Many individuals love to run, but using a standard treadmill can occasionally result in injury. The harsh surface of treadmills, which does not replicate the natural running environment, causes 85% of runners who suffer injuries each year, according to data. Professional runners and recreational joggers have been having trouble with this for years.
Runners Paul Toback and Steve Lenz saw this problem and developed a better remedy. They unveiled Sproing Fitness, an innovative exercise machine that offers a gentler, more natural jogging experience to lower the risk of injuries. Sproing simulates real running using a trampoline-like surface and a harness similar to a bungee cord, as opposed to a standard treadmill belt.
On Shark Tank, Paul and Steve showed their invention and even introduced their gym concept, which focuses on HIIT (High-Intensity Interval Training) workouts. They requested $500,000 for 8% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Sproing Fitness update to find out!
Sproing Fitness Net Worth Shark Tank Update 2025
Paul Toback and Steve Lenz asked for a $500k investment in exchange for 8% equity in Sproing Fitness. This meant they valued their company at $6.25 million. They did not secure a deal with any of the Sharks. After the show aired, Sproing Fitness 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 Sproing Fitness is about $9.2 million.
Sproing Fitness succeeded even after Paul and Steve left Shark Tank without a deal. Today, the company is still operating and has grown in size. They currently run five fitness centers in the country. These gyms have their distinctive exercise equipment, which may also be bought on their website.
Sproing Fitness has achieved outstanding achievements in terms of financial performance, bringing in over $10 million annually. This achievement showed the company’s power and market attractiveness even in the absence of a Shark Tank investment.
No, Shark Tank did not result in a deal for Sproing Fitness. Despite the product’s innovation, not a single shark put in an offer. The Sharks weren’t convinced that Sproing was worth the $500,000 investment, even if they liked the product demo.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Sproing Fitness Shark Tank Pitch
Running enthusiasts Paul Toback and Steve Lenz were inspired to develop a remedy for the common injuries runners get from conventional treadmills. Paul intended to create the next big piece of cardio equipment. He had first-hand expertise in the fitness sector, having served as CEO of Bally Total Fitness.
The technological difficulties of building a machine that replicates natural jogging without having a significant negative impact on joints were encountered during the development of the Sproing machine.
Their knowledge and courage to pursue their mission were derived from their experience in the fitness industry. They were successful in creating a product that may aid runners in training more safely despite the difficulties.
Paul and Steve stated that the present treadmill designs are antiquated and lead to injuries when they presented Sproing Fitness on Shark Tank. Sproing has been recognized as the first significant development in machine learning in more than a century. The Sproing machine has a trampoline-like surface in place of a moving treadmill belt, and runners are connected to a resistance-adding bungee strap to enable a more organic running action.
They also showed various workouts using the machine’s attachments to show that the devices could be used for purposes other than running. Showcasing both their fitness studios and the machine’s potential as a gym product, they were requesting $500,000 in exchange for 8% ownership of the company. Keep reading our Sproing Fitness update to see what happens next!
Kevin O’Leary was confused by the product’s necessity. Kevin enquired as to the cost of selling a single device to a gym. Kevin was not thrilled and thought the units were too pricey when the entrepreneurs disclosed each unit costs $6,400.
Robert asked about the sales and how many studios they have. The founders responded they sell around a million dollars of equipment and have 4 studios right now.
Kevin further asked about the investment and whether they were making any money from the studios. The founders revealed they invested $2 million of their own money and they made $400,000 from the Chicago Club.
When the entrepreneurs first pitched the equipment and then turned their attention to gyms, Robert became confused about the business plan. He didn’t know which way the company was going.
Mark Cuban didn’t think the company was worth a $500,000 investment because he thought there were too many obstacles ahead. His choice was to drop out.
Lori Greiner stated she didn’t invest since Sproing was more of a fitness club product and that her concentration was more on consumer goods.
Daymond John clarified he left because he didn’t see how he could help because he wasn’t an expert in the fitness sector.
Robert Herjavec acknowledged the machine was a terrific workout tool, but he didn’t picture himself using it frequently and wasn’t sold on the concept of the business. He thus withdrew.
Kevin O’Leary offered his well-known, direct advice, advising the business owners to take the business “behind the barn and shoot it,” before going out.
What Went Wrong With Sproing Fitness On Shark Tank?
The primary concerns raised by the Sharks regarding Sproing Fitness were its excessive expenses and its ambiguous business plan. The Sharks weren’t convinced that the $6,400 price tag for each machine justified the product’s necessity for gyms, although it was something new. Robert Herjavec was especially confused about whether the company’s primary goal was running fitness centers or selling equipment.
Product Availability
From our Sproing Fitness update research, Sproing Fitness continues to grow despite not landing a deal. Their HIIT-style exercises, which use their Sproing machines, are available in their fitness studios in Chicago, Houston, and Baltimore, among other places. Sproing machines can be found on the company website Sproing Fitness for anyone who is interested in buying one.
Sproing Fitness also provides a range of fitness courses and its equipment can be found in several gyms around the nation. The business keeps coming up with new ideas for the fitness sector, giving runners a safer option than treadmills.
Conclusion
Even though Sproing Fitness could not close the deal on Shark Tank, their adventure was far from over. Paul Toback and Steve Lenz have grown their firm to give gym locations and generate over $10 million annually in revenue, despite the hurdles they face in the show. Running enthusiasts and fitness enthusiasts have taken to their new treadmill substitute, which provides a more natural and safe form of workout. Sproing Fitness is expected to have an even greater influence on the fitness industry as it expands.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
