SpiritHoods Shark Tank Update

What Is SpiritHoods?

SpiritHoods is a collection of faux fur animal hats that are trendy and unique (acrylic). The head looks like an animal’s head with long sleeves and paws that hang to the hips – for example, a coyote, wolf, snow leopard, or fox. 

The paws function as pockets, allowing you to keep cash, credit cards, phones, and other valuables. SpiritHoods are an ingenious, one-of-a-kind accessory that works as a hat, gloves, and scarf.

SpiritHoods are handmade in California from faux fur, and a portion of the proceeds from each sale is donated to organizations devoted to preserving endangered species.

SpiritHoods Shark Tank Update

SpiritHoods integrates the adventurous spirit of the wild into everyday life while also providing charitable donations that assist in the protection of endangered species. They encourage self-expression to gain new experiences, give back, and engage in community involvement.

Authentic Spirithoods products are handmade in Los Angeles with the highest quality faux fur available (faux fur). You can feel secure knowing that no animals were injured in producing our goods.

Company NameSpiritHoods
EntrepreneurAshley Haber, Chase Hamilton, Marley Marotta, and Alexander Mendeluk
Product / BusinessFaux-fur hoodies inspired by animals
Investment Asking For$450,000 for 15% equity in Spiritshood
Final DealNo Deal
SharkNo Shark
Episode Season 5 Episode 11
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of SpiritHoods?

SpiritHoods was founded in 2009 by two friends, Alexander Mendeluk and Marley Mahratta. The Los Angeles resident has experience acting, having worked both on television and stage during his stay in LA.

He then began photographing different events. The founder of SpiritHoods left the company in 2016, and he now runs a company that helps brands use social media influencers properly.

Marley is a graduate of the University of Oregon’s Digital Arts program who has worked in website development. He continues to serve as Marketing Director for SpiritHoods.

The company initially designed a hat that anyone could wear, whether they were wolves, foxes, or bears. The hats also had long sleeves that terminated in paws, letting you keep standard EDC items such as your keys, wallet, and other small items.

Two friends of Alex and Marley’s joined the team, professional photographer Ashley Haber and designer Latif Hamilton (aka Chase). They generated impressive sales during the cold months due to a successful crowdfunding campaign and innovative social media marketing.

The brand maintains its excitement by taking its outrageous fake fur hats to various music festivals and using social media and email marketing exclusively. They developed washable speakers integrated into several of their hats, combining headphones with fashion in 2013.

Snoop Dogg and Justin Bieber were among the celebrities that had sponsored the company, leading to approximately $10 million in revenue. However, the company’s sales were declining, and they realized they needed to find an investor to pay off their debts and develop the company further.

SpiritHoods Before Shark Tank

SpiritHoods allow you to show your inner animal without making you look like a freak. SpritiHoods is a lifestyle brand with a Los Angeles headquarters that allows individual expression.

There are speakers embedded in the ear of the fur hoods and gloves attached to the headgear of the wearers. SpiritHoods aren’t going away even though they were first established as a fashion statement.

SpiritHoods are a fun, unusual take on public outings that attract attention and get people talking. Continue reading this article for more information on SpiritHood and what happened to the business on Shark Tank.

How Was The Shark Tank Pitch Of SpiritHoods?

Alexander and Chase appeared on Shark Tank looking for a $450,000 investment in exchange for a 15 percent ownership in Spiritshood, which they believe is worth $1 million.

Final Deal: Chase Hamilton, Alexander Mendeluk, Marley Marotta, and Ashley Haber left the Shark Tank stage without any deal.

What Happened To SpiritHoods After Shark Tank?

Spirithoods did not receive a contract due to their appearance on Shark Tank, but the experience increased the company’s reputation and brand. This was because followers believed the brand was not going out of business and that it is still growing and flourishing today.

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The brand is now collaborating with other companies that share its values and is even providing better and more options. SpiritHoods is still in business as of 2022, and many styles are available for purchase, with some types even being custom-made upon request.

SpiritHoods Shark Tank Update

Today, SpiritHoods is still selling its hoods through its website, and you can also purchase them on Amazon. SpiritsHoods was doing well and was quite popular among customers before it appeared on Shark Tank despite not getting any deals from the Sharks.

SpiritHoods Shark Tank Update

SpiritsHood yearly revenue is expected to reach $5 million as of 2022.

Is SpiritHoods Still In Business?

Spiritshoods are still in business as of 2022, with annual revenue of $5 million.

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Having appeared on Shark Tank, SpiritHoods has grown into a reputable luxury clothing company that offers coats, vests, shawls, and robes for women, men, and kids and throws, blankets, and pillows for the home.

What Is the Net Worth Of SpiritHoods?

The valuation of SpiritsHoods was $3 million when it appeared on Shark Tank. The net worth of SpiritsHoods is $5 million as of 2022.