Nampons is a small sterile insert that expands inside the nose to help blood clot more quickly, solving nosebleeds in minutes. Founder Joshua Lippiner secured a deal with Robert Herjavec and Michael Strahan.
What Is Nampons?
Nampons is a nosebleed solution made from a material that expands once placed in the nose. The pressure helps blood clot more quickly, providing a clean, effective alternative to tissues and cotton balls.
The Shark Tank Pitch
Joshua Lippiner sought $350,000 for 5% equity, valuing the company at $7 million.
The Deal
Robert Herjavec and Michael Strahan invested $350,000 for 10% equity plus a $0.10 royalty per piece sold until they recoup $350,000.