FiberFix on Shark Tank

FiberFix is a repair wrap made with resin-coated fiberglass that hardens into a rigid, durable bond for fixing broken tools, pipes and equipment. It targets DIYers and homeowners who need a stronger alternative to duct tape.

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⏱ FiberFix in 30 seconds

The ask$90K for 10%Valued at $900K
In the tankDeal: $250K for 12%With Lori
After the showNot confirmedNo public record either way
TodayAcquiredJ-B Weld bought the FiberFix brand from Spark Innovation in October 2…

FiberFix Shark Tank deal

Asked for: $90,000 for 10%
Asking valuation: $900K
Result: Deal
Final deal: $250,000 for 12%
Deal valuation: $2.08M
Shark: Lori Greiner
Founders: -
From: Pleasant Grove, UT
Aired: Oct 25, 2013

Asked

$900K

Got

$2.08M

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The pitch

The founders from Pleasant Grove, UT pitched FiberFix in Shark Tank Season 5, Episode 6 (aired Oct 25, 2013). They asked for $90,000 in exchange for 10% equity, valuing the business at $900K. The entrepreneurs walked away with a deal from Lori Greiner: $250,000 for 12%. That put the final valuation at $2.08M, 131% above what they originally asked for.