BoxLock Net Worth 2023 Update (Before & After Shark Tank)

BoxLock-Shark-Tank-US-Net-worth

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
Profits
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
SharksN/A
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

YearAccomplishment
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.

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.

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