Rekkie, the innovative company behind the revolutionary Rekkie Smart Snow Goggles, made their highly anticipated appearance on Season 15, Episode 7 of Shark Tank. The Pease brothers, founders of Rekkie, stepped into the tank to pitch their cutting-edge product and secure a game-changing investment deal.
In their pitch, the Pease brothers aimed to secure a $300,000 investment for 10% equity in their company, valuing Rekkie at $3 million. The innovative features of the Rekkie Smart Snow Goggles, including a Heads-Up Display (HUD) and various connectivity features, caught the attention of the esteemed Sharks.
Among the Sharks, it was Mark Cuban who saw the immense potential of Rekkie. Recognizing the value and market demand for the product, Mark Cuban made an exciting offer to invest $300,000 for 12.5% equity in Rekkie. The Pease brothers eagerly accepted the deal, forming a partnership that would catapult Rekkie to new heights.
The investment from Mark Cuban came as a significant validation of Rekkie’s product and business model. With Mark Cuban’s expertise, resources, and network, Rekkie experienced exponential growth in sales and market reach.
“We are thrilled to partner with Mark Cuban, a visionary entrepreneur who shares our passion for innovation,” said the Pease brothers. “His investment and guidance will enable us to further develop and expand our product line, fulfilling our mission to enhance safety and connectivity for winter sports enthusiasts.”
The success story of Rekkie’s Shark Tank journey stands as a testament to the product’s groundbreaking nature and the entrepreneurial spirit of the Pease brothers. The strategic investment deal with Mark Cuban played an integral role in Rekkie’s post-Shark Tank success, propelling the company to new heights and securing its position as a leader in the winter sports industry.
“The Shark Tank experience was an incredible opportunity for us to showcase our product on a national stage,” said the founders of Rekkie. “We are grateful to have received such support and recognition, and we are excited to continue growing and innovating in the winter sports industry.”
| Shark | Investment Offer | Equity Stake |
|---|---|---|
| Mark Cuban | $300,000 | 12.5% |
