Boost Oxygen Shark Tank Net Worth 2023

During a business pitch, Boost Oxygen was valued at $20 million. However, after investor Kevin O’Leary made an investment, the company’s value decreased to $15.4 million.

Despite this setback, the company has been successful in generating revenue through strong sales performance, with an annual revenue of $15 million. This indicates that the company’s overall worth has increased over time.

What is Boost Oxygen? Who is the founder of Boost Oxygen?

Boost Oxygen is a company that produces and sells supplementary oxygen to increase oxygen levels in the body.

The company was founded by Rob Neuner in 2007 after he discovered the popularity of canned oxygen in European markets.

Neuner initially started using canned oxygen to boost his energy during jet lag and triathlons and later realized the potential for the product in the United States market.

Breathing in oxygen has numerous health benefits and can provide similar advantages as energy drinks without caffeine and sugar.

Boost Oxygen is considered “aviator grade” oxygen and can provide metabolic benefits to users. Oxygen is important for cell metabolism, and if the body doesn’t receive enough of it, cell metabolism slows down and causes lethargy.

Boost Oxygen is intended for recreational use and is not a substitute for medical oxygen. The product is 85 percent pure, whereas medical oxygen is 99 percent pure.

Boost Oxygen is available in three aromatherapy flavors – pink grapefruit, peppermint, and menthol – and can be purchased online at Amazon and in CVS stores across the country.

The price of Boost Oxygen varies based on the size of the canister. A pocket-sized can cost $7.99 and contains about 40 inhales, while a medium-sized can cost $9.99 and contains about 100 inhales.

A large canister costs $14.99 and provides about 200 inhales. There are also discounts available for purchasing in quantity.

Boost Oxygen has recently signed a contract with Major League Lacrosse and is popular among fitness enthusiasts and triathletes. Olympic swimmer and Ironman champion Kyle Smith is a regular user of the product.

It’s important to note that Boost Oxygen is not a substitute for medical oxygen and one canister of Boost Oxygen can last for approximately 30 minutes.

Each canister contains 0.5 milliliters (mL) of air, which is equivalent to 1 liter (L) of room air at sea level pressure (14.7 psi).

Boost Oxygen Shark Tank Pitch

Mike and Rob decided to present their business idea to the investors on Shark Tank, in the second episode of the ninth season of Boost Oxygen. Their objective was to establish connections with other sports organizations and enhance their development prospects.

During the pitch, they requested $1 million in exchange for a 5% stake in their company, which was valued at $20 million. They sought the guidance of a Shark to expand their retail distribution.

They revealed that their annual sales were $6.4 million, with a profit of $1.5 million. Despite appreciating their data, the Sharks were hesitant due to the high consumer education curve, and they eventually declined the offer one by one.

Kevin presented an alternative offer of a $1 million loan at a 9% interest rate, in exchange for 7.5% equity shares. After some negotiation, they agreed on a $1 million loan at a 7.5% interest rate, with Kevin receiving 6.25% equity shares. The deal was finalized, and Rob and Mike left the pitch with Kevin’s support.

After the show aired, the company’s products were made available in several national brands such as CVS, Dicks Sporting Goods, and Bass Pro Shops. Customers could also purchase their products from Amazon.

Since appearing on Shark Tank, the company has generated over $15 million in less than a year, and they have increased its retail presence from approximately 4,000 to over 8,000 shops, including Kroger’s and Walgreens.

During the 2020 Covid-19 epidemic, the company donated to the Bridgeport, CT food pantry. Kevin also promoted the business during the episode, stating that it had the potential to be “big” in the future. As of June 2021, the firm’s sales were predicted to exceed $20 million for the year, indicating their success.

Competitors of Boost Oxygen

The company’s top competitors include Total Gym, Kangoo Jumps, Precor, and Aspire Beverage.

Net Worth of Boost Oxygen

The company was valued at $20 million during the pitch, after the investment done by Kevin O Leary the company valuation was $15.4 million. Since then the company has been doing well in sales with annual revenue of $15 million. This shows that the company’s net worth had increased.

Boost Oxygen Shark Tank Updates

Boost Oxygen is a company that produces cans of oxygen that can be used to help with physical activity and athletic performance. The company appeared on Shark Tank in 2019, seeking a $1 million investment in exchange for 5% equity.

The sharks were impressed with the company’s sales figures – $6.4 million in sales and $1.5 million in profits in the year they debuted on Shark Tank. Kevin O’Leary made an offer of a $1 million loan at 7.5% interest for 6.25% equity, which the founders accepted.

Since appearing on Shark Tank, Boost Oxygen has expanded its retail presence from around 4,000 stores to over 8,000 stores, including major retail outlets such as Albertsons, CVS, Kroger, Walgreens, and Walmart.

The company has also donated to the food bank of Bridgeport, CT during the COVID-19 pandemic. As of 2023, the company is projected to make $20 million in sales by the end of 2021.

The founders of Boost Oxygen, Mike Grice and Rob Neuner, still own 95% of the market share for canned oxygen. The company’s sales and growth have soared since appearing on Shark Tank, and it is now worth between $20 million and $35 million.

The company’s progress report was revealed in Shark Tank Season 12 Episode 23, where it was announced that the company’s sales had reached $15 million annually. The founders are still working on expanding the company’s retail network and are being followed for further updates.

Summary Table For Boost Oxygen:

ITEM	DETAILS
Company	Boost Oxygen
Founder	Rob Neuner
Product	Canned oxygen supplements
Benefits	Increases oxygen levels in the body, and provides metabolic benefits similar to energy drinks
Available	Online at Amazon and in CVS stores across the US
Variants	Three aromatherapy flavors – pink grapefruit, peppermint, and menthol
Canister	Pocket-sized can (40 inhales) – $7.99, Medium-sized can (100 inhales) – $9.99, Large can (200 inhales) – $14.99
Competitors	Total Gym, Kangoo Jumps, Precor, Aspire Beverage
Shark Tank	Valuation of $20 million, investment by Kevin O’Leary for $1 million at 7.5% interest, 6.25% equity
Sales	Annual revenue of $15 million
Net Worth	Valued at $15.4 million after investment, current net worth has increased
Updates	Expanded retail presence to over 8,000 stores, donated to Bridgeport, CT food pantry during COVID-19 pandemic

Boost Oxygen FAQs

What Is Boost Oxygen, its Founder, and Its Uses?

Boost Oxygen is a company that produces lightweight, portable, and affordable canisters of 95% pure supplemental oxygen for health, recovery, natural energy, and athletic performance.

The company was founded in 2007 by Rob Neuner, who was inspired by seeing oxygen cans at stores and truck stops in the Czech Republic for hangover relief and keeping drivers alert on the road.

Boost Oxygen manufactures and fills all of its canisters in the United States and is a proud supporter of MVPvets, a non-profit organization helping veterans obtain employment and mentorship in the Bio and Medtech industries.

Boost Oxygen has experienced tremendous growth in recent years as consumers learn more about the health and wellness benefits of supplemental oxygen.

The company has also received extensive media coverage thanks to its appearance on the hit ABC show “Shark Tank” during Season 11, Episode 2 in October 2019.

Boost Oxygen CEO Rob Neuner and COO Mike Grice were interviewed in April 2021 for a Shark Tank update, where they discussed how the show transformed the company, what it’s like working with Kevin O’Leary, and advice for new entrepreneurs.

What Happened To Boost Oxygen After Shark Tank?

Boost Oxygen is a company that offers 95% pure oxygen in bottles. The company appeared on Shark Tank in 2019, seeking help with retail expansion. The founders, Mike Grice and Rob Neuner asked for $1 million for 5% equity in the company.

As of their Shark Tank appearance, Boost Oxygen had made $6.4 million in sales and gained a profit of $1.5 million.

The majority of the sharks were concerned that there was too steep of an educational curve for potential consumers to understand the benefits and uses of supplemental oxygen.

However, Kevin O’Leary offered a loan of $1 million at 9% interest for 7.5% equity in Boost Oxygen. After some negotiation, the trio finalized a deal in which Kevin invested $1 million in the company as a loan at 7.5% interest for 6.5% equity.

Since appearing on Shark Tank, Boost Oxygen’s sales and growth have skyrocketed to new heights. The company’s product is now sold in over 30 countries nationwide, including CVS, Bass Pro Shops, and Walmart.

Boost Oxygen is now considered the leader in the canned oxygen market, with over $15 million in sales since Shark Tank.

The founders claim that they own 95% of the market share. Kevin O’Leary has promoted the product by uploading a video, and some popular celebrities have also been seen using this product.

Boost Oxygen could be worth $20 million to $35 million depending on the company’s sales and performance.

How Has Boost Oxygen Expanded Since Appearing On Shark Tank?

Boost Oxygen has experienced significant growth since appearing on Shark Tank. The company’s sales and growth have soared to new heights since appearing on the show, and the product is now available in major retail outlets such as Albertsons, CVS, and Walmart.

Boost Oxygen has experienced 50% growth in business each year since the episode aired. The company’s supplemental oxygen comes in a recyclable aluminum bottle that’s been marketed to athletes, those in high altitudes, and people in locations with poor air quality.

Boost Oxygen does not advertise its products for medical use, but the accessibility and utility of its canned oxygen became a hot commodity among consumers looking for a natural respiratory support product during the pandemic.

After appearing on Shark Tank, Kevin O’Leary invested $1 million in Boost Oxygen as a loan at 7.5% interest for 6.5% equity in the company. The company was valued at $20 million in 2021. As of 2023, Boost Oxygen is still expanding and has become a global brand.

The company’s biggest market is in Colorado and places of altitude where there is less oxygen in the air and people are used to grabbing a can of oxygen. Boost Oxygen has also been building back based on oxygen’s help in improving respiratory health during the pandemic.

What Is The Current Valuation Of Boost Oxygen?

Boost Oxygen is a company that sells bottles with 95% pure oxygen, which is designed to provide a refreshing sensation and a burst of energy when tired or exercising. The company appeared on Shark Tank and was valued at $20 million during the pitch.

After investor Kevin O’Leary made an investment, the company’s value decreased to $15.4 million. As of 2023, Boost Oxygen is worth $15 million.

Boost Oxygen has been successful in sales, making $6.4 million in sales with a $1.5 million profit before seeking help from angel investors.

Since appearing on Shark Tank, the company’s sales and growth have reached new limits, and the product is sold in over 30 countries nationwide, including CVS, Bass Pro Shops, and other national chains.

Boost Oxygen has also expanded its product line to include different flavors, which gained popularity in malls, and a t-shirt, water bottles, and USB fans.

Boost Oxygen’s competitors include Total Gym, Kangoo Jumps, Precor, and Aspire Beverage. Despite the competition, Boost Oxygen continues to be motivated in sharing its success.

How much were they asking on Shark Tank?

They were seeking for $1 Million for a 5% Stake in their company.

Did they get the deal?

Yes, they got the deal from Kevin O Leary after the Shark Tank episode.

How much was the deal?

Kevin O’Leary offered a $1 million loan at 7.5% interest with Kevin receiving 6.25% equity shares of the company.

Is Boost Oxygen still in business?

Yes, the company is still in business and growing its sales with over 20 million dollars projected for 2021.

How much money did they make from Shark Tank?

They made $15 Million from Shark Tank.

Where is their Headquarters located?

The firm has its headquarters in Chicago and is headquartered at 206 W. Congress Street, Chicago IL 60610.

What products does Boost Oxygen sell?

Boost offers many different types of supplements, including a t-shirt, water bottles and USB fans.

What has been the company’s performance?

The company was valued at $20 million during the pitch after Kevin O Leary invested in it. Since then the company has been doing well in sales with annual revenue of $15 million. This shows that the company’s net worth had increased.

How does Boost Oxygen Work?

Boost Oxygen canister provides 0.5 milliliters (mL) of air, which is equivalent to 1 liter (L) of room air at sea level pressure (14.7 psi). The total volume available from one canister is.

Why is it so bright?

The weight of oxygen gas is negligible. The sealed cans of Boost Oxygen are relatively light, but they are guaranteed to be full. Because the Oxygen within has no visible mass, the weight of a full container seems empty. Because of the weight advantage, Boost Oxygen cans are easy to transport.

Is it okay for me to take Boost Oxygen if I have a lung condition?

Boost Oxygen is not a replacement for those who have been prescribed Medical Oxygen (99 percent purity) for medical reasons. It is only for recreational purposes.

Is Boost Oxygen Combustible?

No. Although oxygen is not a fuel in and of itself, when coupled with a fuel and ignited, it can serve to speed up the chemical process.

Is it legal to bring Boost Oxygen on a passenger plane?

Despite the fact that Boost Oxygen is a natural and safe substance, the FAA and TSA do not allow recreational oxygen in carry-on or checked luggage.

How do I dispose of the canisters?

Because our canisters are composed of aluminum, they are recyclable. They may be disposed of in the same manner as regular cans!

How do you handle returns?

If a product is damaged in transit or arrives faulty, please return it to the firm at the contact address indicated on our Contact Page, along with a copy of the receipt and an explanation for the return.

A full refund will be granted within 30 days of arrival following a satisfactory evaluation (by Boost Oxygen LLC) that there was a manufacturer’s defect or that damage occurred during delivery.

How do I know when it’s time to change my Boost Oxygen canister?

Boost Oxygen is merely pressure pumped into the container (sort of like a tire). There are no aerosols or propellants utilized.

As the can depletes, so does the pressure of the oxygen flow from the can, until it is eventually empty. The container is empty when the oxygen no longer flows.

What is the net worth of Rob Neuner?

Rob Neuter’s net worth is unknown.