Safe Catch Shark Tank Net Worth 2023
During season 8, episode 7 of Shark Tank, Sean and Bryan presented their company Safe Catch and were seeking an investment of $600,000 in exchange for a 3% stake in the business.
This proposed valuation of $20 million caught the attention of the Sharks, who were intrigued by the potential of the company.
However, the current worth of Safe Catch is currently unknown and has not been disclosed publicly.
Despite this, the Sharks were impressed with the pitch and the innovative product that Sean and Bryan presented, which uses technology to test every fish for mercury levels before it is canned.
The Sharks recognized the potential of Safe Catch and engaged in negotiations with Sean and Bryan to try and secure a deal.
What is Safe Catch? Who are the Founders of Safe Catch?
Safe Catch is a company that specializes in producing canned wild tuna, including albacore tuna, salmon, and ahi tuna, with low levels of mercury.
They have developed a patented system that measures the mercury levels of every fish they catch, ensuring that they know precisely how much mercury is in each can.
These products come in a range of flavors and are available in cans or pouches, preserved in either oil or saltwater.
Safe Catch takes great pride in the extensive testing they conduct on each tuna fish to ensure that they have low levels of mercury before processing and packing.
The founders of Safe Catch, Bryan Boches and Sean Wittenberg, are childhood friends who started the company with the goal of providing safe and nutritious fish for their families.
Sean, who holds a degree from the University of California Davis and has management experience at Micro Analytical Systems, serves as the company’s president. Bryan, a graduate of the University of Pennsylvania’s Wharton School of Business, is the company’s CEO.
The idea for Safe Catch came about after Sean’s mother was diagnosed with mercury poisoning from eating tuna. Sean and his father initially tried to offer their testing services to fish processors but were met with rejection.
Bryan stepped in and suggested that they start their own brand, reasoning that if consumers were willing to pay extra for healthy organic fruits and vegetables, they should also be willing to pay for safe, low-mercury tuna.
Initially selling primarily online, Safe Catch products are now available at Wegman’s and other health-focused supermarkets.
The founders remain committed to their original goal of “bringing safe seafood to women and kids” and continue to prioritize the safety and nutritional value of their products.
Safe Catch Shark Tank Pitch
During season 8, episode 7 of Shark Tank, Sean and Bryan appeared seeking $600,000 for a 3% stake in their company, which suggested a valuation of $20 million.
They presented their story and provided samples, which caught the Sharks’ attention. Their company, Safe Catch, aims to create a safer and more nutritious way of consuming tuna.
While it costs $1.20 to produce, it sells for $2 and retails for $3 to $4. Although it’s more expensive than most grocery store brands, it’s not as pricey as other premium tuna.
Safe Catch had over 100 investors participate in their most recent round and has raised over $14 million. This money was invested in four Ph.D. physicists and three engineering/testing laboratories.
However, the investors became weary, and the company ran out of funds, preventing it from entering the retail market.
Brian then joined the company with Sean, and together they purchased it for less than a million dollars, restoring ownership.
Unfortunately, the $14 million was completely depleted, and Brian invested over $900,000, leaving the company approximately $900,000 in debt.
The Sharks were upset by this news. When Mark inquired about sales, Brian revealed that they had started in shops a year prior and had already expanded to 2,100 locations.
They made $1.25 million in their first year of business. However, they are now losing $75,000 every month, meaning they are losing money. They had lost $530,000 that year.
Kevin pointed out that their biggest issue was squandering $14 million in investor funds, and he was the first to bow out.
Robert was the second Shark to withdraw but suggested they bring their food product for a tech test. Barb was not interested, claiming that investing $14 million in a company that still loses $75,000 every month did not sound like a good deal.
Daymond questioned the value, and Mark also withdrew, citing the company’s $75,000 monthly financial burn. Lori said she would be a customer but would not invest in Safe Catch.
Although they did not get a deal on the show, the company received $5 million in venture capital from Echo Capital, Essential Investments, and a group of angel investors a year later.
Safe Catch went on to release new products, including sardines, a new line of seasoned tuna made with authentic spice mixes, Ahi canned tuna, and canned and pouched salmon.
In April 2018, pop star Nick Jonas shared a video with his 17 million Instagram followers, showing himself making his favorite post-workout snack – tuna salad, using Safe Catch.
The company also announced a collaboration with Kroger supermarket stores in June 2018, which put Safe Catch on their shelves across the country.
As of May 20, 2021, Safe Catch is still in operation and available in over 12,000 retailers across the country. It is the fastest-growing seafood brand in the country, with annual sales of $5 million.
Safe Catch Shark Tank Updates
Safe Catch is a sustainable, low-mercury canned tuna company that appeared on Shark Tank in Season 8 Episode 7. The founders, Bryan Boches and Sean Wittenberg asked for $600,000 for 3% of their company.
Safe Catch sources its tuna from sustainable fisheries and tests every fish for low mercury content.
The company’s fish is ten times stricter than the FDA mercury action limit, and there are no preservatives in their tuna except salt. Although the sharks ultimately decided not to invest, the company later found funding from angel investors.
As of October 2022, Safe Catch is still in business. Customers can purchase the Elite Wild Tuna, Wild Albacore Tuna, and Wild Pacific Pink Salmon varieties in stores or online through the Walmart website.
Safe Catch is Marine Stewardship Council certified, demonstrating the brand’s commitment to sustainability.
What is the Net Worth of Safe Catch?
Sean and Bryan appeared on Shark Tank season 8 episode 7 in search of $600,000 for a 3% stake in their company. This suggests a valuation of $20 million.
The current worth of the Company is unavailable.
Who are the Competitors of Safe Catch?
Safe Catch’s main competitors are Tradex Foods, Aleph Farms, Solar Foods, and Wild Planet Foods.
Safe Catch Shark Tank Net Worth 2023
| CATEGORY | INFORMATION |
| Founders | Bryan Boches and Sean Wittenberg |
| Company Description | Safe Catch produces canned wild tuna, salmon, and ahi tuna with low levels of mercury through their patented system that measures the mercury levels of every fish they catch. |
| Shark Tank Pitch | Safe Catch pitched for a $600,000 investment for a 3% stake in their company during Season 8, Episode 7 of Shark Tank. The company’s proposed valuation was $20 million. |
| Investment | Safe Catch raised over $14 million and over 100 investors participated in their most recent round. The company also received $5 million in venture capital a year later. |
| Sales | Safe Catch made $1.25 million in their first year of business and is now available in over 12,000 retailers across the country, with annual sales of $5 million. |
| Updates | Safe Catch has expanded its product line to include sardines, seasoned tuna made with authentic spice mixes, and canned and pouched salmon. The company has also collaborated with Kroger supermarket stores. |
Safe Catch FAQS
What Is Safe Catch Shark Tank?
Safe Catch is a brand of canned tuna that was pitched on Shark Tank by childhood friends Sean Wittenberg and Bryan Boches. The entrepreneurs wanted to provide healthy, safe seafood for their families and bring safe seafood to moms and kids.
Safe Catch sources its tuna from fishermen who fish in sustainable fisheries and tests every fish for low mercury content.
Their fish is ten times stricter than the FDA mercury action limit, making it a safer choice for pregnant people and children. Safe Catch’s canned tuna is non-GMO, additive-free, gluten-free, and certified kosher.
During their Shark Tank pitch, Wittenberg and Boches asked for $600,000 for 3% equity in their company.
However, they did not receive a deal from any of the Sharks. Despite this setback, Safe Catch has found continued success and is now available in over 1,500 Walmart stores nationwide, as well as in other grocery store chains.
The brand offers several varieties of canned tuna, including Elite Wild Tuna, Wild Albacore Tuna, and Wild Pacific Pink Salmon.
Safe Catch’s extensive mercury testing and sustainable fishing practices make it a popular choice for consumers who prioritize health and environmental sustainability.
How Does Safe Catch Shark Tank Work?
Safe Catch is a company that produces sustainable, low-mercury canned tuna. The founders, Sean Wittenberg and Bryan Boches, started Safe Catch to bring safe seafood to moms and kids.
Safe Catch sources its tuna from fishermen who fish in sustainable fisheries and test every fish for low mercury content. Safe Catch’s fish is ten times stricter than the FDA mercury action limit. Safe Catch’s tuna is free from preservatives except for salt in the “albacore with salt”.
Safe Catch’s Elite product only uses free school skipjack tuna that are caught by purse seine boats without the use of fish aggregating devices (FADs). Safe Catch supports the creation of marine protected areas to restore and protect marine ecosystems.
Safe Catch appeared on Shark Tank in season 8, episode 7, asking for $600,000 for 3% equity. The sharks ultimately decided not to invest, and the co-founders left without a deal.
However, the company later found funding from angel investors, as well as an endorsement from singer Nick Jonas, who shared a post-workout recipe using Safe Catch.
In 2017, Safe Catch partnered with Kroger to bring its products to the retailer’s shelves. Safe Catch can now be found in grocery stores nationwide.
What Happened To Safe Catch After Shark Tank?
Safe Catch appeared on Season 8 Episode 7 of Shark Tank back in November 2016. The founders, Bryan Boches and Sean Wittenberg sought to create a mercury screening tool that could be implemented industry-wide to create safe tuna for all.
Safe Catch received an offer from Robert Herjavec, but they turned it down. In 2017, Safe Catch received $5 million in seed funding from various angel investors, as well as Essential Investments and Echo Capital. Less than a year later, Safe Catch got a huge marketing boost courtesy of Nick Jonas.
Eventually, the company ran out of money and the investors got tired. So, Sean and Bryan decided to buy out the company for less than a million.
After buying the company, Bryan revealed that he put in nearly $1 million of his money for funding. Yet, even with his investment and efforts, Safe Catch was still in debt by around $900,000.
The sharks were not happy with what they had just learned, and the company was still burning $75,000 a month after already losing $14 million before going out.
Is Safe Catch Shark Tank Still In Business?
Yes, Safe Catch is still in business as of April 25, 2023. The company is the fastest-growing seafood brand in the United States and has over $5 million in annual revenue. Safe Catch is available in over 12,000 stores nationwide.
The company produces sustainable, low-mercury canned tuna and is Marine Stewardship Council certified, demonstrating its commitment to sustainability.
Safe Catch appeared on Shark Tank in season 8, episode 7, which aired on November 4, 2016. During the episode, the founders, Sean Wittenberg, and Bryan Boches, asked for $600,000 in exchange for a 3% stake in the business, which suggested a valuation of $20 million.
Although the Sharks were interested in the product, they ultimately decided not to invest. However, the company later found funding from angel investors and an endorsement from singer Nick Jonas.
In 2017, Safe Catch partnered with Kroger to bring its products to the retailer’s shelves. The company’s success has continued, and it is still in operation today.
Safe Catch’s commitment to sustainability and producing safe, nutritious seafood has helped it become a popular brand in the United States.
What Is The Current Valuation Of Safe Catch After Shark Tank?
Safe Catch appeared on Season 8, Episode 7 of Shark Tank in November 2016, seeking an investment of $600,000 in exchange for a 3% stake in the business, which suggested a valuation of $20 million.
The Sharks were intrigued by the potential of the company, but they ultimately did not agree with the valuation. The current worth of Safe Catch has not been disclosed publicly.
However, Safe Catch’s founders Bryan Boches and Sean Wittenberg have a net worth of $35 million as of 2022. Additionally, Safe Catch has an estimated annual revenue of over $5 million and retails in over 12,000 stores nationwide.
Despite the nearly $1 million in debt the company had at the time of the show, Safe Catch has been successful in bringing mercury-safe tuna to the market.
How much were they seeking in the Shark Tank?
The firm asked Mark Cuban for $600,000 for 3% of the company. This suggests a valuation of $20 million.
Did they get the deal from the Sharks?
No. all the Sharks declined to offer them an investment.
When was Safe Catch aired on Shark Tank?
Safe Catch aired on Shark Tank season 8 episode 7, which was first aired on November 4th, 2016.
What is the website address of the Company?
Their website is www.safecatch.com
Safe Catch tuna costs $1.20 to produce, sells for $2, and retails for $3 to $4.
What happened to the safe catch shark tank?
The company is still in operation as of May 20, 2021. They are available in over 12,000 retailers across the country.
The firm is the fastest-growing seafood brand in the country, with annual sales of $5 million.
Is Safe Catch legit?
Safe Catch Elite is even the American Pregnancy Association’s official tuna.
Finally, Safe Catch tuna is fished naturally and sustainably without the use of FADs or long lines.
They are an enthusiastic supporter of the Monterey Bay Aquarium’s Seafood Watch program.
Does Safe Catch tuna have mercury in it?
Safe Catch Elite Tuna is wild tuna that fulfills its strictest purity requirements.
Each and every fish is tested to a mercury content level of 0.1 parts per million, which is ten times higher than the FDA action limit.
Can they eat Safe Catch tuna every day?
Tuna is high in protein, good fats, and vitamins, however, it should not be taken on a daily basis.
Adults should consume 3–5 ounces (85–140 grams) of fish 2–3 times a week to receive enough omega-3 fatty acids and other beneficial elements, according to the FDA (10).
What are their tuna and salmon cans made out of?
Their cans are composed of tin-free stainless steel. The can liner is comprised of an organosol resin that does not contain BPA.
What are their sardine tins made out of?
Their tins for sardines are constructed of tin-coated steel (tinplate).
The can lining is constructed of organosol resin, which is free of BPA or has had BPA intentionally added to it.
What are their mackerel tins made out of?
Their wild mackerel is hand packaged into recyclable aluminum cans that are easy to open.
These cans and liners are not produced with BPA or have BPA intentionally added to them.
Why is Safe Catch Elite Tuna cheaper?
They want everyone to be able to consume their pure wild tuna.
Are their items Kosher certified?
The Orthodox Union oversees the production of all of its products.
The Union of Orthodox Jewish Congregation of America has recognized them as Kosher.
What is the product’s shelf life?
Their tuna and salmon can have a three-year best-by date from the date of packing, which is normally 2-3 months before they are sold at retail. Each can have the best-by date written on it.
What is the net worth of Bryan Boches?
Bryan Boches’s net worth is unavailable.
What is the net worth of Sean Wittenberg?
Sean Wittenberg’s net worth is unavailable.
Who is the CEO of Safe Catch?
Bryan Boches is the CEO of the Company.
