Benjilock, a fingerprint padlock, was started by Robbie Cabral in 2013. As of August 2023, Benjilock’s net worth is $5 million, and they’re pulling in a whopping $4.5 million in annual revenue.
In October 2017, they appeared on Season 09 of Shark Tank USA and made a deal with Kevin O’Leary, $200,000 for 15% equity. The final valuation was $1.3 million, down from the founder’s initial estimate of $2 million.
Benjilock is operating and brings in around $4.5 million in revenue annually. You can buy Benjilock products online through their website and on Amazon.
Benjilock Net Worth
|Net worth||$5 million|
|Annual Sales Revenue||$4.5 million|
|Lifetime Sales||$50 million|
|Shark Tank Investor||Kevin O’Leary|
Benjilock Net Worth Timeline
|Net Worth 2023||$5 million|
|Net Worth 2022||$5 million|
|Net Worth 2021||$4.5 million|
|Net Worth 2020||$4 million|
|Net worth valuation 2017 after appearing on Shark Tank||$1.3 million|
|Net worth valuation 2017 before appearing on Shark Tank||$2 million|
Benjilock Pitch on Shark Tank
|Product||Hybrid technology padlock that opens by key or fingerprint|
|Episode||Season 09 Episode 04|
|Asked for||$200,000 for 10% Equity|
|Final deal||$200,000 for 15% Equity|
|Location||Los Angeles, California, USA|
Benjilock was founded by Robbie Cabral in 2013. Robbie Cabral has received the CES Innovation Award five times. It’s the first padlock to combine traditional design with fingerprint technology. Benjilock’s founder, Robbie Cabral, has a net worth of 1.5 million USD as of 2023.
|2017||The company appeared on Shark Tank Season 09 and got the deal from Kevin O’Leary|
|2021||In 2021, Robbie Cabral unveiled the BenjiLock Fingerprint Bike Lock, which received the 2021 Twice Picks award for innovation at CES|
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Benjilock and its continued success.