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Everlywell Shark Tank Update

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Today, in the 21st century we get nearly everything to our doorstep. Right from grocery to the wholly cooked meal. And now medicinal assistance too. Just think how convenient it will be if you are connected to an independent healthcare provider via your home.

You can get the best medical prescriptions sitting at your home. Everlywell is a platform that offers health and wellness solutions, their service also includes laboratory testing for wellness monitoring and informational and educational purpose.

However, this platform limits itself to some tests. The tests are not meant to treat a disease or diagnose it, or in any case, Everlywell does not intend on substituting professional advice, help, diagnosis, or treatment.

Everlywell does not provide professional medical advice but it connects you to one. One can choose a Pharmacy of their own choice for prescriptions. It is a consumer health testing company that connects you to at-home lab tests.

Everlywell at a Glance-

IdeaMaking lab testing and medical advice easier and accessible to everyone in their home space.
FoundersJulia Cheek
Asked For$1,000,000 for 5%
Accepted Deal$1,000,000 line of credit at an 8% interest rate in exchange for a 5% stake.
SharksLori Greiner
Business statusIn Business
Episode No.Season 9, Episode 12
Buy on AmazonBuy Now!

Index:

What is Everlywell?

Introducing Everlywell – the at-home health testing company that’s revolutionizing the way we approach our health. With Everlywell, you can take charge of your health from the comfort of your own home. Say goodbye to long waits at the doctor’s office and hello to convenient and affordable testing that’s just a few clicks away.

But that’s not all, Everlywell offers a wide range of tests for everything from food sensitivities and allergies to STDs and fertility. The tests are easy to use, with clear instructions and results that are delivered online in just a few days.

Whether you’re looking to manage a chronic condition, monitor your fertility, or just gain a better understanding of your overall health, Everlywell has a test for you. So, if you’re ready to take control of your health, join the thousands of satisfied customers who have already made Everlywell a part of their health routine.

Founder Story:

Julia Cheek is the founder and CEO of Everlywell. She founded the company in 2015 on her own experience. Being sick Julia found it difficult to navigate proper testing labs. She spent thousands of dollars and hours on doctors’ appointments.

After spending so much time and money Julia realized that there should be an easier and cheaper way to face all of this. With her background in MBA from Harvard Business School, she started a platform that would provide at-home medical test kits. A home laboratory that could help people get tests done easily.

Did Everlywell get a deal on Shark Tank?

Yes, Everlywell did get a deal on Shark Tank. The founder presented her pitch and asked for $1 Million in exchange for 5% of equity. After explaining the sales Mark Cuban was the first to get off as it would cost too much and So did Barbara and Robert. 

Rohan Oza liked the idea but for him, a $1 Million investment would get diluted rapidly so he is out.  In the end, it was Lori who seemed interested and praised the idea and concept.

See also  Q Flex Shark Tank Update

She offered Julia, a $1 Million line of credit at 8% interest, for 5% equity in the company. The Everlywell founder, Julia Cheek accepted the offer and cracked a deal on the show.

What Happened to Everlywell after Shark Tank?

After the show Everlywell associated with many other companies like Helix. They also received funding from different companies like Goodwater Capital. Records state that the company had made $65 Million in sales till 2020, two years later. Before shark tank, it had done $2.5 Million in sales.

The valuation of the company during the pitch was $20 Million and remained the same after the deal.  Its valuation in December 2020 was $1,300 Million.

The products that Everlywell provides are for General Wellness, Nutrition Health, Sexual Health, Women’s Health, Mean’s Health, Vitamins+ Supplements, Covid-19, and many others.

Since its appearance on Shark Tank, Everlywell has continued to grow and expand its product offerings. Everlywell has also partnered with a number of well-known brands and organizations to bring its testing services to a wider audience. For example, the company has partnered with the American Medical Association to provide at-home COVID-19 testing to patients in need.

In addition to its funding, Everlywell has also continued to receive awards and recognition for its innovative approach to at-home health testing. The company was named one of Fast Company’s Most Innovative Companies in 2020, and was also recognized as one of Fortune’s Best Workplaces in Health Care & Biopharma.

In addition to its partnerships, Everlywell has continued to develop and improve its testing technology. The company now offers over 30 different at-home health tests, including tests for vitamin deficiencies, thyroid function, and heart health.

Overall, Everlywell’s appearance on Shark Tank helped to bring attention to the company’s innovative approach to at-home health testing. Since then, Everlywell has continued to grow and expand its reach, making it easier than ever for people to take charge of their health from the comfort of their own homes.

Competitors

  • LetsGetChecked
  • Socrates Health Solutions
  • Thriva
  • Everly Health
  • Healthcaresystems Co. LTD.

What is the net worth of Everlywell?

The net worth of Everlywell during the pitch was $20 Million. Today it is estimated to be $110 Million. n 2019, the company raised $50 million in a funding round led by Goodwater Capital, and in 2020, the company raised an additional $175 million in funding.

Is Everlywell still in Business?

Yes, Everlywell is still in business and thriving since its appearance on Shark Tank. The company has continued to expand its product offerings and partnerships, and has become a leader in the at-home health testing industry.

In addition to its funding, Everlywell has also continued to receive awards and recognition for its innovative approach to at-home health testing. The company was named one of Fast Company’s Most Innovative Companies in 2020, and was also recognized as one of Fortune’s Best Workplaces in Health Care & Biopharma.

Overall, Everlywell’s appearance on Shark Tank helped to bring attention to the company’s innovative approach to at-home health testing. Since then, the company has continued to grow and expand, and is now a well-established player in the health and wellness industry.

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FAQs:

What is Everlywell?

Everlywell is a platform that offers health and wellness solutions, their service also includes laboratory testing for wellness monitoring and informational and educational purpose.

What's the net worth of Everlywell ?

The net worth of the company during the pitch was $20 Million. Today it is estimated to be $110 Million.

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