Cubicall Shark Tank Update: Where Are They Now?
Cubicall, a revolutionary phone booth designed for open offices, made a splash on Shark Tank in 2020. Founded by Anthony Braun and Denis Flierl, the company sought an investment of $200,000 in exchange for 10% equity. Let's dive into the update on Cubicall's journey since their Shark Tank appearance.
The Pitch
During their Shark Tank episode, Braun and Flierl presented their innovative phone booth, designed to provide a quiet and private space for employees to take phone calls in open offices. The founders highlighted the growing trend of open offices and the need for a solution to minimize distractions. They demonstrated the booth's soundproofing capabilities, which impressed the Sharks.
The Deal
After a tense negotiation, Mark Cuban and Lori Greiner made a joint offer of $200,000 for 12.5% equity. Braun and Flierl accepted the deal, securing the investment they needed to take their business to the next level.
After Shark Tank
Since appearing on Shark Tank, Cubicall has experienced significant growth and expansion. Here are some key updates:
Increased Sales
Cubicall's sales have skyrocketed, with the company reporting a 500% increase in revenue in the first year after the Shark Tank episode. The investment from Mark Cuban and Lori Greiner helped the company scale its production and meet the growing demand for their phone booths.
New Products and Partnerships
Cubicall has expanded its product line to include a range of phone booths and soundproofing solutions for offices. They have also partnered with major companies, such as Google and Facebook, to provide their phone booths to their offices.
Awards and Recognition
Cubicall has received several awards and recognitions, including the "Best of NeoCon" award for innovation in office design. The company has also been featured in prominent publications, such as Forbes and Entrepreneur Magazine.
Where Are They Now?
Anthony Braun and Denis Flierl have continued to grow and evolve Cubicall, staying committed to their mission of providing innovative solutions for open offices. With the support of their Shark Tank investors, they have successfully expanded their business and established themselves as leaders in the office design industry.
Conclusion
Cubicall's Shark Tank update is a testament to the power of innovation and perseverance. From their initial pitch to their current success, Braun and Flierl have demonstrated the importance of identifying a problem and providing a unique solution. Their journey serves as an inspiration to entrepreneurs and inventors everywhere.