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’s net worth might be higher than that of the pitch.

Gallant Shark Tank Updates

Gallant is a stem cell banking company for pets that appeared on Shark Tank in 2019. The founder, Aaron Hirschhorn, pitched the business and secured an investment of $500,000 for 5% equity from Lori Grenier and Anne Wojcicki.

Gallant stores stem cells from pets in an FDA-approved lab and charge $595 for a lifetime or $95 per year for the collection and storage service. When the cells need to be harvested, it costs around $300 for a treatment from a veterinarian.

Unfortunately, Aaron Hirschhorn passed away in 2021 due to a boating accident. Despite this, Gallant remains in business and is actively selling products.

The company is committed to continuing its mission of making regenerative medicine a part of pets’ wellness plans.

Gallant is at the forefront of science and is working every day to advance the field of stem cell therapy. The company has received multiple testimonials from pet owners who are thankful for the stem cell bank for their precious pets.

In conclusion, Gallant is still in business and thriving despite the tragic loss of its founder, Aaron Hirschhorn.

The company is committed to continuing its mission of making regenerative medicine a part of pets’ wellness plans and has received positive feedback from pet owners who have used its services.

A Summary Table For Gallant Shark Tank 2023

TOPIC	DETAILS
Company Name	Gallant
Founder	Aaron Hirschhorn
Valuation	$25 million (before Shark Tank)
Net Worth	$4.5 million (as of 2022)
Service	Stem cell banking for pets
Animals	Dogs, cats, and horses
Cost	$595/year or $595/lifetime for storage
Shark Tank	Appeared on episode 1111, secured $500,000
Competitors	Bimeda, Ruipeng, AniCura, Banfield Pet Hospital
Founder’s Death	Aaron Hirschhorn passed away in March 2021
Current Status	The company remains operational as of January 2022

Gallant FAQs

What Is Gallant And How Does It Work?

Gallant is a company that offers stem cell banking for pets. The company collects stem cells from a pet’s fat tissue during a routine procedure such as a spay or neuter, and stores them in their San Diego lab.

The stem cells can be used in the future to treat various conditions such as arthritis, tendon and ligament injuries, and other ailments.

Gallant uses a proprietary process to extract mesenchymal stem cells (MSCs) from the reproductive tissue that is discarded during a pet’s spay/neuter.

The company offers two options for stem cell banking: autologous treatments that use the pet’s own stem cells, and allogeneic treatments that use stem cells from a healthy donor.

Gallant charges $595 for a lifetime or $95 per year for the collection and storage service, with an additional cost of around $300 for treatment from a veterinarian when the cells need to be “harvested”.

The company is committed to advancing the field of stem cell therapy and making regenerative medicine a part of a pet’s wellness plan.

Who is the founder?

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

What Happened To The Founder Of Gallant After Appearing On Shark Tank?

Aaron Hirschhorn, the founder of Gallant, passed away in 2021 due to a boating accident. Despite this, the business is still stable and actively selling products.

On Shark Tank, Aaron sought an investment of $500,000 for 2% equity in the business and accepted a $500,000 investment from Lori Grenier and Anne Wojcicki for 5% equity.

However, the deal did not close. Gallant offers stem cell banking for pets and is committed to advancing the field of stem cell therapy. The company is still in business and thriving.

What Was The Outcome Of Gallant’s Pitch On Shark Tank?

During Gallant’s pitch on Shark Tank, founder Aaron Hirschhorn sought an investment of $500,000 for 2% equity in the business.

He gave a demonstration of the product and explained the business and its unique selling proposition. Anne Wojcicki expressed interest in investing but suggested that Aaron lower the price of Gallant.

However, after the show, Aaron raised the price of Gallant from $595 to $890 and made various changes.

The deal with Anne and Lori Greiner did not close. Despite this, Gallant captured some popularity after appearing on the show.

The company offers stem cell banking for pets, with a collection and storage service costing $595 for a lifetime or $95 per year.

When the cells need to be “harvested,” it costs around $300 for a treatment from a veterinarian. Gallant is still in business and actively selling products.

How much was Aaron seeking on Shark Tank?

Aaron was seeking $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 info@gallantpet.com 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.