In 2018, Brad Ruffkess introduced BoxLock. Box Lock is a smart padlock designed to prevent package theft. Owners appeared on Shark Tank, seeking $1 million for 5% equity but left without a deal.
Despite this, BoxLock secured $4.5 million in funding from former executives at DHL, Pitney Bowes, Amazon, and Microsoft.
In 2025, the company has an estimated net worth of $17 million, generating approximately $13 million in annual revenue.
BoxLock has expanded its product line to include barcode scanners, GPS trackers, and Bluetooth Asset Gateways, and continues to operate, offering its products online and through various retail partners.
BoxLock Net Worth
| Net worth | $17 million (2025) |
| Annual Sales Revenue | $13 million (2025) |
| Profits | Not available |
| Lifetime Sales | Not available |
| Shark Tank Investor | None |
| Founder | Brad Ruffkess |
| Employees | 25 employees |
BoxLock Pitch on Shark Tank
| Company name | BoxLock |
| Product | Smart technology padlocks |
| Episode | Season 10 Episode 01 |
| Founder | Brad Ruffkess |
| Asked for | $1,000,000 for 5% equity |
| Final deal | No deal |
| Sharks | N/A |
| Location | Atlanta, Georgia, United States |
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BoxLock Founder
Brad Ruffkess founded BoxLock in 2017. Brad Ruffkess is a dynamic entrepreneur. He is recognized for his high-energy leadership style and track record in building successful brands and businesses. BoxLock’s founder, Brad Ruffkess, has a net worth of 12 million USD as of 2025.
Key accomplishments
| Year | Accomplishment |
| 2018 | In early 2018, the business found success by running a Kickstarter campaign, raising just over $54,000. |
| 2021 | In 2021, they changed their focus to become the top platform for controlling access in the supply chain worldwide. |
Conclusion
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.
