Psi Bands Net Worth 2023 Update  (Before & After Shark Tank)

PsiBands-Shark-Tank-US-Net-worth-Update

Psi Bands, an Acupressure band for nausea relief, was started by Romy Taormina on November 4, 2007. As of September 2023, Psi Bands net worth is $3.5 Million and they’re pulling in a whopping $5 Million in annual revenue.

On March 1, 2013, they appeared on Season 4 of Shark Tank USA seeking $250,000 for 10% equity valuing the company at $2.5 Million. But the Sharks were not interested in investing in Psi Bands. Kevin was interested and offered Romy the $250,000 for 40% but Romy Taormina refused the offer.

Psi Bands is still in business as of August 2023. They are selling their products through retailers such as on the website and Amazon.

Psi Bands Net Worth

Net worth$3.5 Million (2023)
Annual Sales Revenue$5 Million (2022)
Profits
Lifetime sales
InvestorNo deal
FounderRomy Taormina
Employees25

Psi Bands Net Worth Timeline

Net Worth 2023$3.5 Million
Net Worth 2022$2.5 Million
Net Worth 2021$1.5 Million
Net Worth 2020$1 Million
Net worth valuation in 2013 before appearing on Shark Tank  $2.5 Million

Psi Bands Pitch on Shark Tank

Company namePsi Bands
ProductAcupressure band for nausea relief
EpisodeSeason 04 Episode 18
FounderRomy Taormina
Asked for$250,000 for 10% equity
Final dealNo deal
Sharks
LocationUSA

Psi Bands Founder

Psi Bands was founded by Romy Taormina in 2007. Taormina created PSI bands during her pregnancy. She wanted to stop the nausea relief of women when they are pregnant. Psi Bands’s founder, Romy Taormina, has a net worth of $2.5 Million as of 2023.

Key accomplishments

YearAccomplishment
2023Psi Bands had deals with Target, CVS, REI
2018Psi Bands is committed to making a positive difference in people’s health
2013Romy Taormina pitched her product on Shark Tank.

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spretz and its continued success.