Stealth Bros & Co Shark Tank Update | Stealth Bros & Co Net Worth

Stealth Bros & Co, featured on episode 2 of season 14 of Shark Tank, is a company that designs and sells luxurious Dopp kits specifically tailored for individuals who need to carry medical equipment, such as injections or syringes, while also prioritizing fashion. 

The brain behind this innovative company is Braxton Fleming, a licensed nurse with extensive experience in the healthcare industry. 

As the CEO of Stealth Bros & Co, Braxton drew upon his personal need to carry injections as a transgender person and his frustration with the lack of suitable options available.

The flagship product of Stealth Bros & Co is their Dopp pouches, which are crafted with high-quality materials, including leather, and feature special compartments for safe disposal of used syringes and secure storage of medicines. 

These pouches not only serve the practical purpose of carrying medical equipment but also exude luxury and style. Braxton emphasizes that he refuses to compromise on quality, which has helped his company build a strong reputation.

The versatility of Stealth Bros & Co’s Dopp pouches extends beyond individuals with medical needs. Tattoo artists, barbers, and regular people can also utilize these pouches to carry their equipment. 

The company has garnered positive feedback since its establishment in December 2017, as it fills a gap in the market by providing a unique product that combines functionality and fashion.

Stealth Bros & Co currently offers two versions of their Dopp bags: a junior version priced at $34 and an original version priced at $32. Both versions come in various colors and patterns to cater to different preferences. 

Additionally, the company sells sharp shuttles and containers priced at $4 and $10, respectively.

Stealth Bros & Co is a company founded by Braxton Fleming that specializes in designing and selling luxurious Dopp kits for carrying medical equipment. 

The flagship product features high-quality materials, a stylish design, and special compartments for the safe disposal of used syringes. 

Its versatility makes it an appealing choice not only for individuals with medical needs but also for tattoo artists, barbers, and regular people. 

Stealth Bros & Co is poised for continued success with positive sales figures and a commitment to quality.

InformationAnswer
Company NameStealth Bros & Co
FounderBraxton Fleming
ProductMedical/personal Dopp kit in a luxurious design
Investment Seeking$200,000 for a 15% equity
Final Deal Accepted$200,000 for 20% equity
EpisodeSeason 14, Episode 02
Business StatusIn Business
WebsiteVisit Website
Net Worth$1.5 Million (estimated)

What Is Stealth Bros & Co?

Stealth Bros & Co is a company that aims to empower individuals by breaking medical and personal stigmas surrounding storage needs. They offer a range of products designed to discreetly and conveniently store various items.

Stealth Bros & Co is a high-end provider of dopp kits, offering both travel and at-home storage solutions for medical and personal necessities. They aim to offer innovative, convenient, and fashionable storage options for the transgender, diabetic, IVF, and other personal and medical communities. 

In addition, the company is revolutionizing the way people perceive and handle sharps disposal. Their mission is to provide our customers with a sense of safety, organization, and privacy, all while allowing them to express their individuality. 

Stealth Bros & Co Shark Tank Update | Stealth Bros & Co Net Worth

The company particularly focuses on serving the needs of the female-to-male transgender community while also supporting other allied communities.

The name “Stealth” represents the desire for individuals to navigate the world discreetly without feeling judged, while “Bros” symbolizes the foundation of the organization in the transgender community. The “& Co.” represents the collaboration and strength that comes from multiple communities coming together. 

The company’s products, such as travel kits and duffle bags, are designed to meet the unique needs of individuals, including those who require storage for medical supplies or personal items. 

Stealth Bros & Co aims to create a space where individuals feel seen, understood, and supported.

Who Is The Founder Of Stealth Bros & Co?

The founder of Stealth Bros. & Co. is Braxton Fleming. Braxton is a transgender man who started the company with the aim of producing fashionable dopp kits to keep safe and discreet the hormone replacement therapy and other medical paraphernalia needed by transgender men.

Braxton’s background includes personal experience with hormone replacement therapy, as he himself underwent the therapy as part of his gender transition.

Recognizing the need for a practical and stylish solution to carry and organize necessary medical supplies, Braxton conceived the idea of creating Stealth Bros. & Co.

Before appearing on Shark Tank, Stealth Bros. & Co. had already established a strong presence in the transgender community.

The company’s mission statement focused on providing a safe and discreet way for individuals to express themselves while injecting medications on a daily, weekly, or bi-weekly basis.

Additionally, the company had already gained recognition for its commitment to supporting the transgender community through the Stealth Bros Support Fund.

Through the fund, Braxton raised enough money in the first year of business to pay for his top surgery. 

However, he chose to donate the funds to another trans man in need, marking the beginning of the fund’s mission to help individuals achieve their gender-affirming goals. This fund was financed by a percentage of every sale made by Stealth Bros. & Co.

Stealth Bros & Co Shark Tank Update | Stealth Bros & Co Net Worth

Furthermore, Stealth Bros. & Co. had developed two versions of their dopp kits: the original Dopp Kit and the Jr Dopp Kit. 

These kits were designed with specific compartments to accommodate the necessary supplies for hormone replacement therapy and other medical needs. 

The original Dopp Kit was a rectangular cube with zippered compartments and a handle, while the Jr Dopp Kit was smaller and more portable.

In addition to its products and philanthropic efforts, Stealth Bros. & Co. also gained exposure through an advertisement placed by Google. This advertisement helped raise awareness about the company and its mission within the transgender community and beyond.

Stealth Bros. & Co. had already established itself as a reputable company providing practical and stylish solutions for transgender men and other individuals requiring medical supplies.

How Was The Shark Tank Pitch Of Stealth Bros & Co?

During the Shark Tank pitch, Braxton Fleming, the founder and CEO of Stealth Bros & Co, presented his company and sought a $200,000 investment in exchange for a 15% equity stake.

The company manufactures luxurious Dopp kits designed for storing medical supplies like injections, needles, and sharps waste.

Braxton shared his personal story as a transgender male who needed weekly hormone injections.

He explained that he started the business to create stylish and convenient storage solutions for himself and others in similar situations.

The products offered by Stealth Bros & Co include the Jr Dopp Premium Leather kit, which can store medical supplies separately and maintain their proper position.

The Sharks were impressed by Braxton’s story and the potential of the product. Lori expressed her support for the community and advised Braxton to run the business independently. 

Robert, however, felt that the business wasn’t a fit for him and decided not to invest.

Barbara Corcoran recognized the need for the product and made an offer of $200,000 ($100,000 as a credit line and $100,000 in cash) for a 20% equity stake. 

Mark Cuban decided to join Barbara in the offer. They proposed a valuation of $1 million for Stealth Bros & Co.

After a brief negotiation, Braxton agreed to Barbara and Mark’s offer without any further counter. The final deal involved an investment of $200,000 for a 20% equity stake in the company.

Here is a table summarizing the Shark’s offers and the final deal:

SharkInvestment OfferedCounter OfferFinal Deal
LoriN/AN/AN/A
RobertN/AN/AN/A
Barbara Corcoran$200,000 for 20% equity18%Accepted (20% equity)
Mark Cuban$200,000 for 20% equityN/AAccepted (20% equity)

Overall, Stealth Bros & Co had a successful pitch on Shark Tank, securing an investment from Barbara Corcoran and Mark Cuban. 

The founders accepted $200,000 for a 20% equity stake, and the Sharks expressed their excitement about helping the business grow and solve a real problem.

Did Stealth Bros & Co Get a Deal on Shark Tank?

Yes, Stealth Bros & Co. did get a deal on Shark Tank. Braxton Fleming appeared on Season 14 of the show with his luxury Dopp kit company. He was seeking a $200,000 investment for 15% equity in his business.

Stealth Bros & Co Shark Tank Update | Stealth Bros & Co Net Worth

Barbara Corcoran and Mark Cuban showed interest and made an offer of $200,000 for 20% equity, with half of it as a line of credit. 

After negotiations, Braxton accepted their offer, and the deal was finalized. This successful deal positions Stealth Bros & Co. for potential future success. 

What Happened To Stealth Bros & Co After Shark Tank?

After appearing on Shark Tank, Stealth Bros & Co, founded by Braxton Fleming, received an investment of $100,000 in cash and $100,000 as a line of credit, along with 20% equity from Barbara Corcoran and Mark Cuban.

Following the show, Braxton sold out practically his entire inventory, and the product has reached 3,000 CVS stores.

The company’s upcoming goals include creating a duffle bag for carrying medications and clothing and eventually owning a warehouse.

Stealth Bros & Co continues to make groundbreaking accomplishments in the name of making the world a better and more accessible place, one kit at a time.

Stealth Bros & Co Shark Tank Update

After appearing on Shark Tank, Stealth Bros & Co, the company that manufactures luxurious Dopp kits for medical supplies, experienced a significant boost in its business.

Founder and CEO Braxton Fleming secured a deal with sharks Barbara Corcoran and Mark Cuban, who invested $200,000 for a 20% equity stake in the company. This partnership allowed Stealth Bros & Co to expand its operations and take the business to the next level.

The exposure gained from Shark Tank resulted in increased sales for the company. Many people who saw the product on the show appreciated its innovative design and recognized its ability to solve a real problem. 

As a result, Stealth Bros & Co received positive feedback and congratulations from viewers and customers alike.

Following the Shark Tank appearance, Stealth Bros & Co’s sales are expected to soar as the product garnered significant interest from potential customers. 

The company announced that its luxury Dopp kit is now available in over 3,000 stores nationwide, including well-known retailers like CVS Pharmacy and CVS Health.

The partnership with Barbara Corcoran and Mark Cuban not only provided financial support but also brought valuable expertise and mentorship to the company. 

Stealth Bros & Co Shark Tank Update | Stealth Bros & Co Net Worth

With their guidance, Stealth Bros & Co has been able to navigate the challenges of scaling up its operations and reaching a wider customer base.

Stealth Bros & Co is still in business and continues to serve the medical and personal necessities market. Customers appreciate the safe and stylish design of the Dopp kit, which allows them to conveniently store their medical supplies, including injections, while on the go.

The company maintains an active presence on social media, where customers share their positive experiences with the product.

Overall, appearing on Shark Tank proved to be a game-changer for Stealth Bros & Co. The partnership with Barbara Corcoran and Mark Cuban, combined with increased sales and positive customer feedback, has propelled the company’s growth and success in the market.

Is Stealth Bros & Co Still In Business?

Yes, Stealth Bros & Co. is still in business and is thriving. After appearing on Season 14 of Shark Tank, founder Braxton Fleming successfully closed a deal with Barbara Corcoran and Mark Cuban.

The deal involved a $200,000 investment for 20% equity, with half of it extended as a line of credit. Since then, Stealth Bros & Co has been positioned for potential success and has the opportunity to reach new levels of growth. 

What Is the Net Worth Of Stealth Bros & Co?

According to our research, Stealth Bros & Co’s net worth is estimated at $1.5 million. The valuation of Stealth Bros & Co. was $1 million after securing an investment from Barbara Corcoran and Mark Cuban on Shark Tank.

Also, read about other businesses that appeared on episode 02 of season 14 of Shark Tank:

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