Looking for the latest update on what really happened to larq after shark tank with before and after growth, so check out the guide here.
Larq is a self-cleaning and self-water purification system. Its creator Justin Wang appeared in Shark Tank Season 12 Episode 21 and requested $500,000 for 1% Equity from Shark.
The valuation of this call of the company is $50 million. Larq is a ground-breaking self-cleaning water purifier product that works on PureVis technology. This technology eliminates 99% of the bio-contaminants from the water.
What Really Happened to Larq After Shark Tank?
The double-wall vacuum is installed in this bottle which keeps your water hot for 12 hours and cold for 24 hours. This bottle is totally hygienic and can be reused instead of a plastic bottle.
Men & women simply need to drink around 3 liters of water every day, if this is not done then there is a high percentage of dehydration.
Now, before drinking water, care should be taken of its cleanliness, then, disease, etc. may be due to this. Maximum people drink water from a plastic bottle, but this bottle is not totally hygienic, it contains numerous bacteria.
Larq Shark Tank Update
| Company Name | Larq |
| Founder | Justin Wang |
| Founded | 2017 |
| Product | a self-cleaning water bottle that uses UV light to purify water every 2 hours. |
| Asked For | $500,000 for 1% equity |
| Final Deal | $1.5 Million for 4% equity |
| Shark | Kevin O’Leary and Lori Greiner |
| Episode (Shark Tank USA) | Season 12 Episode 21 |
| Air Date | April 16, 2021 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | San Francisco Bay Area, California, US |
| Go To Amazon | Buy Now |
What Is Larq?
Larq is a self-cleaning water bottle that uses UV light to cleanse water. This corporation was started in 2017. PureVis™ technology has been used in this bottle which eliminates 99% of the bio-contaminants such as E.coli from water.
This technology in the bottle automatically triggers after every 2 blows and washes the bacteria. This bottle is smarter, cleaner, better, and can be recycled daily.
The hospital uses Shame Technology to Sanitize working rooms. This light works for 100,000 uses on a single charge and it is charged through a USB cable.
This corporation has launched two more new products Bottle Filtered, and Pitcher PureVis. In these, PureVis, Nano Zero & Smart Hydration Technology have been used.
This technology washes the water in an advanced way. Nano Zero Filter Technology is a plant-based filter that pulls pollutants out of the water. Smart Hydration is a hydration following device that tracks water intake.
Larq Company’s CEO & Co-Founder is Justin Wang, he considered economics, and political economy at the University of California, Berkeley.
Now, after his studies, he simply joined Merriman Curhan Ford & Co. and worked as an Investment Banking Associate for 3 years, and become an investor in L Catterton.
After that, for 3 years he was the President of the Product Development Company FOREO. Justin got a lot of information due to this work and in 2017 he started Larq Company. Douglas Collins, Chief Technology Officer of this corporation, before this he worked at RayVio for 6 years.
What was Larq Before Shark Tank like?
Larq Bottle was established by Justin Wang due to his frustrations. Justin was very worried about the environment and he near-sighted a lot of people who are using plastic bottles to drink water.
Maximum people use a “single-use plastic bottle” and this importantly affects the environment. Due to this idea, Wang purchased a reusable water bottle, but he had to face a lot of difficulties with this bottle.
This bottle is not dishwasher safe and it is very hard to clean it. Now, to make the bottle reusable, it is necessary to clean it every day, then, bacteria get into it. Now, to solve this problem, Wang developed a Larq bottle that does reusable and self-cleaning as well as cleansed water.
In the initial stages of this product development in 2017, Wang ran a positive Kickstarter campaign with funding goals of $30,000. But this campaign was effective, raising $1,374,021 from 12,758 backers. Now, according to a Crunchbase report, Wang in the venture funding round in 2019 and the 2020 Series A round elevated $10.7 million in funding.
The Wall Street Journal’s “50 Winning Presents – From Understated to Over-the-Top” in 2018. This bottle was comprised in the list.
The corporation launched a second kickstart campaign for an additional product, LARQ Pitcher, and on October 2020 raised $771,917 from 6,364 backers. In addition to Kickstarter, LARQ Bottle & Pitcher launched an effective campaign on Indiegogo and raised a total of $2,520,031.
On Nov 7, 2017, This UV-C Light Tech Bottle product was initially featured on Forbes. The product was awarded the CES 2019 Innovation Awards Honoree in the Sustainability and Eco-Design category.
This product was originally shipped to the United States only but in 2019 it was shipped to the United Kingdom. In 2019, the brand sold 75,000 units of the product, making $1 million in monthly revenue in Q4 2019. In 2020, the product was accessible at 88 retailers in 16 countries and partnered with Nordstrom, Net-a-Porter, and Bloomingdale.
What Really Happened to Larq After Shark Tank?
Kevin & Lori signed a deal with Larq at a $25 million valuation. This product was previously very popular and became more general after Shark Tank.
This is a premium problem-solving product and it needed a trust score that it got from the Shark Tank show. There are numerous people around the world who would not hesitate to buy this product.
This corporation is shipping its product only in Canada, the United Kingdom, Europe & United States till August 2022. Though, it is also selling the product in South East Asia through Amazon.
Due to not being a big contestant of this company, it is growing very recklessly and people are also buying this product. In the coming few years, the worth of this company can become billion of dollars, which is growing quickly.
New York Magazine included LARQ UV Purifying Pitcher in a post’s list of Best Water Filter Pitchers. This company has been featured in numerous big news magazines.
Now, after Shark Tank, on November 2021, this corporation announced that it will do $ 20 million in sales this year. After the launch of this company’s second product in the Larq Pitcher on market, they are projected to make $30 million in revenue by 2022.
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