Eco Flower, founded by Meagan Bowman, appeared on Shark Tank in 2016, offering eco-friendly floral bouquets made from sustainable materials like recycled wood. Though Bowman struck a deal with Daymond John for $400,000 in exchange for 20% equity, the deal ultimately fell through.
Despite initial success with over $7 million in sales by 2016, the company faced severe management issues after being acquired by JW Capital.
These challenges led to the company’s closure in 2018. Eco Flower’s story remains a cautionary tale, with a last known valuation of $8 million before its downfall
Eco Flower Net Worth
| Estimated Net worth | $8 million ( Before Downfall) |
| Annual Sales Revenue | Not Disclosed |
| Profits | Not Disclosed |
| Lifetime sales | $2.8 million (When 1.5 year after start the company) |
| Investor | Daymond John |
| Founder | Meagan Bowman |
| Employees | 120 employees (According to PitchBook) |
Eco Flower Pitch on Shark Tank
| Company name | Eco Flower |
| Product | Scented flowers made out of recyclable materials |
| Episode | Season 08 Episode 07 |
| Founder | Meagan Bowman |
| Asked for | $400,000 for 10% equity |
| Final deal | $400,000 for 20% equity |
| Shark | Daymond John |
| Location | Ogden, Utah, USA |
Don’t miss these product from Season 08
Eco Flower Founder
Eco Flower was founded by Meagan Bowman in 2013. She initially launched the business from her home and later brought in a business partner named Alex Ledoux. As time passed, more partners joined. The plan was for a silent partnership with a local investment firm called JW Capital. However, things didn’t go as expected, and she believes their involvement led to the downfall of Eco Flower. Eco Flower’s founder, Meagan Bowman, has a net worth unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2016 | The company appeared on Shark Tank Season 08 and got the deal from Daymond John |
| 2015 | Within only 1.5 years, her website generated an impressive $2.8 million in sales |
| 2018 | When the company shut down, it earned lifetime sales of $7.2 million |
Conclusion
Some companies that appear on the show have not achieved great success, and the Eco Flower was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Eco Flower went out of business in April 2018. And the product is no longer available in the market.