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|
|Shark Tank Investor||N/A|
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
|Product||Smart technology padlocks|
|Episode||Season 10 Episode 01|
|Asked for||$1,000,000 for 5% equity|
|Final deal||No deal|
|Location||Atlanta, Georgia, United States|
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 founder, Brad Ruffkess, has a net worth of 12 million USD as of 2023.
|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.|
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.