Oxygen is very important for the heart and brain. Without enough oxygen, people can feel tired or sick. Rob Neuner and Mike Grice saw this as a problem. They thought oxygen should be as easy to find as water. This is how they came up with Boost Oxygen. They made cans of oxygen that people could buy just like bottled water. They thought this would help people feel better, especially after exercising. Rob and Mike went on Shark Tank in Season 11.
They wanted to grow their business and reach more people. They asked for $1 million in return for 5% of their company. They believed that more people would use Boost Oxygen if it were easier to find. The Sharks had many questions. Some liked the idea. Some did not. But in the end, they got a deal with one of the Sharks. Will the entrepreneur get a deal on Shark Tank? Check out our Boost Oxygen update to find out!
boost oxygen Net Worth Shark Tank Update 2025
Rob Neuner and Mike Grice asked for a $1 million investment in exchange for 5% equity in their company. This meant they valued their company at $20 million. They made a deal with Kevin O’Leary for a $1 million loan at 7.5% interest in exchange for 6.25% of their company. This new deal valued their company at $16 million. After the show aired, Boost Oxygen saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Boost Oxygen is about $25.7 million.
Boost Oxygen expanded even further after Shark Tank. A lot more people were made aware of the product. Many more businesses were able to carry Boost Oxygen. Their product was sold in 4,000 retailers at the time they appeared on Shark Tank. There are currently more than 8,000 stores carrying it.
Boost Oxygen is available for purchase at stores like CVS and Walmart. The firm is still operating in 2024. Over $50 million has been sold by Boost Oxygen thus far. They are expanding annually. They are reaching a wider audience and selling more goods. They even introduced fresh sizes and tastes. The most popular brand of canned oxygen right now is Boost Oxygen.
It is true that Boost Oxygen closed a deal on Shark Tank. Rob and Mike requested $1 million in exchange for a 5% stake in their business. This indicates that they sought to sell $1 million for 5% of their business. The Sharks had a lot of inquiries. A few people disliked the product. However, Kevin O’Leary made them a proposal.
He made a $1 million loan offer. In exchange, he requested 6.25 percent of their business. Mike and Rob discussed it and decided on the arrangement. After Shark Tank this agreement helped them expand and attract a large number of new clients.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Rohan Oza | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $1 million as a loan at 9% interest in exchange for 7.5% equity | #1 $1 million at 6% interest for 5% equity #2 $1 million loan at 7.5% interest for 6.25% equity. | Yes to 2nd offer |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Boost Oxygen Shark Tank pitch
The concept for Boost Oxygen was conceived by Rob Neuner in 2007. While touring Europe, he noticed that people were purchasing oxygen in cans. He gave it a try out of curiosity. He utilized it throughout his sports training or when he was fatigued after extended travels. He felt stronger and more alert as a result. Rob was aware that oxygen has other benefits. Thus he partnered with Mike Grice.
They established the business together. It was challenging to describe the product at the beginning. People were unaware of their need for more oxygen. They believed it to be designated for the sick. However, Rob and Mike put in a lot of effort to demonstrate to the public the advantages of utilizing Boost Oxygen before working out or when you’re feeling exhausted.
Mike and Rob entered Shark Tank with confidence. They were aware that their product was effective. They began by explaining the reasons why humans occasionally require additional oxygen. They claimed that Boost Oxygen could improve a person’s mood after a workout or when they are exhausted. They revealed that Boost Oxygen was already available for purchase in 4,000 establishments.
Sales for them at the time were $6.4 million. They demonstrated to the Sharks the large market for their goods. Their sales figures impressed the Sharks. Yet a few Sharks had doubts regarding the actual product. Mike and Rob wanted $1 million for a 5% stake in the business. They believed that this money would enable them to expand even more quickly.
The Sharks asked Boost Oxygen a lot of questions. The first person to raise questions was Rohan Oza. He was curious as to how they would introduce the goods to potential buyers. He expected a challenging learning curve. He was concerned that individuals might not comprehend the necessity of Boost Oxygen. There was another inquiry from Barbara Corcoran. She was curious as to whether Boost Oxygen was actually beneficial.
She disclosed that her husband had previously used it. Barbara wasn’t sure if it was a wise investment despite his liking for it. Do you think Boost Oxygen is safe? asked Lori Greiner. Mike and Rob told her it was. They claimed that big-box stores like CVS and Amazon were already selling it. Mark Cuban was eager to give the product a try. But he didn’t notice much of a change when he did.
Several of the Sharks decided they were not interested after hearing the founders’ pitch. The first person to leave was Rohan Oza. He felt that new clients could not easily understand the goods. Next was Barbara Corcoran. Her opinion was that it was not the best investment for her despite her husband’s liking of the product. Lori Greiner left as well. She did not love the product but she did like the creators.
The final person to refuse was Mark Cuban. He gave the product a try, but he did not see many results. The only other Shark to submit an offer was Kevin O’Leary. He requested 7.5% of the company in exchange for a $1 million loan at 9% interest. Kevin agreed. A $1 million loan with 7.5% interest and 6.25% equity was the final arrangement.
What Went Wrong With Boost Oxygen On Shark Tank?
Not every Shark was a fan of oxygen in a can. Some felt that explaining it to clients would be too difficult. According to Rohan Oza, educating people about the product would require too much work. This was the main reason for his exit. Although Barbara Corcoran found the product appealing she did not believe it would be a wise purchase for her.
Although Lori Greiner thought the creators were great, she wasn’t thrilled with the result. Although Mark Cuban was intrigued he did not see any advantages to using the product for himself. Although the Sharks withdrew for various reasons. The majority of them were concerned about the difficulty of selling the product.
Product Availability
It is still possible to purchase Boost Oxygen in 2024. Large retailers such as Walmart and CVS carry it. It may be purchased online from stores like Amazon.com. Boost Oxygen is available for purchase in three distinct sizes. The most affordable size is about $7.99. The most affordable size is roughly $14.99. Also available in various flavors are the cans.
While some flavors are intended to give individuals energy others are supposed to help them relax. Further details regarding the locations of Boost Oxygen stores can be found on the company’s website. Where their products are sold can be found using their store locator. Sportsmen and athletes love Boost Oxygen. But it’s available to everyone who needs more energy. The majority of people can safely use the all-natural product.
Conclusion
The Shark Tank experience with Boost Oxygen was successful. Despite some Sharks’ disapproval of the product, Rob and Mike managed to work out a deal with Kevin O’Leary. They had much more business growth after the show. Boost Oxygen has sold more than $50 million and is currently available in more than 8,000 retailers. Many folks report feeling more alert and energized after using the product.
It is especially liked by sportsmen and regular exercisers. It has proven successful for Rob and Mike’s proposal to make oxygen as accessible as bottled water. The most popular brand of canned oxygen right now is Boost Oxygen. Boost Oxygen has a bright future in front of them as it expands and assist more individuals in feeling their best.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
