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Catch ‘N’ Release Net Worth 2024 Update (Before & After Shark Tank)

Catch ‘N’ Release, an anchor retrieval company, was started by Margaret & Peter Powell. As of January 2024, Catch ‘N’ Release net worth is $4 million and they’re pulling in a whopping $1.8 million in annual revenue. 

In 2017 June, they appeared on season 3 of Shark Tank Australia and made a deal with Glen Richards, for $200,000 for 100% of equity. The final valuation was $200K, down from the founder’s initial estimate of $1 million.

As of 2024 January, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.

Catch ‘N’ Release Net Worth

Net worth$4 million
Annual Sales Revenue$1.8 million
Profits
Lifetime sales
InvestorGlen Richards
FoundersMargaret & Peter Powell
Employees1-20 employees

Catch ‘N’ Release Net Worth Timeline

Net Worth 2024$4 million
Net Worth 2023$3.5 million
Net Worth 2022$3 million
Net Worth 2021$3 million
Net worth valuation 2018 after appearing on Shark Tank  $200K
Net worth valuation 2018 before appearing on Shark Tank  $1 million

Catch ‘N’ Release Pitch on Shark Tank

Company nameCatch ‘N’ Release
ProductAn anchor retrieval company that eliminates damage to the ocean
EpisodeSeason 03 Episode 02
Founders Margaret & Peter Powell
Asked for$200,000 for 20% Stake
Final deal200,000 for 100% Stake + 5% Royalty
SharksGlen Richards
LocationAustralia

Don’t miss these product from Season 03

Catch ‘N’ Release Founders

Catch ‘N’ Release was founded by Margaret & Peter Powell. They are Husband and Wife. For nearly 20 years, Peter dedicated his time to design, develop, test, and refine the Catch ‘N’ Release anchor retrieval device. Catch ‘N’ Release’s founders, Margaret & Peter Powell, have a net worth of 3 million USD as of 2024.

Key accomplishments

YearAccomplishment
2017The company appeared on Shark Tank Season 03 Australia and got the deal from Glen Richards.

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 Catch ‘N’ Release and its continued success.

Also if you want to read further details about Catch ‘N’ Release, Read here :Catch’N’Release, what happened to seafloor and coral reef saving device after the shark tank

What do you think?

Written by GAG Team

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