Flated Shark Tank Update | Flated Net Worth

Flated is a company that offers an alternative solution to traditional tents and campsite equipment. The product presented on episode 16 of season 14 of Shark Tank caught the attention of investors with its approach to making camping easier and more convenient.

Flated aims to revolutionize the camping experience by providing comfort and convenience to outdoor enthusiasts.

The main product offered by Flated is an inflatable rooftop carrier called the Air-Carrier. It is designed to provide additional storage space on vehicles, allowing campers to transport their gear with ease.

The Air-Carrier is made using inflatable stitch technology, similar to what is used in inflatable kayaks and paddleboards. This makes it lightweight, durable, and easy to set up.

Air-Carrier can be easily inflated and deflated, making it portable and perfect for mobile lives. It also has a patent-pending design, ensuring that it stands out from other rooftop carriers in the market.

The Air-Carrier is ideal for lengthy family road trips or for anyone who needs extra storage space while on the go. In addition to the Air-Carrier, Flated also offers other inflatable car accessories such as the Air-Topper.

This product is designed to be sturdy enough to fasten equipment directly to the roof of a vehicle and tall enough to allow people to lie down comfortably. It provides a versatile solution for those who want to customize their cars for different purposes.

Flated’s products are made using tested inflatable drop-stitch materials combined with innovative design implementations. This ensures that they are not only functional but also durable and reliable.

The company is committed to providing road-worthy automobile accessories that meet the needs of travelers and adventurers.

Flated’s products offer a convenient and reasonably priced solution for camping and road trips. They provide customizable options for adding storage space to vehicles, allowing users to transport their gear comfortably.

With their design and use of high-quality materials, Flated’s products are a good choice for outdoor enthusiasts who want a seamless camping experience.

Company NameFlated
FounderRyan Guay, Dan Watts, Monique Keefer, and Ken Hoeve
ProductInflatable Automobile Accessories
Investment Seeking$350,000 for 5% equity
Final Deal Accepted$350,000 for 5% equity + with $8 of each unit sold until the money is returned
Shark NameDaymond John
EpisodeSeason 14, Episode 16
Business StatusIn Business
WebsiteVisit Website
Net Worth$8 million (estimated)

What Is Flated?

Flated is a company that specializes in inflatable automotive accessories. They are known for creating the world’s first inflatable truck topper, called the FLATED Air-Topper, as well as other products like the FLATED Air-Carrier and the FLATED Air-Deck.

The FLATED Air-Topper is a truck cap that can be easily inflated and installed in minutes. It weighs less than 65 lbs and provides a convenient solution for truck owners who need extra storage space.

Flated Shark Tank Update | Flated Net Worth

The FLATED Air-Carrier is an inflatable rooftop cargo carrier that can be mounted on almost any vehicle, allowing travelers to carry luggage and gear for road trips and adventures.

FLATED products are sold directly through their website, as well as through retailers like REI.com and other specialty automotive retailers.

The company’s innovative product lineup and brand vision caught the attention of ABC’s “Shark Tank,” where the founders had the opportunity to present their products to top investors and gain exposure to a national audience.

With their patent-pending inflatable technology and focus on simplicity, easy transport, and storage solutions for mobile lifestyles, FLATED aims to make adventure more accessible and enjoyable for everyone.

FLATED continues to innovate and bring new solutions to market for those seeking convenient ways to explore and embark on outdoor activities.

Who Is The Founder Of Flated?

The founders of FLATED are Ryan Guay, Dan Watts, Monique Keefer, and Ken Hoeve. Each founder brings their unique background and expertise to the company.

Ryan Guay, the CEO of FLATED, has a background in action sports footwear and clothing. He comes from a ski business family and has a certificate in Solar Energy Technology.

With his passion for renewable energy and the outdoors, Ryan is dedicated to creating products that encourage people to enjoy nature while being environmentally conscious.

Dan Watts, the CPO of FLATED, has had an award-winning career in brand identity through design and product development. He holds degrees in applied design and has extensive experience in project management and product marketing.

Dan played a significant role in designing, branding, and marketing FLATED’s automotive accessories.

Monique Keefer, the CFO of FLATED, was previously a financial guru for Surftech, a company that manufactures surfboards with sustainable technology.

She has specialized in wholesale, manufacturing, and distribution and has experience in various industries such as food and beverage, recreation, and construction. Monique brings her financial expertise to FLATED to ensure the company’s success.

Ken Hoeve, the CMO of FLATED, has been heavily involved in the outdoor industry for over 30 years. He is known for his extensive network and knowledge of outdoor sports.

Ken excels at creating authentic marketing campaigns using athletes, ambassadors, and affiliates to spread the word about FLATED’s products. He is always thinking of new product ideas to enhance the outdoor experience.

The founders of FLATED came together with a shared passion for outdoor adventures. They drew up their own “wish lists” for the perfect vehicle accessories that would simplify outfitting vehicles for road nomads.

Their goal was to create innovative, hassle-free, affordable, and durable products that would make outdoor adventures more accessible and enjoyable.

Before appearing on Shark Tank, FLATED had already developed a range of products to outfit vehicles for outdoor adventures.

Their products included the Air-Topper, a shell that clamps to the truck bed for complete containment, the Air-Carrier, a rooftop cargo carrier with dual side access, the Air-Deck, an inflatable raised deck for sleeping space, and the Air-Chalet, an inflatable structure for pets to join in on the adventure.

FLATED focused on reducing the amount of molded plastic in their products and used advanced technology with materials like Drop Stitch, PVC coating with high tear strength, and polyurethane-glued seams. Their designs aimed to provide the ultimate in road-worthy automotive accessories.

By appearing on Shark Tank in Season 14, Episode 16, FLATED gained exposure and the opportunity to secure funding and partnerships to grow their business further.

The episode aired on March 10, 2023, and FLATED’s appearance on the show showcased their innovative products and their commitment to making outdoor adventures more accessible and enjoyable.

How Was The Shark Tank Pitch Of Flated?

The founders of Flated, Ken Hoeve, Monique Keefer, and Ryan Guay, presented their inflatable automotive accessories on Shark Tank Season 14.

They were seeking a $350,000 investment in exchange for 5% equity in their business. The Flated products were praised for their easy installation and portability.

Flated Shark Tank Update | Flated Net Worth

During the pitch, Lori Greiner and Kevin O’Leary dropped out due to concerns about the high valuation of the company. Mark Cuban and Robert Herjavec also decided not to invest.

However, Daymond John saw potential and made an offer of $350,000 for an 8% royalty on each unit sold. Once the investment was paid back, the royalty would decrease to 5%.

After careful consideration, the founders accepted Daymond John’s offer. This marked the final deal they secured on Shark Tank Season 14.

The table below summarizes the Shark’s names, their investment offers, the counter offer by the founders, and the final deal accepted by the founders:

Shark’s NameInvestment OfferedCounter Offer by FoundersFinal Deal Accepted by Founders
Daymond John$350,000 for 8% royalty until paid back, then 5% in perpetuityYes

Since their appearance on Shark Tank, Flated has continued to thrive with increasing sales. The exposure from the show is expected to boost their revenue further.

With Daymond John on board, Flated can enhance its marketing efforts and reach a broader customer base.

Did Flated Get a Deal on Shark Tank?

Yes, Flated did get a deal on Shark Tank. The co-founders, Ryan Guay, Monique Keefer, and Ken Hoeve, appeared on Season 14 Episode 16 of Shark Tank and pitched their inflatable automobile accessories business. They asked for $350,000 for 5% equity at a $7 million valuation.

After negotiations, they accepted an offer from Daymond John. Daymond invested $350,000 for 5% equity and also agreed to take $8 of each unit sold until the investment is returned. This deal allowed Flated to secure funding and continue growing its business.

Also read, Pluie Shark Tank Update | Pluie Net Worth

What Happened To Flated After Shark Tank?

After appearing on Shark Tank, Flated experienced significant growth and a boost in visibility and sales. The co-founders, Ryan Guay and Monique Keefer, successfully pitched their innovative inflatable automobile accessories, capturing the interest of the Sharks. Daymond John, among others, showed immediate interest and offered various deals.

Following the show, Flated received an investment from Daymond John, which led to an increase in credibility and sales. The exposure on Shark Tank attracted a surge in customer interest, resulting in substantial growth for the company.

Flated Shark Tank Update | Flated Net Worth

Flated’s inflatable products, such as the Air-Topper and Air-Carrier, cater to outdoor enthusiasts and provide a combination of utility and convenience.

Flated’s success can be attributed to their patent-pending Drop Stitch Technology, which allows their inflatable products to achieve high rigidity when inflated while remaining flexible and storage-friendly when deflated. This technology ensures durability in their outdoor equipment.

The company successfully expanded its distribution network, partnering with dealers in selected countries around the world. In addition to their presence in the United States, they established dealer partnerships with Expedition Upfitter in Canada and Al’saada Group in Oman, Middle East.

Flated’s sales performance improved over time. In 2022, they reported sales of $277,000 and aimed to reach $600,000 in sales for the following year. The company also raised $500,000 in funding during 2022.

Flated remains in business, and the estimated worth of the company stands at $8 million. It continues to operate from its headquarters in Carlsbad, California, employing a team of 4-10 individuals. 

Looking to the future, Flated envisions expanding its product catalog with new offerings like the Air Deck, an inflatable mattress for camping, and other inflatable vehicle accessories. The company remains committed to eco-friendly principles and aims to address the needs of truck and car owners who love the outdoors.

Flated’s appearance on Shark Tank propelled its business forward, leading to increased sales, credibility, and opportunities for growth in the inflatable car accessories market.

Also read, Woof Shark Tank Update | Woof Net Worth

Flated Shark Tank Update

After appearing on Shark Tank, Flated, a company that creates inflatable car and truck storage accessories, experienced positive results. During their presentation, Flated showcased their various products, emphasizing their inflatable nature and addressing the issue of automotive storage.

While some investors had reservations about the company’s valuation, Daymond John offered $350,000 for 8% of the sales, with a provision for a reduced equity stake after he recouped his investment. Flated’s founders eventually accepted the offer.

Following the episode’s airing in March 2023, Daymond John expressed enthusiasm for working with Flated on social media.

Flated had an estimated valuation of $8 million and continued to offer a range of inflatable accessories and storage options. Their flagship product, the Air-Topper, received positive reviews for its durability and ease of use.

Flated expanded its product line to include items such as the Air-Chalet for pets and the Air-Carrier for vehicle rooftop storage. The company’s appearance on Shark Tank helped raise its profile, with positive feedback from websites like Gear Patrol and RV Geeks.

Flated’s founders expressed optimism about future growth and mentioned plans to introduce more sizes and new products in 2023. Despite the success of their Air-Topper, they remain committed to expanding their offerings and meeting customer demand.

Flated Shark Tank Update | Flated Net Worth

Flated’s lineup is sold on their website and REI.com. They have also secured distribution in specialty stores within the U.S. and international markets.

The company remains active on social media, particularly TikTok, where they have received over 5 million views. They continue to create content on platforms like Facebook and YouTube, featuring tutorials and adventure vlogs.

Flated’s appearance on Shark Tank had a positive impact on the company, leading to increased visibility and continued business growth.

Also read, SweetKiwi Shark Tank Update | SweetKiwi Net Worth

What Is the Net Worth Of Flated?

According to our research, Flated’s net worth is estimated to be $8 million. The valuation of Flated was $7 million after securing an investment from Daymond John on season 14 of Shark Tank.

Rate this post
2 Shares: