Adventure Hunt Shark Tank Update | Adventure Hunt Net Worth

Adventure Hunt is a unique and thrilling experience introduced to a wider audience in Season 10 of The Shark Tank show. Founded by brothers Sean and Jared Bingham, Adventure Hunt hosts real-life treasure hunts across various cities in the United States.

With a focus on promoting outdoor activities, team building, and fostering a spirit of adventure, Adventure Hunt provides an adrenaline-packed, exhilarating experience for teams of 2 to 4 people.

The basic premise of the Adventure Hunt involves teams competing against each other in a range of activities. The challenges are wide-ranging and tailored to offer a diverse experience, from rafting while performing yoga in strong currents to more light-hearted and fun activities like breaking an egg on one’s forehead.

Participants are required to complete these activities and upload videos of their accomplishments on Instagram, unlocking a treasure map for the next stage of the adventure.

Adventure Hunt stands out for its interactive nature and emphasis on incorporating technology into the experience. Participants receive tasks and clues via a mobile app, which adds convenience and accessibility to the treasure hunt.

The difficulty of the tasks gradually increases, keeping participants engaged and challenged throughout the adventure. The ultimate goal of Adventure Hunt is to follow the clues and locate a treasure chest buried somewhere within the city.

The rewards from these treasure chests are quite appealing, with previous prizes including trips to the Red Frog Resort in Panama, and premium GoPro cameras, among other things. This anticipation of rewards at the end of the hunt adds an extra layer of excitement to the experience.

Adventure Hunt is an excellent tool for improving teamwork and being a fun, adventurous activity. It has been utilized by corporate groups, youth groups, and for birthday parties and scavenger hunts, fostering collaboration, communication, and problem-solving skills among participants.

Despite Adventure Hunt’s challenging nature, which may not be suitable for all audiences, especially younger ones, it is a fun, innovative, and engaging way to promote outdoor activities and adventures.

The thrill of the hunt, the challenge of the tasks, and the camaraderie fostered among participants make it a unique and enjoyable experience. It is an attractive choice for those seeking an adventure-packed journey and those who enjoy problem-solving in a dynamic and exciting environment.

Company NameAdventure Hunt
EntrepreneurJared Bingham and Sean Bingham
ProductGames and entertainment services for treasure hunts across the country
Investment Asking For$150,000 for 10% equity in Adventure Hunt
Final Deal$150,000 for 20% equity in Adventure Hunt
SharkRobert Herjavec
Adventure Hunt Episode Season 10, Episode 10
Adventure Hunt Business StatusIn Business
Adventure Hunt WebsiteVisit Website
Adventure Hunt Net Worth$3 Million (As of 2023)

What Is Adventure Hunt?

Adventure Hunt is an intriguing and innovative concept that amalgamates exploration and excitement into one immersive experience. It is a real-life treasure-hunting competition where participants engage in various exciting activities, undertake unique challenges, and unravel cryptic clues to uncover hidden treasures.

The event typically lasts for several hours and culminates in the revelation of the concealed bounty. Adventure Hunt integrates outdoor exploration, physical exercise, problem-solving, and team-building exercises that foster interpersonal relationships and teamwork.

Adventure Hunt is open to all, regardless of age or experience level, promising an entertaining and educational experience for every participant.

The element of surprise enhance the thrill and satisfaction of Adventure Hunt; the location, the theme, and the ultimate prize remain undisclosed until the day of the event.

With Adventure Hunt, participants experience the thrill of the chase and gain invaluable life skills and memorable experiences.

Adventure Hunt Shark Tank Update

Who Is The Founder Of Adventure Hunt?

Adventure Hunt was co-founded by brothers Sean and Jared Bingham. Before establishing Adventure Hunt, Sean Bingham was an accomplished entrepreneur and the founder of KZ Apparel, an outdoor-centric clothing company.

The idea to create Adventure Hunt came to him in 2015 as he sought to launch a new venture that could serve as a marketing scheme for his apparel brand.

With a clear vision for a fun, outdoorsy business in mind, Sean and his brother Jared started brainstorming, and the concept of Adventure Hunt, a real-life, hands-on scavenger hunt expedition, was born.

Their mission was to “boost company culture one hunt at a time,” they designed many hunting adventures that teams could complete worldwide. To create a memorable and engaging team-building experience, they turned scavenger hunting into an exciting quest for a hidden treasure.

As they set out to create Adventure Hunt, Sean and Jared divided their roles according to their strengths. While Sean brought his entrepreneurial experience and strategic vision to the venture, Jared leveraged his social media savvy to handle marketing and manage the company’s online presence.

The result was a fresh, innovative take on scavenger hunts that offered an adventurous and thrilling team activity. Before appearing on Shark Tank in January 2019, Adventure Hunt had made quite a name.

The brothers had successfully launched numerous hunts across New Zealand, Australia, the United States, Canada, and England.

The concept was simple yet engaging: two teams would compete in a scavenger hunt with various tasks, earning points and clues to get closer to the buried treasure, which included products, merchandise, and gear from popular brands. 

The company also had a user-friendly app, offering an additional feature of geocaching experiences and the option to create customized hunts.

By 2019, Adventure Hunt had already become popular for hosting parties, birthdays, and get-togethers, with more than 150 hunts arranged. Despite their success, the Bingham brothers knew they needed more investors and sponsors to expand their company further, which led them to the Shark Tank.

Their appearance on the show proved successful, eventually leading to a partnership with Shark Robert Herjavec, which boosted their marketing efforts and helped expand their business further.

How Was The Shark Tank Pitch Of Adventure Hunt?

The Shark Tank pitch of Adventure Hunt, delivered by co-founders and brothers Jared and Sean Bingham, was an exciting and engaging presentation that showcased their company’s potential. Seeking an investment of $150,000 in exchange for 10% equity in their company, the brothers made a memorable impression on the sharks.

The brothers started their pitch with an intense and thrilling demonstration of the Adventure Hunt app, engaging the sharks in a mini version of the hunt to give them a taste of what their business offers.

Following the demonstration, the Binghams outlined the financials of their business, revealing that Adventure Hunt had been formed 18 months prior and had generated $769,000 in sales over that period. They claimed that most of those sales had been made within the current year.

The pricing structure of Adventure Hunt was also shared, with tiered registration prices for their scavenger hunt events ranging from $30 to $100. Regardless of the selected tier, all registrants receive a complimentary welcome bundle, adding value to every tier.

The sharks had mixed reactions to the Adventure Hunt concept. Guest shark Bethenny Frankel was the first to show interest, offering $150,000 for 25% equity in the company. 

Robert Herjavec quickly matched this offer. However, Mark Cuban dropped out, citing a conflict of interest, while Daymond John and Lori Greiner also withdrew, expressing no interest in the company’s concept.

In response to the offers, Jared and Sean countered with a proposed equity stake of 20% for the $150,000 investment. After considering their options, they chose Robert as their partner, appreciating his keen interest in their company and the potential value he could bring to their venture.

The deal with Robert Herjavec was finalized, resulting in a significant boost for Adventure Hunt. With Robert’s guidance, the company expanded in the direction he envisioned, securing clients for special events and continuing to grow.

As of the last update, Adventure Hunt remains popular and maintains a strong presence on social media and its official website. The company has carved out a unique space in corporate events, scavenger hunts, and team-building exercises. Therefore, the successful Shark Tank pitch proved to be a crucial stepping stone in the company’s journey.

What Happened To Adventure Hunt After Shark Tank?

After appearing on Shark Tank, Adventure Hunt’s business took a turn for the better. The company experienced a significant boost following the successful pitch to the sharks, especially due to their partnership with Robert Herjavec, who invested $150,000 for a 20% stake.

As agreed, the brothers worked with Robert Herjavec to expand Adventure Hunt, furthering the company’s mission to boost company culture through team-building scavenger hunts. 

With Robert’s influence and support, they forged connections with several companies to host special events. Adventure Hunt expanded its offerings to include corporate events, team-building exercises, and scavenger hunts, highlighting its versatility as a business.

Despite the challenges posed by the COVID-19 pandemic in 2020, Adventure Hunt demonstrated resilience and adaptability. The company transitioned to virtual hunts without losing sales, proving its concept was fun and adaptable to changing circumstances. This transition ensured customers could continue enjoying the thrill of the hunt while adhering to safety protocols and social distancing measures.

Once restrictions eased, the brothers resumed their normal, in-person Adventure Hunts in late 2020. As of 2023, they continue to run Adventure Hunt successfully, maintaining a strong presence on social media and increasing customer engagement.

The business also received various products, merchandise, and gear from popular brands such as Go Pro, Go Scope, KZ apparel, and more for inclusion in their buried treasure chests. These hunts’ winning teams enjoy rewards like free trips, GoPros, and other exciting treasures.

Adventure Hunt remains a favorite choice for people planning parties, birthdays, get-togethers, and corporate events across New Zealand, Australia, the United States, Canada, and England.

The company’s continued growth and popularity testify to the effectiveness of its innovative business model and the enduring appeal of its outdoor, team-based adventures. 

Adventure Hunt has flourished after its Shark Tank appearance, successfully leveraging the investment and mentorship from Robert Herjavec to expand its business and weather the challenges of a global pandemic.

Adventure Hunt continues to provide a unique and exciting product to its customers, enhancing company cultures and creating memorable experiences for participants.

Adventure Hunt Shark Tank Update

After Adventure Hunt appeared on Shark Tank, the company experienced notable growth and expanded its business. The entrepreneurial brothers, Jared and Sean Bingham, showcased their Adventure Hunt app on Season 9 of Shark Tank and sought a $150,000 investment for a percentage of equity.

They received offers from Bethenny Frankel and Robert Herjavec and ultimately accepted Robert’s offer of $150,000 for a 20 percent stake.

Following the Shark Tank appearance, Adventure Hunt reported significant growth and attributed it to Robert Herjavec’s assistance in organizing successful team-building and marketing events for various companies. 

They partnered with notable organizations such as Ancestry, Washington Trust Bank, Marmot, and the U.S. Air Force Academy.

Adventure Hunt Shark Tank Update

Adventure Hunt’s expansion continued as they appeared on Shark Tank Season 10. During this season, they once again showcased their Adventure Hunt app and shared their financials, revealing $769,000 in sales within 18 months.

Bethenny Frankel offered $150,000 for 25% equity, and Robert Herjavec made the same offer. Jared and Sean chose Robert as their partner, and Adventure Hunt expanded as envisioned.

They started offering corporate events, scavenger hunts, and team-building exercises. The company also maintained a strong presence on social media and its official website.

Adventure Hunt expanded its reach and global presence by offering hunts in New Zealand, Australia, the United States, Canada, and England. Their app allows users to find geocaching experiences and create custom hunts.

Despite the challenges posed by the pandemic, Adventure Hunt successfully transitioned to virtual hunts and resumed in-person events. The company continued to be led by Sean and Jared Bingham, who has effectively run the business and maintained an active social media presence.

Adventure Hunt has proven resilient and adaptable, catering to various clients, including Fortune 500 companies and the U.S. military. Their treasure hunts allow participants to compete in teams, find hidden treasure boxes, win adventure gear, and travel to destinations like Panama. Although Adventure Hunt faced challenges due to the pandemic, their value grew to nearly $10 million in 2021.

Adventure Hunt experienced significant growth and expanded its business after appearing on Shark Tank. The company benefited from the partnership with Robert Herjavec, organized successful events for various companies, expanded its offerings, and continued operating despite the pandemic.

Is Adventure Hunt Still In Business?

According to our research, Adventure Hunt is still in business. Adventure Hunt, founded by Sean and Jared Bingham, is an outdoor scavenger hunt company that promotes team-building through thrilling adventures and buried treasure discoveries.

Participants compete in teams of 2 to 4 people, completing challenging activities and earning points and clues through an app. Adventure Hunt has organized hunts in various locations, offering escalating tasks, app tutorials, and recaps of past adventures.

The company generated sales of $769,000 within the first 18 months and has attracted over 300 participants per hunt.

After appearing on Shark Tank, Adventure Hunt experienced growth and received offers from Bethenny Frankel and Robert Herjavec. Ultimately, they accepted Robert Herjavec’s revised offer of $150,000 for a 20% ownership stake.

Robert’s support helped Adventure Hunt expand through successful marketing events, and the company effectively adapted to virtual hunts during the pandemic. The Bingham brothers, Sean and Jared, continue to lead Adventure Hunt and maintain a strong social media presence.

Adventure Hunt has organized various corporate events, parties, and team-building activities. They collaborate with different companies for these special events.

Adventure Hunt’s revenue has grown; as of 2023, its annual revenue exceeded $1 million, with an estimated net worth of $1 million. Adventure Hunt remains active on social media platforms and their official website.

Adventure Hunt is still in business, organizing outdoor scavenger hunts, promoting team-building, and offering thrilling adventures for participants. They have continued to expand their operations, collaborate with other companies for special events, and maintain an active online presence.

What Is the Net Worth Of Adventure Hunt?

According to our research, the net worth of Adventure Hunt is estimated to be $3 million as of 2023. The valuation of Adventure Hunt was $750,000 after securing a deal from Robert Herjavec on Shark Tank.

Also, read other notable businesses from Season 10 of Shark Tank:

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