Zomm Shark Tank Update | What Happened to Zomm after the Shark Tank?
Table of Contents
What is Zomm?
The Zomm wireless leash is a key fob that notifies users when they walk away from their iPhone by twenty feet.
When the 20-foot barrier is reached, the device softly vibrates. If the user does not notice the vibrations, an alert will sound, steadily rising in volume until the user turns it off.
If you misplace your keys, Zomm can help you find them.
Henry Penix started Zomm in 2009, and the firm is based in Tulsa, Oklahoma, USA.
The Penix sold their preschool to fund the development of the Zomm multi-use fob key.
In the season 4 of Shark Tank, software entrepreneur Henry Penix pitched the Sharks his device Zomm.
Who is the founder of Zomm?
Henry Penix founded Zomm in 2009, and the firm is based in Tulsa, Oklahoma, United States.
The Penix sold their preschool to fund the manufacture of the Zomm multi-use fob key.
They also got a $5 million commitment from another investor, bringing the total investment to $9 million.
Zomm drew a lot of attention in the market right away.
It sold $750,000 in 2010 and won the CES Innovation Award.
With sales of $5,000,000 in 2011, the sales volume nearly climbed tenfold.
What Happened to Zomm at Shark Tank Pitch?
Zomm before to its presentation on Shark Tank, and had $5 million in sales in 2011 and $7.2 million in 2012.
Henry sells it in the United States, Canada, and Europe, the majority of Africa, Australia, and China.
Several accolades were awarded to the product, including a CES Innovation award in 2010.
Henry approached the Shark Tank and asked for $2 million in exchange for a 10% stake in the company.
The Sharks are interested in the product but are concerned about the numbers.
Henry put $4 million of his own money into the firm and raised another $5 million from venture investors.
They’ve spent more than a million dollars on research and development.
According to the Zomm company profile, the company had a lot of capital to run.
After the Shark Tanks analysed the company Lori,Mark,Barbar, Kevin and Daymond were all out from the deal with the Zomm company because the of stability of that firm.
What Happened to Zomm after the Shark Tank?
Penix approached the Sharks for $2 million in exchange for a 10% stake in the company.
When the Sharks learned the firm was $10 million in debt, they all pulled out and no deal was struck.
In the week after the episode’s airing, Zomm had over 250,000 hits to their website as a result of their appearance on the show.
Even with beefed-increased servers anticipating a deluge of additional visitors, the Zomm website was unable to keep up with the demand.
They are now growing and pushing a personal concierge service to assist customers in dialing 911 in the event of an emergency.
The Facebook page is no longer active in 2021, and there is no purchase procedure on the company’s website. Since there has been no website update, Zomm is no longer in business.
Zomm Competitors
Zomm has some competitors like Tagg Pet Tracker, Whistle GPS Tracker and Kevo Beast
Net worth of Zomm
Initially Henry makes an investment of $4 million to the company and after a while the company realized the profit of $1 million after generating a total $5 million. Since the company is out of the business and they have no net worth.
FAQs of Zomm
What is Zomm?
The Zomm wireless leash is a key fob that notifies users when they walk away from their iPhone by twenty feet.
When the 20-foot barrier is reached, the device softly vibrates. If the user does not notice the vibrations, an alert will sound, steadily rising in volume until the user turns it off.
Who is the founder of Zomm?
Henry Penix founder of Zomm in 2009 and the company is based in Tulsa, Oklahoma, United States.
What happened to Zomm on Shark Tank Pitch?
Henry was asking for $2 million for 10% equity shares from Shark Tankers investors.
Did the Zomm have the deal?
No deal was made.
What happened with the offer?
No one was impressed with the deal.
Is Zomm in business?
No it is not in operation anymore but website is still up and running, although it does not appear to have been updated since 2012.
Again, the firm website appears to be quite simple and underdeveloped, with social network connections that are either broken.
However a ccording to his LinkedIn page, co-founder Henry Penix is still with the company.
What is the net worth of Zomm?
Not available.
Is Zomm a scam?
No it is not a scam; the company is out of the business.
Where to buy Zomm?
It is not available for purchase online. It’s no longer in operation.
How to contact Zomm?
The Facebook page is no longer active in 2021, and there is no purchase procedure on the company’s website.
What is the Zomm official website?
It is not available.
What is a wireless leash?
The wireless leash also known as a key fob is a device that notifies users when they walk away from their iPhone.
It has a built-in sensor that triggers a vibration or sound signal when the key fob strays more than twenty feet from its paired device.
Who came up with the idea of Zomm?
The idea of Zomm was penned down by Henry Penix.
Where was the Headquarters of Zomm?
The headquarters of Zomm was in Tulsa, Oklahoma, United States.
What is the motivation behind Zomm?
The motivation behind Zomm is making people’s life easier with their wireless leash.
What does it do?
It has a built-in sensor that triggers a vibration or sound signal when the key fob strays more than twenty feet from its paired device.
How was the business model of Zomm?
The business model was to design the wireless leash for iPhone
How to use Zomm?
You need to pair your device with Zomm and then you can use it.
Who is the competitor of Zomm?
Zomm has some competitors like Tagg Pet Tracker, Whistle GPS Tracker and Kevo Beast.
Was Zomm good or bad?
It was a good idea from Henry but as per the investor they were not impressed with the deal.
Who are buying from Zomm?
The Zomm is mainly bought by the owner, to keep track of their pet and sometimes friends.
Is Zomm wireless dog fence?
Yes, it is a wireless fence for your dogs.
How long does the battery last?
The battery lasts for about two years and they can use it to track their pets even after two years because we change batteries every year and we don’t have to replace the device every time and this helps them to save money and time.
What is the price of Zomm?
The price of Zomm varies according to the version and the seller and also depends on where the customer live and what type of payment method want to use.
Who is the marketer of Zomm?
The marketer of Zomm was Henry Penix.
What are the advantages of using Zomm?
The advantages of using Zomm are, it can be used for more than five years and they don’t need to replace the batteries every time and this helps them to save money and time.
What is Zomm made of?
Zomm is made of good quality material so it is not easily broken.
Is Zomm waterproof?
No it is not waterproof because it can be exposed to high temperature and humidity which can cause damage to the product.
Who is Henry Penix?
The founder of Zomm is Henry Penix of Tulsa, Oklahoma. He pitched his tech business on Shark Tank in October 2012 and informed the Sharks that he was the CEO of Zomm, a technology company.
Zomm appears to have been developed solely by Henry Penix; nevertheless, Laurie (his wife) had an important role in its growth.
What was Henry’s background?
Before he went on Shark Tank to represent his company Zomm and his multipurpose technology product, Henry Penix was a family man from Oklahoma.
What exactly is the Zomm Wireless Leash?
The Zomm wireless leash is a key fob that alerts users when they walk away from their iPhone by twenty feet.
How does Zomm work?
Zomm is essentially a key fob that connects to your phone through Bluetooth and generates an alert when it comes within 20 feet of it.
What is the device’s purpose?
According to Henry, the device also serves as a key finder.
The Zomm wireless iPhone leash attaches to your keychain and sounds an alert if you forget it and walk away.
How can I deactivate the Zomm alarm?
By touching a button on the gadget, you may turn off the alarm.
How much does Wireless Leash cost?
The regular ZOMM Wireless Leash (available in black, white, and pink) costs $49.95, while the ZOMM Wireless Leash Plus costs $79.95.
Where can I buy Zomm?
Zomm was available on Amazon.
What are happened to Zomm after shark tank?
After appearing on Shark Tank, Zomm’s site traffic and revenues skyrocketed.
The product is listed as “currently unavailable” on Amazon.
According to Penix’s LinkedIn profile, the firm is still operating, but Penix has now become CEO of Sooak.
While Zomm isn’t entirely closed, it does appear not to be operational.
