Tabby Dates App Shark Tank Net Worth
Tabby is a dating app for people who love cats that appeared on Shark Tank in season 13 episode 4. The company was seeking $300,000 for a 20% stake in their business.
As of November 2021, Tabby’s net worth was approximately $1 million. After signing a deal with the sharks, the company’s revenue was only $43,000 and the platform crashed.
What is Tabby Dates App and Who is the Founder of Tabby Dates App?
Tabby Dates App is a dating app specifically designed for cat lovers. Users can create dating profiles where they can discuss everything cat-related and submit photos and interesting facts about their feline companions.
Tabby helps cat owners plan cat-focused dates in their area and is available to download on Android and iOS devices. The app is free to join, but users can upgrade to a premium membership for a monthly fee of $19.99, a three-month fee of $29.99, or a six-month fee of $49.99.
Premium members receive benefits such as unlimited texting, appearing at the top of searches, and exclusive access to cat-related deals and products.
Tabby’s founder is Leigh Isaacson (now D’Angelo), who previously co-founded Dig, a dating app for dog lovers. D’Angelo has a degree in Broadcast Digital Journalism from Syracuse University and currently works as a Sr. Communications Analyst for SAIC in addition to her responsibilities at Tabby and Dig.
The app was launched on August 8, 2020, which is International Cat Day. Tabby is a fork of Dig, and the creators enlisted the help of cat lovers Sterling “TrapKing” Davis and Nathan Kehn to provide “cat cred.”
Tabby Dates App the Shark Tank Pitch
During season 13, episode 4 of Shark Tank, Sterling, Leigh, and Nathan sought a $300,000 investment for a 20% stake in their company, equating to a $1.5 million valuation.
Leigh discussed the challenges that men with cats on their dating profiles face and walked the Sharks through the app, highlighting the profiles, cat section, and social space.
Leigh also mentioned that Tabby is a spin-off of Dig, which is currently in talks with a dog food manufacturer for a potential acquisition.
Nathan and Sterling shared their backgrounds, with Sterling noting that he is one of the few Black individuals involved in cat rescue. Leigh revealed that there are approximately 17 million single cat owners in the United States.
The team was awarded a $50,000 grant from the Million Dollar Dating Project to launch the app, which they did on the project’s platform. However, due to several issues, including its incompatibility with mobile devices, the platform terminated the contract, and they had to rebuild the app from scratch.
Despite having 31,000 users and generating over $43,000 in revenue, the team recognized that their market was much broader than what they had reached thus far.
Mark passed on the opportunity, citing the challenges of scaling an app. Robert appreciated their effort to bring people together but wasn’t interested in investing. Nirav also declined, citing the difficulty of obtaining distribution and breaking through the noise.
Kevin highlighted his substantial BasePaws database of cat owners and offered $300,000 for a 30% stake, to which Leigh countered with 25%. After some negotiation, they settled on 28%, with Kevin exclaiming, “I’m the king of the litter!”
While it is unclear whether the deal was finalized immediately after the pitch, both Kevin and the Tabby team heavily promoted their partnership in the press.
Tabby Dates App Net Worth
Sterling, Leigh, and Nathan appeared on Shark Tank season 13 episode 4 in search of $300,000 for a 20% stake in their company. This translates to a $1.5 million valuation.
On accepting an offer from Kevin of $300,000 for 30%, they valued the company at $1 million.
Tabby Dates App Competitors?
Pupster is also a dog lover dating app like Tabby Dates App, which offers a similar experience.
Tabby Dates App FAQS
What is Tabby Dates App?
Tabby is a dating app created particularly to connect with cat lovers. Users of the app may establish dating profiles where they can discuss all things cat-related.
Tabby assists cat owners and would-be cat owners in planning cat-focused dates in their region. The software may be downloaded on both Android and iOS smartphones.
Tabby is free to join, and you may upgrade to a premium membership if they choose.
Who is the founder of Tabby Dates App?
Leigh Isaacson (now D’Angelo) developed Tabby. Prior to Tabby, D’Angelo co-founded Dig, a dating service for dog lovers.
How much was she seeking in the Shark Tank?
Leigh and her partners was asking $300,000 for a 20% stake in Tabby. This translates to a $1.5 million valuation.
Did they get a deal?
Kevin offered $300,000 for a 30% stake in the company. This translates to a $1 million valuation.
Is the tabby app free?
Tabby is set free from the start! They are invited to register and use the app for free to meet other cat lovers.
After they’ve downloaded the app, they may upgrade to a VIP memPURRship to gain access to premium features.
How does tabby make money?
The firm generates revenue by charging merchants a commission on all purchases generated by its platform.
It claims that integrating its payment solution may help retailers raise conversion rates by more than 20% and transaction quantities by 30 to 85 percent.
What is the required minimum age?
Tabby’s minimum age requirement is 18 years old.
How much does costs?
The monthly membership fee is $19.99, the three-month fee is $29.99, and the six-month fee is $49.99.
What does the app claim it does?
Tabby claims that it connects cat lovers to share their passion for felines. The app may assist cat owners in planning cat-centred dates in their region.
It may also help singles and couples find a companion, friend, or partner while they enjoy a variety of activities and interests such as movie watching, playing games, dining out, and visiting art galleries.
What episode was Tabby Dates App featured?
Tabby was featured on Shark Tank season 13 episode 4.
How can they download the App?
The app is available for download on iOS in the App Store and on Google Play for Android.
When was Tabby Dates App aired?
Tabby Dates App was aired on November 29th, 2021.
Is there another app like Tabby Dates App?
Pupster is another dog lover dating app.
When was Tabby Dates App founded?
They will be unveiled on August 8, 2020, which is International Cat Day.