Tabby dating app Net Worth 2024 Shark Tank Update
Tabby dating app’s net was $1 million in 2021 based on the Shark Tank deal. In 2020, the company made $43,000 in annual sales. By the time of the pitch, they had a monthly income of $7000. In October 2021, they appeared on season 13 of Shark Tank USA and made a deal with Kevin O’Leary for $300,000 for 30% equity. The final valuation was $1 million, down from the founder’s initial estimate of $1.5 million.
The appearance on the show and landing on a deal gave more exposure to Tabby dating app. However, the company has not disclosed any financial figures following the show. It is also unclear whether the deal made with Kevin came into effect. Tabby teamed up with its sister company, Dig after Shark Tank. But, the app became inactive after a couple of years.
Tabby’s Instagram handle has not been updated since the latter part of 2022, and they do not have a functioning website. According to the founders’ LinkedIn profiles, Tabby is now out of business.
Read what happened to Tabby dating app’s worth and net worth update in brief here.
Tabby dating app Net Worth
Net worth | $1 million (2021) business valuation |
Annual Sales Revenue | $43,000 (2020) |
Profits | Not available |
Lifetime sales | Not available |
Investor | Kevin O’Leary |
Founders | Leigh D’Angelo and Casey Isaacson |
Employees | – |
Tabby dating app sales and revenue
There is limited information regarding the sales and revenue of this company. The owners pitched the Tabby dating app at Shark Tank for $300,000 for 20% equity, which valued the company at $1.5 million. However, they accepted Kevin’s offer, which declined the company’s valuation to $1 million. According to the owners, in 2020, the company made $43,000 in annual revenue, and by the time of the pitch in 2021, their monthly sales were around $7000.
Net worth timeline
Net Worth 2024 | Out of business |
Net Worth 2023 | Out of business |
Net Worth 2022 | Not disclosed |
Net Worth 2021 | $1 million |
Net worth valuation in 2021 after appearing on Shark Tank | $1 million |
Net worth valuation in 2021 before appearing on Shark Tank | $1.5 million |
How much did Kevin O’Leary make from Tabby dating app?
Despite an interesting pitch, Sharks were concerned about investing in Tabby. Nevertheless, Kevin decided to support investing $300,000 in 30% equity. His success in investing in BasePaws, a cat health company, was also a main reason for Kevin’s investment. Unfortunately, Tabby could not see much success following the show. Also, it is unclear what happened to the deal afterward.
Competitors of the Tabby dating app?
There are apps that are similar to Tabby, making it easier for cat lovers to find their perfect match. Some of them are Kitty Nip and FetchaDate.
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Tabby dating app Shark Tank Update
Company name | Tabby dating app |
Product | A dating app for cat lovers |
Episode | Season 13 Episode 04 |
Founders | Leigh D’Angelo and Casey Isaacson |
Asked for | $300,000 for 10% equity |
Final deal | $300,000 for 30% equity |
Shark | Kevin O’Leary |
Location | Brooklyn, New York |
Even though this app gained more attention after the show; unfortunately it could not survive long in the market. The company is no longer active in business.
About Tabby dating app
Tabby is the perfect app for cat people. According to the company, this app creates a feline-friendly dating community where all cat lovers can find their perfect match. It helps cat owners connect with one another, plan cat-friendly dates, and have a wonderful experience. The app was officially launched on August 8, 2020, and was available on Play Store and the Apple Store.
Tabby dating app Founders
Cat people certainly have unique lifestyles. Leigh. D’Angelo, who invented the Dig app, an online platform connecting dog owners, realized a similar app would also be helpful for cat owners. Leigh is a news reporter and communications strategist by profession; besides, she is also an ambitious entrepreneur. Leigh started the Tabby app with the help of Casey, who was a Freelance art director.
FAQs
The Tabby app is a dating app created for cat lovers to find suitable partners with similar interests.
Based on their pitch in 2021, the company’s net worth was $1 million.
During its first financial year, 2020, the company made $43,000 in annual revenue.
Yes, the company made a deal with Kevin O’Leary for $300,000 for 30% equity.
No, they went out of business in 2023.