Pully Palz were stuffed animals that featured a pulley system to hold pacifiers. The company appeared on Shark Tank in 2015 and received an investment from Lori Greiner for $100,000 in exchange for 28% equity. Since then, the company has gone bankrupt and is no longer in operation. In this article, we will explore what happened to pully palz and why they went out of business.
PullyPalz was an innovative pacifier storage solution that was featured on the hit TV show Shark Tank in 2015. Invented by Julie Thompson, the product was a stuffed animal that included a pulley system to hold a child’s pacifier or teether. The unique design helped parents avoid losing their child’s pacifier or teether by keeping it within reach at all times.
The stuffed animals were available in various characters and were highly rated on Amazon. The company saw significant growth in sales after appearing on the show and was able to secure an investment from Lori Greiner for $100,000.
Robert Herjavec was not interested in investing in the company because he felt that there were clip products on the market that were far less expensive than the Pully Palz. Kevin O’Leary also declined to invest because he did not believe that the product would perform well in stores.
Pully Palz enjoyed years of success before going bankrupt in 2017. Founder Julie Thompson left her position as president of the company in 2017 and has since moved on to other commitments. She is expected to return with another exciting technology concept in the future.