Yellow Leaf Hammocks is an eco-friendly socially conscious company based in San Francisco, CA that sells brightly colored, one-of-a-kind cotton hammocks that are handwoven in Thailand by female members of the Mlabri Tribe. The tribe is known as “the people of the yellow leaf.” The outdoor hammock holds three people and retails for $199.
The two American founders of Yellow Leaf Hammocks, Joe Denim and Rachel Connors, pitched their business on Season 11 of Shark Tank. They went into the Tank seeking an investment of $400,000 in exchange for 7 percent equity.
They received three offers: Robert Herjavec ($400k for 15 percent), Lori Grenier ($200k for 7% with a promise to fund all purchase orders), and accepted guest Shark, Kind Snacks founder Daniel Lubetzky’s offer of $1 million for 25 percent. [Related: 27 Favorite ‘Shark Tank’ Products at Amazon]
When the Shark Tank episode originally aired on May 15, 2020, Lubetzky wrote that he was “thrilled” to close the deal with Yellow Leaf Hammocks and “can’t wait to help them scale their impact and make hammocks a staple in American homes.” Things continue to go well for the company — and you can learn more about the Yellow Leaft weavers and the product choices here.
This Shark Tank Season 11 episode is re-airing on Friday, July 10 at 8 pm on ABC.
