Essence Shark Tank

Aromatherapy Ring

Essence Shark Tank

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Table of Contents

The Essence Aromatherapy Ring is a soft, medical-grade silicone ring infused with high-quality essential oils. Designed to sit comfortably at the base of your nose, it delivers a personal aromatherapy experience without drawing attention. Each ring provides up to five hours of scent and can be refreshed up to 30 times with additional essential oils.   

Origins

Michael DeLeeuw conceived the idea for Essence during a business trip in 2017, where he endured unpleasant odors on a long flight. Recognizing the need for a discreet way to enjoy pleasant scents, he collaborated with his wife, Tamara DeLeeuw, and her brother, Judah Houser, to develop the Essence ring.

Essence Shark Tank

Summary

Essence, a nasal diffuser ring infused with essential oils, offers a discreet solution to unpleasant odors and stress. Entrepreneurs Judah Houser, Tamara and Mike Deleeuw sought $250,000 for 10% equity.

Judah, Tamara, and Mike secured a deal with Daymond John for $250,000 for 20% equity.

After its appearance on Shark Tank, Essence broadened its product line to offer a variety of scent options and accessories such as travel cases and soaking bays. Additionally, the company increased accessibility by making its products available on its website, Amazon, and Etsy.

Shark Summary

Daymond John
Accepted offer of $250,000 for 20% equity
Kevin O’Leary
$250,000 for 10% equity and $0.50 royalty per unit sold in perpetuity
Mark Cuban
$250,000 for 20% equity
Barbara Corcoran
$250,000 for 25% equity
Lori Greiner
No offer

Essence Shark Tank Experience

Essence Shark Tank Pitch

In their Shark Tank pitch, the Essence team sought $250,000 for 10% equity. The product impressed the sharks with its simplicity and potential, leading to multiple offers. Ultimately, they accepted Daymond John’s offer of $250,000 for 20% equity.

Pitch Summary

Season and Episode
Season 16, Episode 17
Air Date
April 18, 2025
Entrepreneurs
Judah Houser, Tamara and Mike Deleeuw
Product
Essence Aromatherapy Ring is a flexible, medical-grade silicone ring infused with essential oils, designed to sit discreetly at the base of the nose, providing a personal aromatherapy experience.
Investment Sought
$250,000
Equity Offered
10%
Valuation
$2.5 million
Initial Sales
2024 Sales (Year-To-Date): $500,000. 2024 Sales (Projected): $700,000. 2023 Sales: $350,000. Retail Price: $4.99. Manufacturing Price: $0.27.
Retail Plans
Essence plans on into more online retail stores past just their website and increasing the scent options they have available.
Final Deal
Daymond John offered $250,000 for 20% equity, which was accepted.

*After the filming of a Shark Tank episode, investments are subject to thorough audits and evaluations. During this time period, the terms of the investment can be altered or canceled by either party. As a result, the deals presented on the show may not always come to fruition for various reasons. This site does not guarantee the accuracy of any final investment figures.

Business Growth and Impact

Since appearing on Shark Tank, Essence has expanded its product line and distribution channels. They’ve partnered with over 175 spas and hotels, integrating the rings into wellness treatments and guest experiences.  The company has also achieved significant sales growth, with revenues reaching $500,000 year-to-date at the time of their pitch.

Essence Shark Tank

Product Features and Benefits

  • Discreet Design: Worn under the nose, it’s nearly invisible to others.
  • Variety of Scents: Options include lavender, lemon, peppermint, and custom blends like “Breathe Easy.”
  • Reusable: Each ring can be refreshed up to 30 times with additional essential oils.
  • Portable: Ideal for use in various settings, from offices to airplanes.
Essence Shark Tank

Final Thoughts

The Essence Aromatherapy Ring exemplifies how a simple idea can address everyday challenges, offering a convenient way to enjoy the benefits of aromatherapy. Its success on Shark Tank and subsequent growth highlight the product’s appeal and effectiveness in enhancing personal well-being.

Essence

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FAQs

What is the Essence Aromatherapy Ring?

It’s a soft, medical-grade silicone ring infused with essential oils, worn at the base of the nose to provide personal aromatherapy and mask unpleasant odors.

How long does each Essence Ring last?

Each ring offers up to five hours of scent and can be refreshed up to 30 times using additional essential oils.

What scents are available for Essence?

Scents include lavender, lemon, peppermint, and custom blends like “Breathe Easy.”

Where can I purchase Essence rings?

They are available on the official Essence website, Amazon, and Etsy.

Did Essence secure a deal on Shark Tank?

Yes, they received a $250,000 investment from Daymond John for 20% equity.