Long Wharf Supply Co. – Sustainable Knitwear On Shark Tank Season 13
Featured on Shark Tank
Long Wharf Supply Co. – Sustainable Knitwear On Shark Tank
Long Wharf Supply Co. creates sustainable knitwear using recycled ocean plastic and oyster shells. Their products are environmentally friendly and stylish, contributing to the reduction of ocean waste and promoting sustainable fashion practices.Summary:
- Company Name: Long Wharf Supply Co.
- Founders: Mike Lamagna, Lauren Lamagna
- Founded: 2018
- Product: Sustainable knitwear
- Asked For: $375K for 15% equity
- Final Deal: No deal
- Season/Episode (Shark Tank USA): Season 13, Episode 2
- Business Status: In Business
- Headquarters: Newport, Rhode Island, USA
- Lifetime Worth (Sales): Estimated $1M
- Investors: None
- Go To Amazon: Buy Now
- Watch On: Amazon Prime
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Description
Long Wharf Supply Co. – Sustainable Knitwear On Shark Tank
Long Wharf Supply Co.’s mission to create eco-friendly fashion while supporting ocean conservation continues to resonate with consumers, allowing the company to grow its business and impact despite not securing a Shark Tank deal.
Here is a concise summary of Long Wharf Supply Co.’s appearance on Shark Tank Season 13:
Long Wharf Supply Co. on Shark Tank
- Entrepreneurs: Mike and Lauren Lamagna
- Business: Sustainable fisherman’s sweaters made from a blend of recycled oyster shells, recycled water bottles, and natural fibers
- Ask: $375,000 for 15% equity
- Pitch: The Lamagna siblings pitched their unique, eco-friendly sweaters that help reseed oyster populations to clean up waterways. Each sweater reseeds about 30 oysters.
- Shark Reactions: The Sharks were impressed by the product quality and mission, but had concerns about the high customer acquisition costs and Mike’s 100% ownership, with no equity for Lauren. No deal was made.
Long Wharf Supply Co. After Shark Tank
- Continued Operations: Long Wharf Supply Co. continued growing its business after Shark Tank, focusing on its direct-to-consumer sales.
- Estimated Valuation: As of 2024, Long Wharf Supply Co. has an estimated net worth of $3 million.
- Partnerships: The company partners with conservation groups to help restore oyster populations. To date, they have helped reseed over 70,000 oysters, which naturally filter 3.5 million gallons of seawater every day.
- Product Expansion: In addition to their signature fisherman’s sweaters, Long Wharf Supply Co. has expanded into other sustainable knitwear and accessories.
