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 Investor | N/A |
| Founder | Brad Ruffkess |
| Employees | 25 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 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 |
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 founder, Brad Ruffkess, has a net worth of 12 million USD as of 2023.
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.