Repaint Tray (also known as Repaint Studios) is a reusable paint tray that eliminates the waste of disposable trays. Founder Billie Asmus landed a deal with Barbara Corcoran, Chip Gaines, and Joanna Gaines.
What Is Repaint Tray?
Repaint Tray is a reusable paint tray system designed to replace the billions of disposable paint trays that end up in landfills every year. The product is easy to clean and built to last through hundreds of painting projects.
The Shark Tank Pitch
Billie Asmus initially sought $250,000 for 5% equity. The pitch attracted significant interest from multiple Sharks.
The Deal
Barbara Corcoran, Chip Gaines, and Joanna Gaines invested $250,000 for 15% equity, tripling the equity from the original ask but bringing three powerhouse partners to the business.