✕ No deal Out of business Season 7, Ep. 15 💻 Technology & Software

Co.alition on Shark Tank

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Co.alition makes backpacks with integrated technology, including a built-in wireless hard drive and charging features. They are aimed at students and professionals carrying multiple devices who want to store and access files on the move.

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⏱ Co.alition in 30 seconds

  1. The ask$200K for 20%Valued at $1M
  2. In the tankNo dealWalked out without a Shark
  3. After the showWent it alone
  4. TodayClosedThe smart backpack company shut down in August 2017.

Co.alition Shark Tank deal

Asked for
$200,000 for 20%
Asking valuation
$1M
Result
No deal
Founders
-
From
-
Aired
Jan 29, 2016

Would you have invested in Co.alition?

The pitch

The founders pitched Co.alition in Shark Tank Season 7, Episode 15 (aired Jan 29, 2016). They asked for $200,000 in exchange for 20% equity, valuing the business at $1M. They left the Tank without a deal.

What happened to Co.alition after Shark Tank?

Out of business

Co.alition appears to be out of business (The smart backpack company shut down in August 2017.).

Sources (2)
  1. sharktankblog.com/business/co-alition
  2. explore.com/1401502/what-happened-coalition-smart-backpack-shark-tank
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Frequently asked questions

Did Co.alition get a deal on Shark Tank?

No. Co.alition did not get a deal on Shark Tank after asking for $200,000 for 20%.

Is Co.alition still in business?

Co.alition appears to be out of business (The smart backpack company shut down in August 2017.).

What season and episode was Co.alition on Shark Tank?

Co.alition appeared in Season 7, Episode 15, which first aired on January 29, 2016.

Where can I buy Co.alition?

Search for Co.alition on Amazon or major retailers; availability varies.

What was Co.alition's valuation on Shark Tank?

The founders valued Co.alition at $1,000,000 when they entered the Tank.

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