Looking to add a touch of green to your living space? The Urbio Wall Garden might just be the solution you’ve been searching for. This innovative vertical garden system, founded by Beau Oyler and Jared Aller in 2011, caught the attention of the Sharks on Season 4 of Shark Tank in February 2013. Let’s dive into the fascinating journey of Urbio and explore its net worth before and after its appearance on the popular show.
Key Takeaways:
- The Urbio Wall Garden is a vertical garden system founded by Beau Oyler and Jared Aller.
- Urbio appeared on Season 4 of Shark Tank and secured a deal with Lori Greiner.
- After the deal, Urbio’s net worth increased from $2.5 million to $2.6 million.
- In 2016, Urbio was acquired by Honey-Can-Do, and its current net worth is not publicly known.
- The success of Urbio showcases the potential for sustainable and eco-friendly gardening solutions.
The Journey of Urbio Wall Garden on Shark Tank
Urbio, the innovative vertical garden system, made its debut on Season 4 of Shark Tank, capturing the attention of the Sharks and viewers alike. Co-founders Beau Oyler and Jared Aller presented their vision to the panel of investors, seeking a $300,000 investment for a 12% stake in the company. Little did they know, they were about to embark on an exciting journey filled with growth, opportunities, and success.
In the episode, Lori Greiner, the Queen of QVC, made an enticing offer to the founders – $400,000 for a 15% stake in Urbio, valuing the company at an impressive $2.6 million. Recognizing the potential of Urbio’s unique product, Greiner’s offer was accepted, setting the stage for a fruitful partnership that would propel the company forward.
With Lori Greiner’s guidance and expertise, Urbio thrived in the years following its appearance on Shark Tank. The innovative wall garden system gained popularity among consumers, allowing urban dwellers to bring the beauty of nature into their living spaces. The success of Urbio caught the attention of Honey-Can-Do International, who later acquired the company in 2016, further solidifying its position in the market.
Shark Tank Appearance | Investor | Deal Offered | Equity Stake | Valuation |
---|---|---|---|---|
Season 4, Episode 13 | Lori Greiner | $400,000 | 15% | $2.6 million |
Key Accomplishments and Success of Urbio Wall Garden
Urbio Wall Garden, a renowned brand in the world of indoor gardening, has achieved remarkable success and garnered several key accomplishments since its appearance on Shark Tank. The innovative vertical garden system offered by Urbio has captured the attention of gardening enthusiasts and design enthusiasts alike, revolutionizing the way we bring greenery into our homes and small spaces.
Expanding Global Presence
After securing a deal with Lori Greiner on Shark Tank, Urbio’s popularity skyrocketed, leading to its products being sold in over 50 countries. Within just five months, the company generated an impressive $125,000 in sales, a testament to the widespread appeal of their unique vertical garden system.
Product Innovation and Expansion
Urbio didn’t stop at its initial success. The company continued to innovate and expand its product offerings, introducing new and improved versions of its vertical garden system. With a focus on sustainability and functionality, Urbio’s wall gardens became a go-to choice for those looking to embrace indoor gardening while maximizing space.
Acquisition and Rebranding
In 2016, Urbio’s parent company, Sabi Inc., was acquired by Sabi Space, and later Honey-Can-Do International acquired Sabi Space. As a result, Urbio’s products are now sold under the brand name Perch. This strategic move has further propelled Urbio’s growth and opened up new opportunities in the market.
Key Accomplishments | Details |
---|---|
Global Sales | Sold in over 50 countries, generating $125,000 in sales within five months. |
Product Innovation | Continued to expand and improve the vertical garden system, focusing on sustainability and functionality. |
Acquisition and Rebranding | Acquired by Sabi Space, later acquired by Honey-Can-Do International. Products now sold under the brand name Perch. |
Conclusion and Future of Urbio Wall Garden
Urbio’s journey on Shark Tank and its subsequent success exemplify the potential for innovative and sustainable gardening solutions. The founders, Beau Oyler and Jared Aller, have demonstrated that with the right idea and execution, any product can thrive. Through their partnership with Lori Greiner and the acquisition by Honey-Can-Do, Urbio has expanded its reach and solidified its position in the market.
Although the current net worth of Urbio is not publicly known, the company’s accomplishments and its commitment to sustainable living and eco-friendly gardening make it a promising player in the industry. The Urbio Wall Garden system offers a practical and space-efficient solution for urban dwellers who want to bring nature into their homes. With its sleek design and modular components, it allows for customizable and versatile arrangements.
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As the world becomes more conscious of the importance of sustainable living, Urbio’s wall garden system is poised to meet the growing demand. By enabling individuals to grow their own herbs, vegetables, and plants in limited spaces, Urbio supports the concept of self-sufficiency and reduces food waste. With its focus on eco-friendly gardening practices and the utilization of recycled materials, Urbio aligns with the values of environmentally conscious consumers.
Looking ahead, Urbio’s future is bright. As urban gardening and eco-friendly lifestyles continue to gain popularity, Urbio remains at the forefront of the movement. Its commitment to innovation and sustainability positions the company for continued growth and success. By providing accessible and attractive solutions for indoor gardening, Urbio Wall Garden system empowers individuals to create their own green oasis, fostering a deeper connection with nature and promoting a healthier and more sustainable way of life.
FAQ
When was Urbio founded?
Urbio was founded in 2011.
What is the connection between Urbio and Shark Tank?
Urbio appeared on Season 4 of Shark Tank in February 2013, where they made a deal with Lori Greiner for $300,000 in exchange for 15% equity.
What was Urbio’s worth before and after the deal with Lori Greiner?
Urbio was initially valued at $2.5 million, but after the deal with Lori Greiner, its worth increased to $2.6 million.
Who acquired Urbio in 2016?
In 2016, Urbio was acquired by Honey-Can-Do.
What are the key accomplishments of Urbio?
Urbio’s products gained popularity and were sold in 50 countries, generating $125,000 in sales within five months. The company also expanded its product offerings.
What is Urbio’s net worth currently?
The current net worth of Urbio is not publicly known.
Can you tell me more about Urbio’s journey on Shark Tank?
Urbio appeared on Season 4, Episode 13 of Shark Tank. The founders, Beau Oyler and Jared Aller, pitched their vertical garden system to the Sharks and accepted Lori Greiner’s offer of $400,000 for a 15% stake in the company.
What happened to Urbio after the acquisition by Honey-Can-Do?
Urbio’s parent company, Sabi Inc., was acquired by Sabi Space, and later Honey-Can-Do International acquired Sabi Space. The products are now sold under the brand name Perch.
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Why is Urbio’s wall garden system considered innovative and sustainable?
Urbio’s wall garden system allows for indoor gardening and is a sustainable solution for bringing greenery into small spaces.
What does the future hold for Urbio Wall Garden?
The future of Urbio Wall Garden looks promising as urban gardening and eco-friendly living continue to gain popularity. It remains a viable option for those looking to bring greenery into small spaces.