Dermovia (Lace Your Face) Shark Tank Update

Are you tired of doing countless hours of treatment for your skin using home remedies that don’t have much effect and spending millions on anti-aging and skincare products? Now it’s high time to rejuvenate the skin with the latest in skincare technology with the refreshing and exfoliating range of products from Dermovia.

This company has come up with a unique and excellent technology that helps you do your everyday activities with it on and changes the quality of your skin with every use. This business is changing the face of industry one face at a time. They have built this company by taking into consideration the breaking of myths related to beauty treatments that cost handsome sums of money.

Let’s see how they came up with the idea to give skin treatments a new identity.

Dermovia at a glance:

Business ideaLace beauty serum face mask
FounderMariella Scott and Anita Sun Eisenberg
Asked for$350,000 for 10%
Accepted deal$350,000 for 15%
SharksLori Greiner
Business statusIn business
EpisodeSeason 9 Episode 24
WebsiteDermovia
Buy on AmazonBuy Now!
Dermovia at a glance

Index:

Founder Story:

The two visionaries of the product Dermovia’s lace the face mask are true pioneers in the field of skin and beauty and have educated themselves to create the business they own. They say we have put our heart and soul into the rejuvenating, exfoliating, and calming concoctions on offer. The two of them came together for the love of the industry and understanding to make a difference. Anita sun is the Medical Esthetician and CEO behind the cause while Mariella is a beauty expert and entrepreneur.

They have created a range of products that are affordable, convenient, and reusable for their customers. The two of them have formulated a skincare regime for immediate results that satisfy the needs of the consumers every time. Now they sell the product online on Amazon and on their own website.   

Did Dermovia get a deal on the Shark Tank?

The two enthusiasts of the beauty industry hoped to rejuvenate the thoughts of the sharks by entering the shark tank and seeking an investment of $350,000 for 10%. This valued their business at $3.5 million. The two of them shared their pitch this made the sharks laugh and say that the masks worn by the women looked ridiculous. Next, they hand out samples.

The product costs them $15 to make and they sell it for a four-pack at $55. They have made an evident amount of sales by their products. In the year 2016, they had sales of $1.3 million and $750,000 in 2017. They tell the sharks that they tried to sell the products in the retail stores but had no success. They even have four patents on the product i.e. the mask technology and three on the utility of the product.

Robert is the first one to back off from the deal as he sees too many obstacles. Mark is the next one out as he doesn’t know enough about these kinds of things. Betheney offers the two visionaries $350,000 for 15%. Daymond believes he knows nothing about the industry behind the business he is out, While Lori is out because she thinks the product will not be bought until it becomes a bigger brand.

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Betheney is told that they have a $1million order on the product. Once Lori heard about the $1million order, she offers $350,000 for 15%. This deal is accepted by Anita and Mariella. They walk out with a deal and shark Lori on board.  

What happened to Dermovia after the Shark Tank?

The deal with Lori led to a rewarding and enriching experience for Dermovia as a company. It has grown ever since the agreement between the three of them. The product has reached many retail stores and has an availability online as a product for its consumers. Their website is all active about the product in terms of news and videos.

They launched a new product line of dry masks which they sold with their skin cycle range which includes serum, lotions, cleansers, scrubs, and a  whole lot more. Their current yearly revenue is $ 4million as of 2021.

Product:

  • The product is made from Silicone lace fabric.
  • The masks are eco-friendly, reusable, and hypoallergenic in nature.
  • The skin cycle range of products offers lotions, cleansers, and much more with microion technology that is water-based.
  • The technologies behind the mask are patented and they are called the compression technology and the microbion technology that helps the serum made from natural ingredients penetrate and get absorbed by the skin.
  • They have three types of masks on offer namely: the Dry mask, Bamboo charcoal peel-off mask, and lace your face masks.

Competitors Of Dermovia:

This company has many competitors:

  • Lumi pillar
  • Skin mask
  • East soap
  • Sisley Paris
  • Latisse
  • Sarah Brooke cosmetics
  • Rejuva Skincare and many more.

What is the net worth of Dermovia?

When the company entered the pitch the business was valued at $3.5 million. After the deal with Lori, the company has seen a valuation of $2.33 million, and now the sales have increased making the valuation higher.

Is Dermovia still in business?

The company is very successful in what it is doing and has expanded with the agreement done with Lori on the shark tank. It has seen itself expand into many stores and sell online successfully. The company is said to have performed better than the expectations of its founders. It hopes to grow and revolutionize the skin and beauty industry one face at a time. 

They have developed many products up to date and still are developing new ones for their consumers. The product has introduced dry masks which are sold online and on amazon. Let’s where does their goal take them as a business.

Dermovia social links:

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FAQs:

What is Dermovia?

Dermovia is a Lace beauty serum face mask. This company has come up with a unique and excellent technology that helps you do your everyday activities with it on and changes the quality of your skin with every use.

Who founded Dermovia?

The two visionaries of the product Dermovia’s lace the face mask are true pioneers in the field of skin and beauty and have educated themselves to create the business they own. They say we have put our heart and soul into the rejuvenating, exfoliating, and calming concoctions on offer.

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