Dermovia /Lace Your Face Net Worth
The net worth of Dermovia/Lace Your Face is estimated to be $1.5 million. However, according to a recent article, the founders have a net worth of $3.5 million as of 2022. The company offers a variety of facial masks for different skin conditions.
What is Lace Your Face and Who is the founder of Lace Your Face?
Lace Your Face is a skincare brand that has introduced a groundbreaking skincare product – the silicone lace face mask.
This innovative product is made of stretchy lace fabric that is infused with hydrating serum, covering the entire face to provide complete facial care while allowing the wearer to read, listen to music, relax, work, wash their face, and even sleep.
Dermovia Lace Your Face was founded in 2012 by Anita Sun and Mariella Scott, who are passionate about providing practical solutions to daily skincare problems.
They are committed to setting the standard in terms of skin health and beauty innovation by offering their results-driven products to the world, starting with their superior shape wear lace face masks.
The Lace Your Face mask is a unique type of face mask that features compression technology embedded in the fabric, along with active skin treatment solutions that deliver beneficial ingredients deep into all layers of the skin.
These eco-friendly, reusable, and hypoallergenic masks are made entirely of natural ingredients and help to improve skin hydration, smoothness, texture, wrinkles, and other factors.
Anita Sun, the CEO of Dermovia, is a Medical Esthetician, and Mariella Scott, the Co-Founder, is a Beautypreneur, both of whom are passionate about developing practical solutions to daily skincare concerns. They were inspired to create specialized products that are affordable, easy to use, and perform as well as a visit to an Esthetician.
During the economic crisis, many customers had to make concessions to save time and money on skincare treatments, which led to the founders’ desire to create specialized goods that were economical, easy to use, and as effective as a visit to a professional.
Anita Sun used cotton gauze to help burn plastic surgery patients heal their skin after treatment. The fabric helped compress the skin, provide nutrients, and preserve moisture while also removing excess material from pores.
When they decided to launch Lace Your Face, they created lace-like absorbent stretch cotton gauze that performed the same functions as her surgical procedures while also looking feminine and exquisite.
Lace Your Face offers a variety of masks, including an exfoliating mask, a moisturizing mask, a pimple buster mask package with four distinct masks for weekly use, and additional masks for various skin issues.
Each mask has a two-use limit, and after use, the remaining material can be rubbed into the skin. A bundle of four or five masks costs $55 and is available on Amazon.
Lace Your Face Shark Tank pitch
Anita and Scott brought their product to the Sharks in hopes of securing investment for offline distribution. They pitched their Lace Your Face product and asked for $350,000 for a 10% stake in their $3.5 million valued company.
The Sharks were initially skeptical, with Robert dressing up as a bank robber and the other Sharks expressing uncertainty.
Bethenny offered $350,000 for a 30% discount if the product’s price was reduced to $39.99. Daymond and Mark both opted out, with Lori also initially declining. However, Lori later offered $350,000 for a 15% stake at a $2.33 million valuation, after learning of a 1 million unit order.
The deal was struck between Anita, Scott, and Lori, and Lace Your Face has since experienced significant growth. The proprietary face mask, which combines a stretch lace mask with hooks for the ears and chin, allows for full movement while delivering skin-beneficial serum.
Lace Your Face has expanded both online and in brick-and-mortar stores, and in 2018 they added dry masks and the Skin Cycle line of products.
The company’s yearly sales reached $4 million in 2021, exceeding its founders’ expectations. The Lace Your Face website features the latest news, videos, and product information.
Competitors of Lace Your Face
The company has many competitors, these are; Skin Mask, LUMI PILLAR, EASTSOAP, Sisley Paris, Latisse (bimatoprost ophthalmic solution), Face Lace Mask by Sarah Brooke Cosmetics, Inc., and Rejuva Mask Range by Rejuva Skincare, LLC
Net Worth of Lace Your Face
The company was valued at $3.5 million during the pitch and after the agreement with Lori the company valuation was $2.33 million and they have made several sales, this brings to increase the company valuation in 2021.
Lace Your Face Shark Tank Updates
Dermovia Lace Your Face is a skincare company that was featured on Shark Tank in the final episode of Season 9123. The entrepreneurs, Anita Sun Eisenberg and Mariella Scott, asked for $350,000 for 10% equity and ended up accepting $350,000 for 15% equity from Lori Greiner.
A single unit of the product costs about $15 for Dermovia to produce, and the package of four compression face masks is priced at just under $601. During the 2016 calendar year, the company generated just over $1 million in revenue and had only slipped a little during 20171.
After the deal with Lori closed, Lace Your Face has grown in recent years and now has an online presence as well as multiple brick-and-mortar locations. The company has sold $1 million in retail sales in just one year since appearing on Shark Tank.
Lace Your Face is a flexible lace fabric infused with moisturizing serum that covers the face to allow you to listen to music, read, relax, work, wash your face, and even sleep while wearing it. The product is designed to be used for 15-20 minutes, and the serum is absorbed into the skin.
In conclusion, Lace Your Face is a skincare company that was featured on Shark Tank in Season 9123. The entrepreneurs accepted a deal from Lori Greiner for $350,000 for 15% equity.
Since appearing on Shark Tank, Lace Your Face has grown and now has an online presence as well as multiple brick-and-mortar locations.
The company has sold $1 million in retail sales in just one year. Lace Your Face is a flexible lace fabric infused with a moisturizing serum that covers the face to allow you to listen to music, read, relax, work, wash your face, and even sleep while wearing it.
The Following Table Summarizes The Information About Lace Your Face/Dermovia.
|Estimated to be $1.5 million
|Anita Sun and Mariella Scott
|Facial masks for different skin conditions
|Lace Your Face
|A skincare brand that introduced silicone lace face mask
|Compression technology embedded in the fabric; active skin treatment solutions; eco-friendly, reusable, hypoallergenic masks
|$55 for a bundle of four or five masks on Amazon
|Shark Tank pitch
|Asked for $350,000 for a 10% stake, valuation of $3.5 million
|Lori Greiner deal
|Offered $350,000 for a 15% stake at a $2.33 million valuation
|Skin Mask, LUMI PILLAR, EASTSOAP, Sisley Paris, Latisse, Face Lace Mask by Sarah Brooke Cosmetics, Rejuva Mask Range by Rejuva Skincare
|$4 million in 2021
Lace Your Face FAQs
Lace Your Face Shark Tank
Lace Your Face is a skincare company that produces and markets skin care masks. The company was formed in 2014 by Mariella Scott and Anita Sun Eisenburg under the name Dermovia.
The masks are made of cotton stretch lace and are designed to compress the skin, forcing naturally derived ingredients into the skin to boost hydration. The masks are followed by a moisture-rich, waterless, shea butter and natural oil-based mask to lock in the hydration benefits.
Lace Your Face appeared on Shark Tank in episode 922, seeking $350,000 for 10% of their business. The Sharks chuckled when they saw the masks on the women, but they were impressed with the product and its potential.
Lori Greiner made a deal with the entrepreneurs, offering $350,000 for 15% equity. The deal closed, and Lace Your Face has since sold $1 million in retail sales in just one year. The masks are available for purchase on Amazon.
How Does Lace Your Face Shark Tank Works?
Lace Your Face is a skincare company that produces a patented facial mask incorporating a stretch lace wearable mask that hooks over the ears and under the chin, allowing for complete mobility and multi-tasking while delivering skin benefiting serum to help restore, repair and renew the skin.
The company was founded in 2014 by Mariella Scott and Anita Sun Eisenburg, who got together to form Dermovia, the company that makes and markets Lace Your Face.
The masks are made from a special blend of cotton gauze with just the right amount of compression to be soothing. They picked lace because it is a “material that symbolizes beauty and strength” .
In Shark Tank episode 922, Mariella and Anita entered the tank seeking $350,000 for 10% of their business. They gave their patch, and the Sharks chuckled because the masks looked silly on the women. They gave out samples, and Lori Greiner made a deal for $350,000 for 15% equity.
The masks cost $15 to make a 4-pack that sells for $55. Lifetime sales are $1.3 million with $750,000 coming in last year (2017) . The masks have a unique chin strap that pulls up and over the ears, so the mask will stay in place, and the wearer can engage in other activities if desired.
Lace Your Face masks are designed with a proprietary blend of high-performance wearable compression fabric to enhance absorption to every layer of skin in three steps: open pores, infuse nutrients, and seal to protect.
The masks offer light compression that helps kickstart the body’s natural repairing process, allowing it to work better on the skin. The masks are more effective and less restrictive than other sheet masks, and they save time and promise the best skin results.
What Is The Current Valuation Of Lace Your Face Shark Tank?
Lace Your Face, also known as Dermovia, is a skincare company that produces compression face masks. The founders of the company appeared on Shark Tank seeking an investment of $350,000 for a 10% stake in their $3.5 million valued company.
After negotiations, Lori Greiner agreed to invest $350,000 for a 15% stake in the company.
The net worth of the founders of Dermovia/Lace Your Face is $3.5 million, while the net worth of the company is estimated to be $1.5 million. The company was valued at $3.5 million during the Shark Tank pitch, but after the deal with Lori, the company’s valuation decreased to $2.33 million.
Each mask costs $15 to produce, and a package of four masks is priced at just under $60. The company had sales of $1 million in 2016 and was projected to have sales of $750,000 by the end of the year in which the Shark Tank deal was filmed.
The company has made several sales, which has increased its valuation in 2021.
In summary, the current valuation of Lace Your Face is not explicitly stated in the search results. However, the company was valued at $2.33 million after the deal with Lori Greiner on Shark Tank, and the net worth of the founders is $3.5 million.
The company has had sales of $1 million in 2016 and is projected to have sales of $750,000 by the end of the year in which the Shark Tank deal was filmed.
What Happened To Lace Your Face Shark Tank?
Lace Your Face is a skin-care business that invented the silicone lace face mask, a groundbreaking skin-care product. The company was founded by Mariella Scott and Anita Sun Eisenburg in 2014, who later changed the name of the business to Dermovia.
In 2017, the entrepreneurs entered the Shark Tank seeking $350,000 for 10% of their business, which valued their business at $3.5 million. During the pitch, the Sharks laughed at the masks worn by the women. However, Lori Greiner made a deal with the entrepreneurs, offering $350,000 for 15% equity.
The agreement between Dermovia and Lori was quickly finalized, and sales rocketed to new levels after Shark Tank.
As of August 2022, Dermovia is doing $4 million in annual revenue. The deal with Lori closed, and the company has grown in business.
After the deal with Lori, the company has seen a valuation of $2.33 million, and now the sales have increased, making the valuation higher. The product has reached many retail stores and has an online presence as a product for its consumers.
The company has sold $1 million in retail sales in just one year since appearing on Shark Tank.
What is Lace Your Face?
Lace Your Face is a skin-care brand that has created a revolutionary skin-care product, the silicone lace face mask. T
his product is stretchy lace fabric treated with hydrating serum that covers the face to make it easier to listen to music, read, relax, work, wash your face and even sleep while receiving full facial pampering.
Who is the founder?
The company founded by Anita and Scott.
What is their offer on Shark Tank?
They asking for $350,000 for a 10% equity in the company valued at $3.5 million.
Did they get an offer?
Yes, they did get an offer from Lori, who offered $350,000 for a 15% ownership in the company valued at $2.33 million.
Is still in business?
Yes, the company is still in business, and it is growing every day.
What was the Sales of Lace Your Face?
After appearing on Shark Tank, the firm has reached $1 million in sales in just one year.
Did Shark Tank help Lace Your Face?
Absolutely yes! They have had more customers since they appeared on Shark Tank.
What were they pitching?
They presenting a lace mask with hydrating serum that covers the face to make it easier to listen to music, read, relax, work, wash your face and even sleep while receiving full facial pampering.
What is Lace Your Face for?
These masks are designed for people who want the pampering of a spa without the hassle or cost.
How does it make money?
They sell them online, at their stores and gift them to their customers.
How much does it cost?
The masks are priced at $55 per pack which you can also find on Amazon.
What are the strengths?
It is a product that is in high demand and the sales in item for this item is increasing every month.
Is any opportunity?
Yes, they can expand and increase their sales and franchise of this product.
What is the weakness?
The product is directly sold online and in some stores, but if they get a franchise it will be easier for them to get more customers.
Is the company profitable?
The company is profitable, since they’re earning more than $1 million in sales.
What will happen?
They can continue expanding their sales, but they need to hire more people and improve their shipping.
What is the marketing strategy?
They’re using social media and the main thing they’re doing is to get people to use their product, and also they’re updating them on what’s happening in the company.
What is the net worth of Anita Sun Eisenberg?
The net worth is estimated at $2.3 million.
What is the net worth of Mariella Scott?
The net worth is estimated at $1.5 million.