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What is Firefly Recovery?
Firefly Recovery is a portable device that gently stimulates the peroneal nerve to promote blood flow and speed up recovery time for athletes.
Firefly Recovery's Shark Tank Pitch Recap
Anthony Kjenstad and Lauren Campbell pitched Firefly Recovery, a portable recovery device for athletes, seeking $500,000 for 2.5% equity. The device uses peroneal nerve stimulation to increase blood flow and reduce soreness. The Sharks questioned the high valuation of $20 million, especially given the company's sales figures. After multiple offers and counters, Lori Greiner and Rashaun Williams offered $500,000 for 5% equity, with a royalty of $1.50 per unit until they recoup their investment and $0.50 in perpetuity thereafter. The founders countered with 3.5% equity. The Sharks then changed their offer to $500,000 for 5% with no royalty. The founders ultimately accepted this offer.
Who invested in Firefly Recovery?
Lori Greiner
Rashaun WilliamsFirefly Recovery's Pitch Highlights
Five-time Olympian Kerrie Walsh Jennings endorsed the product and demonstrated its use on stage.
The product is used by 800 pro and college teams.
The founders claim the product moves three times more blood flow than compression boots.
The product is protected by nine families of patents, totaling 47 patents.
The company had lifetime sales of $7.5 million at the time of the pitch and were projected to reach $5.5 million in sales that year.
One pack is said to last for approximately one month with daily use, providing about 15 treatments.
Firefly Recovery Shark Tank Update
- Official recovery partner for USA Boxing.
- Expanded product line with starter and travel packs.
- Featured on major media outlets.
- Gained endorsements from Olympians.
Key Milestones
March 21, 2025 - Shark Tank Appearance
Appeared on Shark Tank, securing a deal with Lori Greiner and Rashaun Williams.
March 28, 2025 - USA Boxing Partnership Extended
Extended partnership with USA Boxing through 2026.
April 23, 2025 - U.S. Figure Skating Supplier
Became official supplier for U.S. Figure Skating.
