys are shown at a beach cleanup, which the company funded, with Robert as their guest.
In February 2020, the company appeared in The Shark Tank Greatest of All Time Special in the “Greatest Businesses with a Social Cause” segment. Video from the beach cleanup mentioned above is used in the segment.
As of May 2021, they’ve added hats, backpacks, stickers, pins, leggings, and more to their line. They opened their own brick-and-mortar store in Venice, California, and their products are available in more than 1400 beach shops nationwide. As of August 2024, annual revenue is $7 million.
The estimated net worth of SandCloud is $7.3 million.
Posts About SandCloud on Shark Tank Blog
Where Can You Buy It?
Sand Cloud towels are available for purchase on their official website and on Amazon. Check out their social media pages for more updates: Facebook and Twitter.
Quick Summary
- SandCloud landed a deal with Robert Herjavec in Season 8, Episode 18, securing $200,000 for 15% equity.
- Since its Shark Tank appearance, the beach lifestyle brand has grown to $7 million in annual sales.
- Featured in a Season 9 update, SandCloud expanded its product line, opened a retail store in Venice, and now sells in over 1,400 shops nationwide.
Curious to know about other businesses that appeared on the same episode? Check out their business updates!
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- Bombas Shark Tank Update
