New Milford, Connecticut Feb 23, 2024 (Issuewire.com) - Boost Oxygen, the pioneering portable oxygen brand has made waves on the latest episode of Shark Tank Global, leaving the Sharks astonished by its innovative approach to addressing oxygen needs in various scenarios. The episode, which aired recently, showcased Boost Oxygen's founders, Mike Grice and Rob Neuner, as they presented their vision to the esteemed panel of investors.
Boost Oxygen offers a solution to individuals facing low oxygen levels, whether due to high-altitude locations, strenuous physical activities, or other reasons. With its lightweight aluminum canisters containing 95% pure oxygen, Boost Oxygen ensures easy portability and accessibility for users. The product is available in multiple sizes and scents, including natural, peppermint, pink grapefruit, menthol, and more.
During their pitch, Grice and Neuner sought $1 million for 5% equity in their company, valuing it at $20 million. Despite initial hesitations from some Sharks, Kevin O'Leary ultimately struck a deal, offering $1 million as a loan at 7.5% interest for 36 months in exchange for 6.5% equity.
Since the episode aired, Boost Oxygen has witnessed remarkable growth and recognition. Kevin O'Leary's endorsement of the product further bolstered its visibility, leading to widespread adoption across various consumer segments. Notable personalities, including members of BTS, have been spotted using Boost Oxygen, further enhancing its appeal.
In addition to its commercial success, Boost Oxygen remains committed to social responsibility. The company has donated to charitable causes, including contributions to the Connecticut Food Bank. Furthermore, Boost Oxygen continues to expand its global reach, with distribution to over 13 countries.
"We are thrilled by the overwhelming response we've received following our appearance on Shark Tank Global," said Rob Neuner, CEO of Boost Oxygen. "This opportunity has propelled us to new heights, allowing us to make a positive impact on the lives of individuals worldwide."
Boost Oxygen's journey post-Shark Tank serves as a testament to the power of innovation and entrepreneurial resilience. As the company continues to flourish, it remains dedicated to its mission of enhancing wellness and vitality through accessible oxygen solutions.
For more information about Boost Oxygen, visit their website at https://www.boostoxygen.com.
Media Contact
Boost Oxygen info@boostoxygen.com 877-375-2500 https://www.boostoxygen.com
