✓ Got a deal Out of business Season 1, Ep. 14 💄 Fashion & Beauty

Nubrella on Shark Tank

Nubrella is a hands-free umbrella that is worn on the shoulders like a backpack, with a canopy that shields the head and upper body. It targets people who need both hands free in the rain, such as commuters, photographers and spectators.

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⏱ Nubrella in 30 seconds

The ask$200K for 25%Valued at $800K
In the tankDeal: $200K for 51%With Daymond
After the showNot confirmedNo public record either way
TodayClosedRebranded as Canope in 2020, then shut down after founder Alan Kaufma…

Nubrella Shark Tank deal

Asked for: $200,000 for 25%
Asking valuation: $800K
Result: Deal
Final deal: $200,000 for 51%
Deal valuation: $392.2K
Shark: Daymond John
Founders: Alan Kaufman
From: Boston, MA
Aired: Feb 5, 2010

Asked

$800K

Got

$392.2K

Would you have invested in Nubrella?

The pitch

Alan Kaufman from Boston, MA pitched Nubrella in Shark Tank Season 1, Episode 14 (aired Feb 5, 2010). They asked for $200,000 in exchange for 25% equity, valuing the business at $800K. The entrepreneurs walked away with a deal from Daymond John: $200,000 for 51%. That put the final valuation at $392.2K, 51% below what they originally asked for.