Brake Free Net Worth 2023 Update (Before & After Shark Tank)
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Brake Free, Brake lights for the back of a motorcycle helmet, was started by Henry Li and Alex Arkhangelskiy in 2014. As of November 2023, Brake Free net worth is $1.5 Million and they’re pulling in a whopping $3.9 million annual revenue.
On December 11, 2020, they appeared on season 12 of Shark Tank USA and made a deal with Robert Herjavec and Mark Cuban, for $200,000 for 20% equity. The final valuation was $1 Million, down from the founder’s initial estimate of $2 Million.
The brightest smart high visibility helmet brake light, Brake Free is still in business. Their products are available to purchase on the official website.
Brake Free Net Worth
Net worth | $1.5 Million (2023) |
Annual Sales Revenue | $3.9 million (2022) |
Profits | |
Lifetime sales | $4 million (2023) |
Investors | Robert Herjavec and Mark Cuban |
Founders | Henry Li and Alex Arkhangelskiy |
Employees | 10 to 20 |
Brake Free Net Worth Timeline
Net Worth 2023 | $1.5 Million |
Net Worth 2022 | $1.3 Million |
Net Worth 2021 | $1.1 Million |
Net Worth 2020 | $800,000 |
Net worth valuation in 2020 after appearing on Shark Tank | $1 Million |
Net worth valuation in 2020 before appearing on Shark Tank | $2 Million |
Brake Free Pitch on Shark Tank
Product | Brake lights for the back of a motorcycle helmet |
Episode | Season 12 Episode 08 |
Founders | Henry Li and Alex Arkhangelskiy |
Asked for | $200,000 for 10% equity |
Company name | Brake Free |
Final deal | $200,000 for 20% equity |
Sharks | Robert Herjavec and Mark Cuban |
Location | Broomfield, Colorado, United States |
Don’t miss these products from Season 12
Brake Free Founders
Brake Free was founded by Henry Li and Alex Arkhangelskiy in 2014. The founders are very passionate. They want to make bicycle riders safe with these technologies. Brake Free’s founders, Henry Li and Alex Arkhangelskiy, have a net worth of $1.5 million as of 2023.
Key accomplishments
Year | Accomplishment |
2023 | Brake Free designed and patented its own sensor-based technology. |
2020 | Break Free was featured on Shark Tank. |
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 of Sand Cloud and its continued success.