BoxLock, a Smart technology padlock, was started by Brad Ruffkess in 2017. As of August 2023, BoxLock’s net worth is $17 million, and they’re pulling in a whopping $13 million in annual revenue. 

In October 2019, they appeared on Season 10 of Shark Tank USA, seeking $1,000,000 for 5% equity, valuing the company at $20 million. The sharks started asking Brad how much delivery drivers knew about the product. When he couldn’t provide a clear answer, they switched to figuring out why the company was valued at $20 million.

Even though the company didn’t get a deal on the show, it’s still running. You can mostly find smart technology padlocks for sale online

BoxLock Net Worth

Net worth$17 million
Annual Sales Revenue$13 million
Lifetime Sales
Shark Tank InvestorN/A
FounderBrad Ruffkess
Employees25 employees

BoxLock  Net Worth Timeline

Net Worth 2023$17 million
Net Worth 2022$20 million
Net Worth 2021$13 million
Net Worth 2020$12.5 million
Net worth valuation 2019 before appearing on Shark Tank  $20 million

BoxLock  Pitch on Shark Tank

Company nameBoxLock 
ProductSmart technology padlocks
EpisodeSeason 10 Episode 01
Founder Brad Ruffkess
Asked for$1,000,000 for 5% equity
Final dealNo deal
LocationAtlanta, Georgia, United States

BoxLock  Founder

BoxLock was founded by Brad Ruffkess in 2017. Brad Ruffkess is a dynamic entrepreneur known for his role as the founder and CEO of BoxLock. He is recognized for his high-energy leadership style and track record in building successful brands and businesses. BoxLock’s founderBrad Ruffkess, has a net worth of 12 million USD as of 2023.

Key accomplishments

2018In early 2018, the business found success by running a Kickstarter campaign, raising just over $54,000.
2021In 2021, they changed their focus to become the top platform for controlling access in the supply chain worldwide.


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 BoxLock and its continued success.

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