Eyewris

$500k
Asking Valuation
$625k
Post-deal valuation
Sold-out inventory after show aired
Post-show update
Yes
Is Eyewris still in business?

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What is Eyewris?

EyeWris reading glasses are designed to conveniently attach to the user's wrist, snapping open and closed with one hand for quick use when needed.

Eyewris's Shark Tank Pitch Recap

Mark and Kenzo Singer pitched Eyewris reading glasses, which attach to the wrist and easily snap open and closed for convenient use. They asked for $25,000 for 5% equity. All five Sharks were impressed by the product and Mark's story, leading to an unprecedented joint offer. Initially, they offered $125,000 for 25% equity, which was countered to 20%. The Sharks agreed to the counteroffer, resulting in a deal with all five Sharks.

Eyewris's Pitch Highlights

Mark Singer, Kenza's father, is the inventor of Gorilla Glue.

Kenzo Singer has a background in structural engineering from Cornell University.

The founders tested and optimized their website and sales strategy for nine months before appearing on Shark Tank.

Eyewris Shark Tank Update

  • Secured a five-shark deal for $125,000 for 20% equity.
  • Sold out of initial inventory after the show aired.
  • Expanded product line with new styles and colors.
  • Featured in publications like Fast Company and Trend Hunter.
  • Experienced challenges with the one-size-fits-all design.

Key Milestones

1

2021 - Website Launch & Initial Sales

Launched website and generated $28,000 in sales in nine months.

2

2022 - Multiple Design Awards

Won multiple design awards (Gold New York Product Design Award, Silver Muse Design Award, Red Dot Innovative Product Award, Good Design Award).

3

May 2023 - Shark Tank Appearance

Appeared on Shark Tank Season 14 finale.

4

July 2023 - Post-Show Inventory Sellout

Sold out of inventory and began accepting pre-orders.

Last Updated:

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