Woosh Shark Tank’s Net Worth-What Happened After Shark Tank?
Woosh is a smart air filter that monitors air quality and filters the air in the entire home. The company was founded in 2020 by Winston Mok after the 2018 California forest fire that deemed the air in the northern California area polluted.
Mok began working on an air filter that would resolve this problem and began working on the prototype using air filters and fans in his garage.
Eventually, the first prototype was created from a 3-D printer. Woosh has been featured in prestigious publications like Bloomberg, San Francisco Business Times, Yahoo!, Businesswire, and others.
Woosh appeared on Shark Tank in Season 14, Episode 4. The company did not receive many offers in Shark Tank as their product was on per revenue. Kevin O’Leary put the royalty to Winston and Winston accepted this deal of Kevin.
Kevin offered $500,000 for 12.5% plus a 50 cent per filter royalty in perpetuity. Winston accepted the deal with a 50 cent per unit royalty. As of 2022, the company had a net worth of $5 million.
Woosh has raised a $1.3 million investment from four investors in a pre-seed round on April 14, 2022. The company participated in TechCrunch Disrupt 2022 event in October 2022. In February 2023, Woosh posted a product development update for backers only on Kickstarter.com.
The update stated that Woosh is working on an air quality monitor and smart air filter that work together to automatically protect the entire home’s air.
What Is Woosh Shark Tank And Who Founded Woosh Shark Tank?
Woosh is a company that manufactures and sells smart air filtration systems for homes.
The founder of Woosh is Winston Mok, who started the company in 2020 after the forest fires in California.
The lack of air filters and the need for clean air drove his desire to create Woosh products from air filters and fans in his California garage.
In March 2023, Woosh appeared on Season 14, Episode 4 of Shark Tank with its innovative product – smart air filters that turn HVAC systems into air purifiers. Winston was seeking $500k from the Shark Tank panel for 10% equity in his company, valuing the business at $5 million.
Before all of the sharks dropped out, Winston saved himself by telling them that he had a partnership set up with Emerson that wanted to partner Woosh’s product with another product similar to a smart thermostat.
The entire package costs about $99 and a replacement filter would cost $20.
After appearing on Shark Tank, many people were ready to buy Woosh Air Filter. Thousands of visitors visited the Woosh website on October 13, 2022. As of March 2023, Woosh is still in business and continues to provide innovative solutions for improving indoor air quality.
Table: Woosh Shark Tank Summary
|Smart air filter
|Investment from Shark Tank
|$500,000 for 12.5% plus $0.50 per filter
|Shark Tank Valuation
|$1.3 million pre-seed round (April 2022)
|TechCrunch Disrupt 2022
|Latest Product Development
|Air quality monitor and smart air filter
|Whoosh (Russian electric scooter firm)
How Does Woosh Works?
Woosh is an air quality monitor and smart air filter that works together to automatically protect the air quality of an entire home. Woosh actively monitors air quality and when paired with a Nest or Ecobee Smart Thermostat, it automatically circulates filtered air when air quality is poor.
Woosh was founded by Winston Mok in 2018 after the forest fires in California. The lack of air filters and the need for clean air drove the desire for a better solution. The first Woosh products were made from air filters and fans in a California garage.
In April 2022, Woosh launched a Kickstarter campaign to fund its latest product, the Woosh Air Purifier.
MyWhoosh is a virtual cycling app that allows users to achieve their personal goals while exploring the world’s most exciting destinations. The app has a ride that is sure to inspire, with unique routes, training programs, and special racing events.
Users can get the MyWhoosh app on their iOS, Android, or PC device and pair their smart trainer or smart bike to start racing.
Wush is a rechargeable, water-powered ear cleaner that includes one ear irrigator, one water basin, six tips, and a USB charging cord. It features a massaging triple jet stream with three pressure settings, from a gentle clean to wax removal.
Wush is water-resistant and safe to use in the shower, and its flexible, compact nozzle connects to a soft irrigation tip that fits comfortably in the ear.
Wush claims to be a new safe and effective way to remove earwax, with the press of a button generating a massaging triple jet stream of water that gently removes wax build-up and flushes it away.
What Is The Current Valuation Of Woosh?
The current valuation of Woosh is $5 million. This valuation was reached after the company appeared on Shark Tank in October 2022 and received a $500k investment from Kevin O’Leary for 10% equity, plus a $0.50 royalty.
Prior to appearing on Shark Tank, the company had a net worth of $200,000 based on its sales. However, since appearing on the show, Woosh has experienced tremendous growth and success, securing additional funding and partnerships.
It is important to note that there is another company called Whoosh, a Russian electric scooter firm, that is eyeing a possible $400 million valuation in its upcoming initial public offering (IPO) . This company is not related to Woosh, the air filtration product manufacturer.
In summary, the current valuation of Woosh, the air filtration product manufacturer, is $5 million as of 2023.
What Happened To Woosh At Shark Tank?
Winston Mok appeared on Season 14, Episode 4 of Shark Tank with his innovative product Woosh, smart air filters that turn your HVAC system into an air purifier.
He was seeking $500k from the Shark Tank panel for 10% equity in his company. Kevin O’Leary agreed to invest $500,000 for 10% equity for Woosh, plus a royalty of $0.50 for every unit sold in perpetuity.
What Happened To Woosh After Shark Tank?
Woosh is still in business as of March 2023. The company was founded by Winston Mok in 2020 and appeared on Shark Tank in October 2022. On the show, Kevin O’Leary agreed to a deal of $500,000 for 10% equity plus a royalty of $0.50 for every unit sold in perpetuity.
After the show, Woosh gained a lot of attention and thousands of visitors visited the website on October 13, 2022. As of March 2023, Woosh has delivered a few filters and is still offering them on a pre-order basis.
Woosh Shark Tank’s Net Worth
Woosh Air had an estimated net worth of $5 million as of 2022. It is a company that developed one of the first smart air filters for homes and was featured on Shark Tank in October 2022.
During the show, Mok asked for $500,000 for 10% equity in his company and managed to secure a deal with Kevin O’Leary who invested $500,000 for 10% equity and a $0.50 cent royalty.
Mok also revealed that he had a partnership set up with Emerson that wanted to partner Woosh’s product with another product similar to a smart thermostat. The entire package costs about $99 and a replacement filter would cost $20.
Is Woosh Still In Business?
Yes, Woosh Air is still in business as of November 2022. The company has been able to raise investments and participated in the TechCrunch Disrupt 2022 event.
Woosh Air offers a smart air filter that measures filter life and sends replacement filters automatically. The filter frame has sensors that connect to WiFi and is smart enough to know when it’s full.
Woosh uses high-quality materials that filter pollen, pet dander, mold spores, smoke, bacteria & viral carriers. When paired with a smart thermostat, it automatically circulates filtered air when air quality is poor.