Polar Pro: Shark Tank Success & Net Worth Today
Polar Pro's journey from a college project to a successful business is a classic entrepreneurial story. Founded by Jeff Overall in 2011, the company initially focused on creating filters and accessories for GoPro cameras. The big break came when Polar Pro appeared on Shark Tank, seeking investment to expand their product line and reach a broader market.
Shark Tank Appearance and Deal
In 2015, Jeff Overall pitched Polar Pro on Shark Tank, showcasing the company's innovative products and impressive sales figures. The sharks were intrigued by the potential of the action camera accessories market. After negotiations, Robert Herjavec invested $500,000 for a 20% equity stake in the company. This deal not only provided crucial funding but also brought Herjavec's expertise and network to Polar Pro.
Net Worth and Growth
Following the Shark Tank appearance, Polar Pro experienced significant growth. The company expanded its product offerings to include accessories for drones and other camera systems. While precise current net worth figures are not publicly available, it's estimated that Polar Pro's net worth has substantially increased since the Shark Tank deal. Factors contributing to this growth include:
- Increased Brand Awareness: Shark Tank exposure significantly boosted Polar Pro's brand recognition.
- Expanded Product Line: Diversifying into drone and camera accessories broadened their market reach.
- Strategic Partnerships: Leveraging Robert Herjavec's network and expertise opened new opportunities.
Where is Polar Pro Today?
Today, Polar Pro continues to innovate and expand its product line. The company's accessories are popular among photographers, videographers, and drone enthusiasts. Polar Pro products are available through their website and various online retailers, solidifying their position in the action camera and drone accessories market. The Shark Tank investment proved to be a pivotal moment, propelling Polar Pro to greater success and establishing it as a leader in its niche. They serve their customers via their online store. Robert Herjavec's initial investment has certainly paid off for both parties, and Polar Pro continues to be a widely recognized brand.
Call to Action: Check out Polar Pro's latest accessories and see how they can enhance your photography and videography experience!