Hydroviv Shark Tank Net Worth
Hydroviv is a water filtration system company founded by Eric Roy. It had an estimated net worth of at least $5 million before appearing on Shark Tank. On the show, Eric Roy asked for a $400,000 investment from one of the sharks in exchange for a 10% stake in his firm, valuing it at $4 million.
What is Hydroviv and Who Founded Hydroviv?
Hydroviv is a company that specializes in manufacturing water filters that are specifically designed to remove harmful contaminants from local water supplies, such as lead, arsenic, and chlorine.
These filters are unique in that they do not remove essential minerals like calcium, magnesium, and potassium, which are beneficial for human health.
Hydroviv filters are easy to install and utilize a combination of filter media to address specific and unique pollution concerns in local water supplies. This is in contrast to conventional reverse osmosis systems that can be expensive to install and maintain.
The company was initially founded as a philanthropic effort by Roy, who is a self-described “water nerd.”
Roy recognized the dangers of contaminated water in Flint, Michigan long before it became a national issue, and started Hydroviv to provide free filters to residents of that area. This charitable effort continues to this day.
If you want to install one of these filters in your kitchen, it will cost you $224.99. Replacement filters can be purchased for $65, or $55 if you subscribe to their service. Before shipping, Hydroviv reassesses the local water quality to ensure that the filters will be effective in removing the specific contaminants present in that area.
Hydroviv was founded by Roy Eric and has since gained popularity for its innovative approach to water filtration and commitment to providing clean and safe drinking water to communities in need.
Hydroviv Shark Tank Pitch
During the Shark Tank pitch, Eric offered a 10% stake in his company for $400,000, giving the firm a $4 million valuation. Eric explained his firm’s history and distributed samples.
When questioned about why he required the funds, he stated that he needed to employ a full-time marketer. Mark questioned why he needed a marketer when Eric could do the marketing himself.
Rohan Oza, a guest shark, stated that the primary problem was that individuals were unaware of their water quality, and he was uncertain how to reach and engage with those individuals. Lori concurred, stating that the marketing message was unclear, and withdrew from the deal.
Mark believed that Hydroviv was selling trust, and Eric should be the one to reach out rather than hiring a marketer. The deal with Mark was not finalized, and Eric stated that the contract may not have been ideal for them.
Despite this, Kevin “Mr. Wonderful” O’Leary congratulated Hydroviv on its fifth anniversary, implying that Eric was still in touch with the Sharks.
After the pitch, Hydroviv’s sales increased, and the company anticipates surpassing its $1.7 million sales target for the year. As of June 2021, the firm is still operational and generating $1 million in annual revenue.
Hydroviv Net Worth
Eric comes in with a bid of $400,000 for a 10% stake in his firm. This brings the valuation to $4 million. He accepted an offer from Mark of $400,000 for a 20% stake thus bringing the valuation to $2 million.
Hydroviv Shark Tank Updates
Hydroviv is a company that makes personalized water filters designed to remove specific contaminants in local water supplies. The founder of Hydroviv, Dr. Eric Roy, pitched his product on Season 10 of Shark Tank, seeking an investment of $400,000 in exchange for 10% equity.
Mark Cuban offered $400,000 for 20% of the company, which Roy accepted without negotiating. However, after the episode aired in April 2019, the deal with Cuba did not go through.
Despite the failed deal with Cuban, Hydroviv has continued to grow. The company sells an average water filter system for about $190, while the manufacturing costs are much lower at just approximately $50.
Hydroviv’s water systems are durable and are designed for region-specific types of water. The company has experienced an increase in demand for the product after appearing on Shark Tank and has recorded revenue growth.
In 2023, Hydroviv is still in business and selling its personalized water filters. Although the deal with Mark Cuban did not go through, the company has continued to grow and expand its customer base.
Hydroviv Shark Tank Table Summary:
| INFORMATION | SUMMARY |
| Company name | Hydroviv |
| Founder | Eric Roy |
| Product/service | Custom water filters designed to remove specific contaminants in local water supplies |
| Pricing | $224.99 for the filter, $65 for replacement filters, or $55 for replacement filters with a subscription |
| Net worth | At least $5 million before appearing on Shark Tank |
| Shark Tank pitch | Eric Roy asked for a $400,000 investment from one of the sharks in exchange for a 10% stake in his firm, valuing it at $4 million. Mark Cuban offered $400,000 for 20% of the company, but the deal was never finalized. |
| Update | Despite the failed deal with Cuban, Hydroviv has continued to grow and is still in business as of 2023. |
| Competitors | Brita and Pur |
| Unique selling points | Hydroviv filters are unique in that they do not remove essential minerals like calcium, magnesium, and potassium, which are beneficial for human health. These filters are also easy to install and utilize a combination of filter media to address specific and unique pollution concerns in local water supplies, which is in contrast to conventional reverse osmosis systems that can be expensive to install and maintain. |
Hydroviv Competitors
Hydroviv competes with other water filter manufacturers, including Brita and Pur.
Hydroviv FAQS
What Is Hydroviv Shark Tank?
Hydroviv is a company that builds custom water filters designed for region-specific types of water. The founder of Hydroviv, Dr. Eric Roy, is a Ph.D. chemist who designed the Hydroviv water filtration systems to be adjusted according to the chemical composition of the local water supply.
Hydroviv obtains data via publicly available local water testing and quality reports. The company’s water filters are designed to remove specific contaminants, such as lead, arsenic, and chlorine, in local water supplies.
Hydroviv appeared on Shark Tank in Season 10, seeking an investment of $400,000 in exchange for 10% equity. The Sharks were impressed with the Hydroviv water filter, but some expressed concerns about marketing the product.
Mark Cuban made an offer of $400,000 for 20% equity, but the deal was never finalized. Despite this, Hydroviv is estimated to generate over $1 million per year.
Hydroviv water filters are fully customized for any type of home and are designed to deliver endless bottled quality drinking water right in your home for many years to come, eliminating plastic bottles.
The target market for Hydroviv water filters is every US household aware of the need to invest in a sink water filter to remove contaminants and impurities for improved health and better-tasting water.
Hydroviv’s customization is not just about improving the taste of the water, but also about removing contaminants particularly found in the water supply of your locality.
How Does Hydroviv Shark Tank Work?
Hydroviv is a water filtration system that uses reverse osmosis to remove contaminants and impurities from the natural water supply while keeping the essential minerals intact.
The filter system is designed to be adjusted according to the chemical composition of the local water supply.
Hydroviv’s customization is a single feature that makes it stand out among all the other water filtration systems available in the market. The company obtains data via publicly available local water testing and quality reports.
Hydroviv was featured on Shark Tank in 2019, where founder Dr. Eric Roy pitched his product and received an offer from Mark Cuban of $400,000 for 20% equity. However, after the episode aired, the deal with Cuba did not go through.
Despite this setback, Hydroviv has continued to grow and expand its market. The water purifier is designed for do-it-yourself installation, and all necessary parts for installation are included. The target market for Hydroviv water filters is every US household aware of the need for filtered water.
In conclusion, Hydroviv is a water filtration system that uses reverse osmosis to remove contaminants and impurities from the natural water supply while keeping the essential minerals intact.
Hydroviv was featured on Shark Tank in 2019 and received an offer from Mark Cuban, but the deal did not go through. Despite this setback, Hydroviv has continued to grow and expand its market.
The water purifier is designed for do-it-yourself installation, and all necessary parts for installation are included. The target market for Hydroviv water filters is every US household aware of the need for filtered water.
What Happened To Hydroviv After Shark Tank?
Hydroviv is a company that builds custom water filters designed for region-specific types of water.
The founder of Hydroviv, Dr. Eric Roy, pitched his product on Season 10 of Shark Tank, seeking an investment of $400,000 in exchange for ten percent equity. He left with a deal with billionaire Mark Cuban: $400,000 for 20 percent.
However, after the Shark Tank episode originally aired in April 2019, the deal with Cuban did not go through. Despite this, Hydroviv is still operating and is estimated to generate over $1 million per year.
Hydroviv’s water filters are designed to remove specific contaminants, such as lead, arsenic, and chlorine, in local water supplies. The company obtains data via publicly available local water testing and quality reports.
The water systems are durable and are sold for an average of $190, while the manufacturing costs are much lower at just approximately $50. It costs about $50 to replace an existing filter with a new one.
Although the deal with Mark Cuban did not go through, Hydroviv did experience an increase in demand for the product after appearing on Shark Tank. The company has gone on to success following the show with an estimated net worth of at least $5 million.
Is Hydroviv Shark Tank Still In Business?
Hydroviv is a company that makes custom water filters designed for region-specific types of water. The founder, Dr. Eric Roy, pitched his product on Shark Tank in Season 10, seeking an investment of $400,000 in exchange for 10% equity.
Mark Cuban offered $400,000 for 20%, which Eric accepted. However, the deal with Mark never closed. Despite this, Hydroviv is still in business and is estimated to generate over $1 million per year.
After the Shark Tank episode aired, Hydroviv experienced an increase in demand for its product. The company is still operating and providing employment to people. Although Mark Cuban did not invest in Hydroviv, Kevin O’Leary gave a shoutout to the company on its fifth-year anniversary.
Hydroviv’s water filters are optimized for local water conditions and remove specific contaminants such as lead, arsenic, and chlorine.
The company obtains data via publicly available local water testing and quality reports. The filters cost about $225 and it costs $50 to replace an existing filter with a new one.
What Is The Current Valuation Of Hydroviv After Shark Tank?
Hydroviv is a water filtration system company founded by Eric Roy that appeared on Shark Tank. Before appearing on the show, Hydroviv had an estimated net worth of at least $5 million.
During the pitch, Eric Roy asked for a $400,000 investment from one of the sharks in exchange for a 10% stake in his firm, valuing it at $4 million.
Despite not receiving an investment, Hydroviv’s sales increased after the show, and the company anticipates surpassing its $1.7 million sales target for the year. As of June 2021, the firm is still operational and generating $1 million in annual revenue.
There is no information available on the current valuation of Hydroviv after Shark Tank. However, the company has gone on to success following the show with an estimated net worth of at least $5 million.
Hydroviv makes it easy for homeowners to have clean drinking water by designing a set of filters that can be installed under homeowners’ sinks.
After an assessment and using data about the area you stay in, the brand creates the ideal water filter, which is shipped to you and can be easily installed.
How much are Hydroviv costs?
It will cost them $224.99 to connect one of these filters to their kitchen sink. Replacement filters cost $65 or $55 if they subscribe to their service.
How Long Do Hydroviv Water Filter Cartridges Last?
Under typical conditions, 6 months (don’t worry, this includes the occasional usage of filtered water for things like washing dishes, hands, and so on).
If they have a big family or live alone, please contact and they will advise them on replacement intervals.
Does Hydroviv reduce water pressure?
Hydroviv’s point-of-use filtration systems are intended to filter the water in their house that is used for drinking, washing dishes, cooking, and bathing.
If they have a whole-house filter that eliminates sulfur, it will relieve some of the strain on their point-of-use system and help it last longer.
Does Hydroviv remove good minerals?
There is no reason for Hydroviv’s home water filtration systems to remove minerals like calcium and magnesium.
Does Hydroviv remove chlorine?
Fortunately, chlorine may be easily removed from tap water to enhance its flavor.
What type of filter is Hydroviv?
Undersink filters are one of the most effective methods of water filtration because they remove impurities at the point of usage.
Most under-sink water filters, like Hydroviv’s, have a big enough surface area to allow for enough contact time with incoming water to allow for adequate filtering.
Does Hydroviv remove PFAS?
Hydroviv under sink filters outperformed major manufacturers including Brita, Pur, Whirlpool, Berkey, and ZeroWater in removing PFAS.
According to these findings, the systems efficiently filtered GenX and other PFAS under real-world situations for the whole 6-month filter lifespan.
What kind of filter is Hydroviv?
Undersink filters are one of the most effective methods of water filtration because they remove impurities at the point of usage.
How effective is Hydroviv?
It has 5.0 stars rating out of 5 in a couple of reviews and shows excellent company. Possibly the greatest filter on the market right now.
It was chlorine-free and did not reduce their water pressure as other filters did. It was simple to put together and properly matches their shower fixtures.
What is the price of Hydroviv?
At the moment, the Hydroviv brand provides Filters for under the sink ($179.99) Filters for showers ($84.99) Filters for Refrigerators.
Where is Hydroviv from?
Flint, Michigan.
What Maintenance is recommended?
When changing the cartridge, they recommend cleaning the housing with dish soap.
They also recommend cleaning out the aerator on their faucet on a regular basis to guarantee that no unwanted material gets into touch with their filtered water.
Hydroviv is in which season of Shark Tank?
Dr. Eric Roy (a Ph.D. scientist) of Hydroviv pitched his $224.99 product on Season 10 of The Shark Tank.
What are the strengths of Hydroviv?
Great tasting water, removes PFAS and lead, certified by NSF42, BPA free.
Is Hydroviv a scam?
No, it is not a scam. Hydroviv is an actual product available to the public.
Who owns and runs Hydroviv?
Hydroviv is owned by Dr. Eric Roy.
How Long Does It Take to Replace a Cartridge?
About 45 seconds.
How easy are Hydroviv filters to install?
It doesn’t get much easier than this. Screw-on/screw-off connectors are used for all connections. There will be no cutting, drilling, or anything of the type.
What else are Hydroviv Filters capable of removing?
This is where the customization process comes into play, but the list includes arsenic, lead, chromium 6, volatile organic compounds (VOCs), PCBs, MTBE, mercury, cysts, pesticides, pharmaceuticals, petroleum-based chemicals, chlorine, chloramine, disinfection byproducts, PFOA, PFOS, PFAS, and many others.
What is the net worth of Roy Eric?
Unknown.
