What is Adventure Hunt?
Adventure Hunt is a firm that makes mobile applications to organize treasure hunts. Adventure Hunt offers scavenger hunts similar to the popular television show Amazing Race to provide clients with fun and adventure while meeting new people.
The company provides various services, including team-building events, corporate retreats, and custom scavenger hunts via offices in the United States, Canada, New Zealand, and Australia.
A smartphone app and geocaching enable participants to locate locations, challenge each other, uncover treasure clues, and win prizes in teams of two to four.
|Company Name||Adventure Hunt|
|Founder||Jared Bingham And Sean Bingham|
|Business||A nationwide treasure hunt game and entertainment service|
|Investment Seeking||$150,000 For a 10% stake in Adventure Hunt|
|Final Deal||$150,000 For a 20% stake in Adventure Hunt|
|Episode||Episode 10 Season 10|
|Business Status||In Business|
Who Is The Founder Of Adventure Hunt?
Jared and Sean Bingham are the two entrepreneurs who founded Adventure Hunt.
The brothers previously organized events and parties in their community and sold their line of sunglasses. Their company has prospered since the pandemic, and both brothers remain active.
Since then, Adventure Hunt has hosted thousands of treasure hunts ranging from sizeable corporate bonding events for international brands to small family birthday parties.
Adventure Hunt Before Shark Tank
Adventure Hunt was simply an extension of what they already did, which was to organize events for people.
Event organizers sometimes charge thousands of dollars to attend events, choose a theme, hire local musicians and entertainers, and charge attendees a gate or event fee.
They were also driven by their desire to see the world, experience new things, and mentally and physically challenge themselves.
Their company, Kameleonz (KZ) sunglasses, was founded in 2013, and they planned to market the sunglasses during their travels to boost their appeal to outdoors enthusiasts.
Thus, they merged their interest in planning social events with their passion for traveling and exploring to form Adventure Hunt.
They made close to $800,000 in sales in just 18 months of operation. They researched and explored potential investors for their business idea to prepare themselves, hoping to grow and scale it to become a household name.
How Was The Shark Tank Pitch Of Adventure Hunt?
Sean and Jared appeared on Shark Tank requesting an investment of $150,000 in exchange for a 10% stake in Adventure Hunt.
After showing off their very cool Adventure Hunt app, the sharks asked Jared and Sean about their company’s finances. They noted that the company had accumulated roughly $769,000 in sales in the past year.
They explained that they started their company 18 months ago and had generated sales of nearly 769,000. They say that most of the company’s sales came last year.
The registration fee for Adventure Hunt scavenger hunts starts at $30 and goes up to $100, depending on which tier the customer selects.
Jared and Sean said that all membership tiers would include a complimentary gift as a welcome package, based on what the company stated on its website.
Bethenny Frankel, one of the featured sharks on the episode, offered to take over the company for $150,000 for 25% of the company.
Robert Herjavec promptly made a similar offer to the three brothers. Mark Cuban subsequently pulled out of the deal because he believed his company was in a conflict of interest.
Daymond John and Lori Greiner also left because they did not think the company was interesting.
Robert Herjavec offered an investment of $150,000 for a 20% stake in Adventure Hunt. The founders of Adventure Hunt decide to take the offer of Robert Herjavec, and they have a deal.
Sean and Jared left the Shark Tank stage with a deal from Robert Herjavec for Adventure Hunt.
Final Deal: Robert agreed to invest $150,000 for a 20% stake in Adventure Hunt.
What Happened To Adventure Hunt After Shark Tank?
Sean and Jared finalized the deal with Robert. Adventure Hunt moved forward on the path that Robert had been hoping for. They are working with several companies to host these events.
Adventure Hunt is a group that organizes corporate events, scavenger hunts, and team-building exercises. Adventure Hunt’s official website is fully functional and active on its social media outlets.
This company faced pandemic-related difficulties in 2020. My knowledge of “virtual” treasure hunts ends here; they were advertised as such.
Adventure Hunt is still in business as of 2022, with annual revenue of over $1 million.
Is Adventure Hunt Still In Business?
Since its debut on Shark Tank, Adventure Hunt has grown to “Better-than-ever” proportions. Adventure Hunt is still in business as of 2022 and doing well.
Robert has also organized several high-impact marketing and team-building events for companies such as Ancestry, Washington Trust, and Marmot.
What Is the Net Worth of Adventure Hunt?
The valuation of Adventure Hunt was $1.5 million when it appeared on Shark Tank. The net worth of Adventure Hunt is $1 million as of 2022.