What Happened To Phoozy After Shark Tank?

Phoozy After Shark Tank Update: Phoozy is a company that makes protective cases for different tech products using NASA space suit materials. NASA, which makes suits for the protection of astronauts, protects astronauts in space environments. This same technique Kevin uses to invent his product.

Sometimes people drop their phones in the cold water, then it gets completely destroyed. Eventually if this happens in time of emergency then it becomes difficult foe people.

There is no one protection cover in the market mainly to protect smartphones, tablets & laptops, etc. from different weather effects.

What Is Phoozy?

Phoozy is a protective cover to protect a tech device from weather and environmental damages. This company was established in 2016 in Charlotte, North Carolina.

Simply, this product offers thermal protection (from heat and cold), flotation, and drop protection. It makes protection cover for phones, laptops, tablets & other accessories tech products that people mainly use.

These thermal capsules extend the process of phone damage due to weather and environmental. Thermal Capsules are engineered to meet or exceed the 810G 516.6 Military Standard for drops and impacts.

Who Is The Founder Of Phoozy?

Kevin Conway is the CEO and Co-founder of the Phoozy company. Josh Inglis is the COO of the company. Kevin was a former NASCAR as well as a race car driver in Prestige performances for about 10 months.

For 7 years “Change Nutrition, Inc.” has also been the co-founder & board member. Since 2004, he is running a racing company named “eXclaim Racing, LLC”.

Since 2013 Kevin is a Professional Instructor of Automobili Lamborghini S.p.A.

Phoozy Shark Tank Update

Company Name	PHOOZY Thermal Capsules
Founder	Kevin Conway and Josh Inglis
Founded	2016
Product	The ultimate Thermal, Drop, and Float protection for phones, tablets, laptops, and accessories
Asked For	$500K for 10% equity
Final Deal	$500k for an 8% equity + a royalty of $1.50 per unit sold until $500K is paid
Shark	Robert Herjavec  Lori Greiner
Episode (Shark Tank USA)	S12 E19
Air Date	April 2, 2021
Business Status	In Business
Hoppy Paws Net Worth	$2.5M *estimated
GO TO AMAZON	Buy Now

Also Read This: What Happened To BarBees Bartending After Shark Tank?

Phoozy on Shark Tank Pitch

Kevin Conway and Josh Inglis entered Shark Tank with their company and demanded $500,000 for 10% equity from the sharks.

Both of them explained why they started this company and also told Shark about the technology to make this product. He called Daymond John and gave a demo session about phone heating and the difference between these products.

Mark Cuban is out of this business deal because he will not be able to promote this business properly and his expertise is not in it.

Kevin O’Leary offered of $500k for a 4% equity + a royalty of $1 per unit sold until $1.5 Million is paid. The entrepreneur counter-offered $500k for a 4% equity + a royalty of $1 per unit sold until $1 Million is paid to Kevin.

Robert offered of $500k for a 4% equity + a royalty of $1 per unit sold until $500K Million is paid. Lori offered of $500k for a 4% equity + a royalty of $1 per unit sold until $1 Million is paid.

Lori and Robert will enter this business together and their offer is $500k for an 8% equity + a royalty of $1.50 per unit sold until $500K Million is paid.

Kevin O’Leary made another counter offer of $500k for a 2.5% equity + a royalty of $1 per unit sold until $1 Million is paid.

The entrepreneur agreed to the offer from Lori & Robert.

Phoozy Net Worth

This company has an annual revenue of $ 4 million in August 2022. After analyzing this revenue, we find Phoozy’s Net Worth is $2.5 Million.

Is Phoozy Still In Business?

Yes, Phoozy is still in business as of August 2022.

The annual revenue of this business is not on the line of growing slowly but its competitors have just entered the market.

There are 11-50 employees working in the Phoozy company and its headquarter is in Charlotte, North Carolina.

FAQs