Magic 5 Goggles, What Happened To the Magic 5 Goggles After The Shark Tank

What Happened To the Magic 5 Goggles After The Shark Tank

There are lots of things that a person has to adjust and gets adjusted to when spending his / her life. Thanks to the technology, the customization comes as a gift. The swimming goggles are one of those things that come with customization. The Magic 5 company has been able to invent a goggle that matches the user’s face by 100%.

What is Magic 5?

The magic 5 is a company that manufactures and distributes Goggles on a custom-fit basis. It means, among hundreds of world brands, Magic 5 is the best as they design goggles uniquely for different faces. Along with the 3D printing technology, and artificial intelligence, users get to enjoy a goggle that fits 1005 to their faces.

The magic five goggles are the first of their kind that has the habit of fitting to users’ faces 100%. The Magic 5 Goggles Company uses various algorithms to provide a unique product to each customer along with the perfect matching.

Magic 5 goggles review

Who is the founder of Magic 5

Bo Haaber from Brooklyn, New York, and Rasmus Barfred from charlotte, North Carolina, are the first two founders of Magic 5 company. Rasmus is the Nephew of Bo as well. Both founders were swimmers who just got satisfied with swimming in a typical manner. When it comes to their third founder, Nicholas Granet, he was a national swimmer in the Danish team as well.

All these three swimmers tried to find out a way to produce a significant goggle. These there started with apps to scan faces and determine the shape of various faces. They ended up establishing a firm with $100,589 funding.

What happened at the Shark Tank?

The founders of the magic five firm, Bo and Rasmus, want to have more investment from Shark. What they seek is money lending from Sharks to find more solutions as perfectly fitting goggles for the swimmers. Bo and Rasmus took part in the Shark tank looking for 500,000 USD for 2.5%. These two guys want to put their goggles on every swimmer as well.

Magic 5 shark tank update

Bo and Rasmus explained that they had been able to reach more than 40,00 customers around the world. Among that massive customer range, there are pro swimmers, celebrities, athletes, and various parties that a marketing strategy would not even think of. After the statements and clarifications by magic 5 founders were over, sharks started a bidding war which showed Robert, a shark, to be more interested than other Sharks.  

What happened to the Magic 5 after the Shark Tank?

The bidding war ended up giving Robert the authority to invest and lend money for Magic 5. Also, the accepted offer was $1 million for 6.5%. According to various resources, Mark and Nirav will make offers as well. It means, shortly, Sharks will start to swim with the Magic Five goggles on.

also read:  innovative eye-protective wear ” New Eye Company” 

What is The Magic 5 goggles net worth?

At the end of 2021, Magic Five Net worth has recorded as $5.96 million. According to some reliable sources, that can be as high as $8.35 million. Although magic five has been able to earn $1.49 this far, it will increase this year onwards tanks to its new investor.

Competitors off Magic 5

Among the competitors of Magic 5 company, the Cressi, Speedo, and Swimmers supply companies are crucial. Although these companies rush with the innovative technology, the magic 5 company has got the innovation as well as funding far beyond anyone.

FAQ

What is the magic five?

The Magic 5 is an innovative face-matching goggle manufacturing company that is also the first of its kind.

Who owns Magic 5 goggles?

Magic 5 Google sis owned by Ba Haaber, Rasmus barfred, nichloasBranet, and Robert Herjavec.

how much are the magic 5 goggles?

There are two prices for the magic five goggles. The customized goggles will be priced at $55 while uncustomized goggles will be priced at $14.

How much is the magic 5 company worth?

The approximate worth of the company is about $5.96 million.

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