Cell phones are always breaking. Overheating when left in extremely cold temperatures is one major issue. Josh Inglis and Kevin Conway noticed this problem and wanted to assist. As a NASCAR driver, Kevin is aware of how hot cars can become, and in those kinds of situations, phones frequently overheat. The Phoozy was designed by Josh and Kevin. It is a cover that shields phones against drops, extreme temperatures, and other harm.
In Season 12 they made an appearance on Shark Tank to seek assistance in expanding their company. They requested $500,000 from the Sharks in this episode in exchange for 10% of their business. Phoozy was attracting a lot of Sharks because it was already generating good revenue. Will the entrepreneur get a deal on Shark Tank? Check out our Phoozy update to find out!
Phoozy Net Worth Shark Tank Update 2025
Josh Inglis and Kevin Conway asked for a $500k investment in exchange for 10% equity in their company. This meant they valued their company at $5 million. They made a deal with Lori Greiner and Robert Herjavec for $500k in exchange for 8% of their company, plus a $1.50 royalty per unit sold until they get their investment back. This new deal valued their company at $6.25 million. After the show aired, Phoozy 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 Phoozy is about $8.27 million.
Phoozy saw major growth after Shark Tank. Their expansion was aided by the agreement with Lori Greiner and Robert Herjavec. Sales increased from $1.5 million to over $4 million in 2020. Phoozy also began offering additional goods for sale. Tablet and laptop cases are among them. Phoozy is available on their website and Amazon.com.
The company is still operating. They have also expanded their sales to new regions and made people more aware of their products. Phoozy continues to introduce new designs and improve its old ones. The business has grown even more quickly thanks to Lori and Robert’s partnership.
Phoozy did indeed land a deal on Shark Tank. Josh Inglis and Kevin Conway want $500,000 in exchange for 10% of their business. Robert Herjavec and Lori Greiner were pleased with the product and the figures. They made an offer of $500,000 for 8% equity after some back and forth.
In addition, they demanded a $1.50 royalty on each unit until their money was returned. Josh and Kevin approved the arrangement. Lori and Robert joined Phoozy with this deal. The business owners were pleased with their collaboration and their successful exit from Shark Tank.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | $500,000 for 4% equity with a $1 royalty per unit until he recouped his $500,000 investment | $500,000 for a total of 8% equity, and a $1.50 royalty per unit sold until $500,000 is repaid | Yes |
| Lori Greiner | $500,000 for 4% equity with a $1 royalty per unit until she made back $1 million | $500,000 for a total of 8% equity, and a $1.50 royalty per unit sold until $500,000 is repaid | Yes |
| Kevin O’Leary | $500,000 for 4% equity with a $1 royalty per unit until he earned $1.5 million | #1 $500,000 for 4% equity with a $1 royalty per unit until he earned $1 million #2 $500,000 for 4% equity with a $1 royalty per unit until he earned $1.2 million #3 $500,000 for 2.5% equity with a $1 royalty per unit until he earned $1 million | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Phoozy Shark Tank pitch
Phoozy was founded by Josh Inglis and Kevin Conway. NASCAR driver Kevin observed how heat affected his phone while it was in his vehicle. The high temperatures would cause phones to overheat or shut off. Kevin reasoned that there must be a method to shield phones against this. He teamed up with Josh, a friend who was similarly interested in finding a solution.
They came up with the Phoozy together. They had difficulties when creating the initial version. Developing a solution that shielded phones from extreme heat, cold, and drops was challenging. They persisted though. Over time they developed effective improvements to the design of the protection. Phoozy is now assisting consumers worldwide in protecting their phones in all weather conditions.
Kevin and Josh pitched their business and their product, Phoozy, on Shark Tank. They clarified that it was the phone’s first thermal protection. Phones may be shielded from drops and extremely high temperatures with the Phoozy. Before coming to the program, they had made a total of $2.2 million in sales, they informed the Sharks. They made $700,000 in 201,9 and they had already made $1.5 million by 2020.
They anticipated a further increase in sales. In return for 10% equity, the founders demanded $500,000 in exchange. Both the product and the business statistics impressed the Sharks. Josh and Kevin were looking for a partner who might help them expand even further.
About the Phoozy, the Sharks had a lot of questions. They were curious as to how the product operated and what made it unique. Josh and Kevin clarified that Phoozy makes use of materials from spacesuits and race vehicles. Phones are shielded from drops, heat, and cold by these materials. The product’s price and sales figures were enquired about by the Sharks.
After presenting their sales figures, Kevin and Josh projected that by the end of 2021, they would have made $4.5 million. Additionally, they informed the Sharks that the Phoozy was already listed on Amazon.com. Customers were leaving with favorable feedback about the product. Although they were impressed, the Sharks had further questions regarding the company’s future goals.
Mark Cuban was the Shark who responded first. Although he felt the product was intelligent,t he did not think it was a good fit for him and left. Kevin O’Leary made a proposal. In exchange for 4% equity, he gave $500,000, but all he wanted was a $1 royalty every unit until he recovered $1.5 million.
Kevin and Josh urged him to reduce the amount to $1 million since they felt that this was too much. Kevin O’Leary revised his bid to 1.2 million dollars. Lori Greiner then made an offer of $500,000 for 4% stock and a $1 royalty, with the goal of recovering $1 million.
In exchange for 4% equity and a $1 royalty till he recovered $500k, Robert Herjavec offered $500,000 for the deal. Josh and Kevin approved of Robert’s offer. They asked Lori if she would partner with Robert using his terms. Lori agreed but she wanted a $1.50 royalty instead of $1. Kevin and Josh accepted this deal. They left with $500,000 for 8% equity and a $1.50 royalty until Robert and Lori got back $500,000.
What Went Wrong With Phoozy On Shark Tank?
Phoozy’s Shark Tank pitch went without any problems. Mark Cuban decided not to invest because he didn’t think the product was appropriate for him. Despite feeling that the product was good, he chose not to buy it. Additionally, Daymond John did not extend an offer. He could not see how he might contribute to the company’s expansion.
Though the royalty arrangement worried the other Sharks. Lori and Robert ultimately presented Kevin and Josh with a reasonable offer, which they accepted. The royalty conditions were the greatest challenge,e but the business owners and Sharks managed to resolve it.
Product Availability
Online shopping is available for Phoozy. Phoozy is available for purchase on Amazon and their official website. They offer cases for liquids as well as tablets, computers, and phones. Phoozy provides defense against water, rain, heat, and cold. The product is constructed from the same high-quality components that are used in spacesuits and race vehicles.
Phoozy is available in several sizes to fit a range of gadgets. For those who spend a lot of time outside or in bad weather, it is an excellent choice. The business continues to create new goods and enhance its current lineup. Customers give Phoozy items great ratings and they have gained popularity since the Shark Tank episode aired.
Conclusion
Shark Tank proved to be a great journey for Phoozy. Josh and Kevin arrived at the event with a fantastic solution that addresses an urgent matter. Their phone cover protects gadgets from drops, heat, and cold. They agreed to exchange $500,000 for 8% equity and a $1.50 royalty until the Sharks recovered their investment with Lori Greiner and Robert Herjavec.
With Shark Tank, Phoozy’s sales have increased to more than $4 million. They now provide a wider range of products and have an increased customer base. The business is flourishing and is releasing new goods. Phoozy’s journey demonstrates how, with the correct support,t a brilliant idea may develop into a huge success
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.
