Calm Strips Net Worth 2024 Update (Before & After Shark Tank)

Calm Strips, textured sensory adhesive, was started by Michael Malkin and Luce Fuller in April 2020. As of January 2024, Calm Strips net worth is $3 million and they’re pulling in a whopping $10 million in annual revenue. 

In January 2021, they appeared on season 13 of Shark Tank USA and made a deal with Robert Herjavec, for $250,000 for 10% of equity. The final valuation was $2.5 million, same from the founder’s initial estimate of $2.5 million.

Calm Strips is definitely still in business. They seem to be thriving, in fact. Here’s some evidence. They now offer more than just Calm Strips, including Calm Shapes, Calm Circles, Calm Accessories, Education Packs, and more. To purchase their products online, visit their official website

Calm Strips Net Worth

Net worth$3 million (2023)
Annual Sales Revenue$10 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorRobert Herjavec
FounderMichael Malkin and Luce Fuller
EmployeesNot publicly available

Calm Strips Net Worth Timeline

Net Worth 2023$3 million
Net Worth 2022$2.2 millon 
Net worth valuation 2021 after appearing on Shark Tank  $2.5 million
Net worth valuation 2021 before appearing on Shark Tank  $2.5 million

Calm Strips Pitch on Shark Tank

ProductTextured sensory adhesive
EpisodeSeason 13 Episode 13
Founders Michael Malkin and Luce Fuller
Asked for$250,000 for 10% equity
Company nameCalm Strips
Final deal$250,000 for 10% equity
Shark Robert Herjavec
LocationHanover, Massachusetts

Don’t miss these product from Season 13

Calm Strips Founders

Calm Strips was founded by Michael Malkin and Luce Fuller in 2020. Michael Malkin, who is often credited as the sole creator. However, the journey wasn’t a solo effort, and here’s what we know about the team behind Calm Strips. While Michael is the main face of Calm Strips, Luce Fuller also plays a crucial role. She joined the team early on, leveraging her previous experience with Michael at Apple to help with business development and operations. You can find Luce credited on their website’s “About Us” page. Calm Strips’s founders, Michael Malkin and Luce Fuller, have a net worth of $2 million as of 2024.

Key accomplishments

YearAccomplishment
2021Appeared on Shark Tank season 13 and Robert Herjavec invested $250,000 for 10% equity
2022Continues product innovation and expands international presence.
2023Maintains strong online presence, attends conferences, and expands educational programs.

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 Calm Strips and its continued success.

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