The way that people view laboratory testing was altered by an idea that Julia Cheek came up with. She founded the at-home lab testing service EverlyWell. Her business simplifies and lowers the cost of testing. Numerous health problems can be tested for at home. EverlyWell was founded as a result of Julia’s own health issue. She searched for months to determine what was wrong with her.
She performed numerous tests and met numerous doctors. These tests were costly and difficult to interpret. She was irritated by this. Julia made the decision to make a change. She created an improved method for obtaining laboratory testing. On Shark Tank, she presented this concept. She requested $1 million in exchange for 5% of the company. The sharks were both intrigued and concerned. Will the entrepreneur get a deal on Shark Tank? Check out EverlyWell update to find out!
EverlyWell Net Worth Shark Tank Update 2025
Julia Cheek asked for a $1 million investment in exchange for 5% equity in her company. This meant she valued her company at $20 million. She made a deal with Lori Greiner for $1 million in a line of credit at 8% interest for 5% equity in the company. This new deal valued her company at $20 million. After the show aired, EverlyWell 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 EverlyWell is about $2.9 billion.
EverlyWell expanded after making their appearance on Shark Tank. Lori Greiner provided assistance to the business. EverlyWell spent the funds from Lori’s deal. They swiftly grew and spread. EverlyWell’s lifetime sales reached $1.1 billion. It rose to become one of Shark Tank’s leading companies. The business continued to expand.
In just two years EverlyWell sold more than $65 million worth of goods. It opened additional stores. The tests were available at CVS and Target. EverlyWell made a big deal out of CVS as well. The business purchased Home Access Health and PWN Health in 2021. They were much more powerful as a result. EverlyWell is currently worth $2.9 billion. The business has grown remarkably.
Yes Julia Cheek and EverlyWell did get a deal on Shark Tank. Julia was asking for $1 million for 5% of the company. The sharks asked many questions about her business. They wanted to know if her company could survive. They were worried about the money needed for EverlyWell to grow. Mark Cuban and Barbara Corcoran were worried about the competition.
They didn’t think it was a good fit. Robert Herjavec also did not think the company would succeed. He was worried about the high cost of healthcare. He decided not to invest. Guest shark Rohan Oza was interested but thought it would take a lot of money to succeed.
He didn’t want to take that risk. The only shark who made a deal was Lori Greiner. She offered $1 million in a line of credit for 5% equity. The money was a loan with 8% interest. Julia agreed to the deal. It was a big chance for EverlyWell.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | Out | N/A | N/A |
| Lori Greiner | $1 million line of credit at 8% interest for 5% equity | N/A | Yes |
| Robert Herjavec | Out | N/A | N/A |
| Rohan Oza (guest shark) | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
EverlyWell Shark Tank pitch
EverlyWell was founded by Julia Cheek. She founded the business to assist anyone experiencing similar difficulties to herself. Julia had a medical condition. She searched for months to determine what was wrong with her. She saw numerous physicians. She was tested extensively. But the results were hard to understand. She found the procedure frustrating. Julia’s goal was to facilitate the testing process.
Her goal was to improve the manner in which lab testing was conducted. She developed EverlyWell to simplify and expedite testing.
Julia was aware that lab work was costly and time-consuming. People had to wait for results after seeing doctors. Her goal was to visit people’s homes with the lab. Julia suggested providing kits for at-home testing. These kits could test for things like food allergies and hormone imbalances. The kits were easy to use and affordable. Customers could order them online. They would get results within a few days. EverlyWell was born out of Julia’s personal experience with health issues. She wanted to change the way people think about testing.
Julia pitched EverlyWell on Shark Tank in season 9. She introduced the product to the sharks. She started by telling her story. She shared how she struggled with a health problem. Julia explained how many doctors’ visits and tests didn’t help her. She wanted to offer a better solution. She showed the sharks how EverlyWell worked. Julia explained that people could buy test kits on the website.
There were 13 different tests available. They ranged in price from $69 to $399. Some tests were for food intolerance. Others were for metabolism.
There were many types of tests to choose from. Customers would collect their samples at home. They would then send it to one of EverlyWell’s certified labs. Board-certified doctors would review the results. In just a few days, customers will get their results online. Julia also mentioned how much money EverlyWell had made. The company had sold $2.5 million in products.
They had grown fast. EverlyWell was making $400,000 a month. Julia predicted $5 million in sales for that year. She expected to make $12 million next year. EverlyWell was doing well
EverlyWell’s product was the subject of numerous queries from the sharks. They enquired about the tests’ operation. Julia described the procedure. People might order testing online, she said. Their houses would receive the testing. Once the samples were collected, they would return them to the laboratory. The customer would receive the findings of the lab’s processing of the sample.
The sharks wanted to know if insurance covered the merchandise. Julia stated that insurance did not yet cover the tests. People were forced to pay cash for this. The sharks were interested in how much less expensive EverlyWell’s tests were than visiting a physician.
According to Julia, it was typically less expensive. She stated that it was significantly cheaper than visiting a doctor’s office but she did not provide an exact figure. The sharks were also interested in EverlyWell’s clientele. Julia reported that the business had sold $2.5 million worth of goods. She added that they were expanding quickly. EverlyWell’s sales were expected to reach $5 million.
She anticipated hitting $12 million in revenue the following year. When asked about competitiveness, the sharks asked. They were worried about new businesses entering the market. It was a competitive space, Julia admitted. But she thought EverlyWell could make it. The appropriate investment, she believed, might help them grow rapidly.
The sharks responded to Julia’s pitch in different ways. Mark Cuban was the first to speak. He was worried about the competition. He thought it would take a lot of money to succeed. He didn’t think EverlyWell was a good fit. He said the business would need a lot of money to grow. He decided not to invest. Barbara Corcoran also had concerns. She thought EverlyWell would need constant redevelopment.
She didn’t think it was worth the risk. She said no. Robert Herjavec shared similar concerns. He said that healthcare in America was expensive.
While EverlyWell might be a good solution, he didn’t think it was for him. He decided not to invest. Guest shark Rohan Oza was interested. However, he also agreed that it would take millions of dollars to grow the business. He decided not to invest. This left Lori Greiner. Lori liked the idea and saw potential in EverlyWell. She made an offer. She offered Julia $1 million in a line of credit. This would be a loan at 8% interest.
In exchange, Lori wanted 5% equity in the company. Julia was happy with the deal. She agreed to Lori’s offer. This was a big moment for EverlyWell. They had secured an investment.
What Went Wrong With EverlyWell On Shark Tank?
EverlyWell encountered some difficulties on Shark Tank. The fierce rivalry in the sector worried a lot of the sharks. They believed that expanding EverlyWell would require significant financial resources. Barbara Corcoran and Mark Cuban were concerned that the company required frequent upgrades. The excessive expense of American healthcare was a concern for Robert Herjavec.
He didn’t believe the company would be successful. The amount of money required to expand the business even concerned guest shark, Rohan Oza. He chose not to make an investment. The sharks said no because of these worries. They all concurred that it would be challenging to enter the market. They were concerned that larger businesses would pose a serious threat to EverlyWell.
Product Availability
EverlyWell’s product is available online. Customers can visit the EverlyWell website to buy test kits. The kits can test for many things. There are tests for food sensitivities. There are also tests for hormone imbalances and metabolism. Customers can also find the products on Amazon. EverlyWell’s tests are available in over 2,000 stores.
The company has expanded to big retailers like Target and CVS. This has helped them grow. Prices for tests range from $69 to $399. The tests are affordable compared to visiting a doctor. EverlyWell makes it easy to test for health issues at home.
Conclusion
One significant turning point was EverlyWell’s experience on Shark Tank. A straightforward idea that Julia Cheek presented became a huge hit. Lori Greiner contributed to the company’s expansion. One of the most prosperous Shark Tank companies was EverlyWell.
Today, the company is valued at $2.9 billion. EverlyWell now operates both online and in stores. Many people have used it to test their health at home. The company appears to have a promising future. There are numerous prospects for EverlyWell to expand.
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.
