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Jun 20, 2024 · Result: $500,000 for 15% equity. Shark: Lori Greiner. Matt and Melissa Hammersley entered Shark Tank seeking $500,000 in exchange for a 10% equity. They showcased their voice-activated storytelling app to the sharks by reading a children’s story titled “Novel Effect Goes To Shark Tank .”.
Dec 1, 2023 · As of April 2024, Novel Effect’s net worth is $4.1 million. They’re pulling in a whopping $4.2 million in annual revenue. In October 2017, they appeared on Season 09 of Shark Tank USA and made a deal with Lori Greiner for $500,000 for 15% of equity.
May 19, 2024 · Episode 906 of Shark Tank saw Melissa and Matt pitch their voice-activated storytelling program. They were looking for a Shark who could assist them in the monetization of Novel Effect. The founders were asking for $500,000 against 10% equity in Novel Effect.
Oct 25, 2023 · Explore the intriguing financial journey of Novel Effect, as this article delves into its net worth. Discover how this innovative company has grown financially through strategic decisions and investments.
Jan 28, 2024 · Discover how Novel Effect's Shark Tank appearance spurred its growth, from securing a pivotal deal with the Sharks to expanding into educational spaces.
Equity: 15%. Amount: $500,000. Value: $3,333,333. Bite: -$1,666,666. Novel Effect is a company from Seattle, WA, that has created an app that provides reactions to stories read aloud. It adds a multimedia experience to stories by providing sound effects and music to go along with the words.
Seattle-based Novel Effect is the leader in voice-driven media and entertainment. Through the use of voice, Novel Effect’s products blend physical and digital worlds to create immersive and interactive experiences across books, video and games.
Novel Effect Inc produces an app which plays sound effects for children's storybooks as they are read aloud. The company is based in Seattle, WA. Company profile page for Novel Effect Inc...
Information on valuation, funding, cap tables, investors, and executives for Novel Effect. Use the PitchBook Platform to explore the full profile.
Novel Effect has raised a total of. $3.1M. in funding over 5 rounds. Their latest funding was raised on Mar 27, 2023 from a Venture - Series Unknown round. Novel Effect is funded by 10 investors. Project Voice Capital Partners and Amazon Alexa Fund are the most recent investors. Unlock for free.
