Gallant Shark Tank Net Worth

Gallant, a company that harvests and stores stem cells for dogs for use in stem cell therapy, had a valuation of $20 million in 2020.

In 2019, the company’s valuation was $25 million. As of 2022, Gallant has a net worth of more than $4.5 million.

The company’s net worth before appearing on Shark Tank was $25 million, and it appeared on episode 1111

What is Gallant and Who is the founder of Gallant?

Gallant is a company that specializes in preserving stem cells for pets. They work with pet owners and veterinarians to collect and store pet stem cells for future use in case their pets develop certain health conditions. Gallant offers customizable stem cell storage options for dogs, cats, and horses.

The founder and CEO of Gallant is Aaron Hirschhorn. Prior to founding the company, Aaron had various jobs, including working as an analyst for Kayne Anderson Capital Advisors and as the Founder, CEO, and Chairman of DogVacay. He also served on the board of directors of Rover.com, which acquired DogVacay.

Aaron decided to start Gallant after successfully undergoing stem cell treatment for his persistent back pain. When his dog developed severe arthritis, he wanted to explore stem cell treatment for pets.

With his passion for animals and his experience in the tech industry, Aaron raised $11 million from Silicon Valley colleagues and established Gallant.

Here’s how the process works: when a pet is spayed or neutered, the pet owner can request that the veterinarian preserve the excised reproductive organs.

The veterinarian then sends the organs to Gallant’s FDA-approved laboratory, where the stem cells are extracted and frozen using liquid nitrogen. The stem cells are stored at the laboratory and are available for use when needed.

The cost for collecting and storing pet stem cells is $595 per year or $595 for a lifetime. When the stem cells need to be used, therapy from the veterinarian costs approximately $300. Gallant currently serves dogs, cats, and horses, providing a unique way for pet owners to protect their pets’ health in the future.

Gallant the Shark Tank pitch

In an episode of Shark Tank (1108), Aaron Hirschhorn presented Gallant, his company specializing in dog stem cell treatment, seeking additional funding to accelerate its expansion, although the company was already adequately funded.

During the pitch, Aaron requested $500,000 in exchange for a 2% stake in the company, valuing it at $25 million. The Sharks were surprised and questioned him about the high valuation.

Aaron explained that he owned four patents that he believed would limit competition and had already secured investors, which is why he was only seeking a minimal equity stake.

The Sharks were concerned about the amount of money Aaron was burning through to initiate the stem cell division, which was $400,000 per month. Anne Wojcicki advised Aaron to initially charge a higher price, then reduce the pricing afterward once he had figured out how to expand the company.

Kevin made two offers, while Lori and Anne joined forces, offering $500,000 in exchange for 8% ownership. Eventually, Aaron accepted Lori and Anne’s offer of $500,000 in exchange for 5% equity shares.

After Shark Tank, Aaron followed Anne’s advice and increased the lifetime plan’s premium from $595 to $890, with a one-time setup cost of $205. As of August 2020, the company was still operational, earning $2.5 million per year.

Sadly, Aaron passed away in a boating accident in March 2021. As of June 2021, it is uncertain how this will affect the company. Nonetheless, the company remains operational as of January 2022.

Competitors of Gallant

Gallant Pet’s main competitors are Bimeda, Ruipeng, AniCura and Banfield Pet Hospital.

Net Worth of Gallant

The company valuation was $25 million during the pitch. Since the company is still operating and hence the company net worth might be higher than that of pitch.

Gallant FAQs

What is Gallant?

Gallant is a firm that specializes in pet stem cell banking. They collaborate with you and your pet’s veterinarian to harvest and preserve your pet’s cells for use in the future if their pet develops one of the prevalent health problems.

They provide stem cell storage options that are customizable for you and your pet, which currently includes dogs, cats, and horses.

Who is the founder?

Aaron Hirschhorn, Gallant’s founder and CEO, held a variety of professions before to founding the company.

How much was Aaron seeking on Shark Tank?

Aaron was seeking for $500,000 for 2% equity in the firm.

How did Gallant go on Shark Tank?

Gallant got an investment from Lori Greiner and Anne Wojcicki.

How much did they invest?

They invested $500,000 for 5% equity shares of the company.

Is Gallant still in business?

Yes. Aaron passed away in a boating accident in Miami on March 28, 2021. However, the firm is still operating as of January 2022.

Where is Gallant located?

Gallant is located in Sunnyvale, California, United States.

Is Gallant a startup or a mature company?

Gallant is both a startup and a mature company. It is one of the most successful dog stem cell banking firms.

What is the price range for Gallant?

Gallant’s pricing plans are $95/month for the pet’s storage plan and $250/unit for the pet’s stem cell extraction plan.

Where can I find Gallant?

Gallant is accessible around the country and is already being used in a number of veterinary clinics, but the greatest part is that ANY veterinarian may perform the Gallant storage technique.

Simply inform them of their veterinarian’s name and the date of their spay/neuter appointment, and they’ll take care of the rest.

What is the procedure’s mechanism of operation?

It’s straightforward. When customers bring their dog to the veterinarian for surgery, any leftover tissue will be wrapped in the sterile collection kit and shipped to the lab in La Jolla, California.

There, scientists will analyze the tissue, extract and count the stem cells in the dog, and freeze them until their pup requires them later in life.

What are pluripotent stem cells?

The potential of stem cells to convert into numerous types of cells is what makes them so remarkable.

What’s more remarkable is that they can aid in the regeneration of damaged tissues including as cartilage, bone, and ligaments, allowing the dog to live a happier, longer life.

What makes stem cell therapy so remarkable?

Stem cell treatment, in their opinion, is the most natural option to cure the dog’s diseases. Due to the fact that it is derived from their dog’s biology, there is no danger that it will be rejected by their body.

Stem cell treatments have demonstrated significant potential in the treatment of a variety of disorders in both dogs and humans.

They are capable of treating the source of the disease because to their proximity to areas of inflammation.

Is Gallant secure?

They care as much about the dog’s health as they do, which is why they designed the least intrusive collecting technique possible.

They just take the tissue that would normally be wasted during the spay/neuter surgery and send it to the laboratory.

There, the stem cells from the dog are treated and preserved under extremely rigorous restrictions and laws. One may rest certain that their puppy is in capable care.

What dangers exist?

Because the tissue harvest occurs during spaying or neutering, there are no additional hazards associated with maintaining their dog’s stem cells.

They are also preserved in their lab, which adheres to the highest quality standards and FDA requirements, ensuring that there are no dangers.

Why should I bank the stem cells from my pet?

Because stem cells stored in banks never expire! They retain their youth and vitality even in storage.

Thus, when the pup ages and the quality and quantity of their body’s cells deteriorate, stored stem cells can be utilized to make them feel refreshed again.

How long is the course of treatment?

Historically, stem cell therapies have varied according to the condition being treated, but most pets benefit from a single injection for 1-4 years. If symptoms recur, see their veterinarian; if they have more dosages on hand, they may propose different therapy.

How is the tissue from my pet delivered?

After collecting the tissue, the veterinarian will place it in a sterile preservation kit that will maintain a temperature of 2-8 degrees Celsius for up to 48 hours to guarantee it arrives in excellent condition.

On the same day as the operation, a Gallant courier will collect the sample from their veterinarian and FedEx it overnight to their La Jolla, California laboratory. There, the dog-loving experts will process their dog’s tissue.

How do I persuade my veterinarian to prescribe Gallant?

Gallant allows customers to select the veterinarian of their choice. To enroll it then, simply submit their information to them at [email protected] and they’ll take care of the rest.

Alternatively, direct them to gallant.com/for-veterinarians/ to learn about the future of pet care.

What is the net worth of Aaron Hirschhorn?

Aaron Hirschhorn had an estimated net worth of $2 million.