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.
Despite initially agreeing to the deal, the investment did not go through. The Powells retained ownership of Catch ‘N’ Release, continued receiving support from Dr. Glen Richards, and the company has since achieved significant growth and success in the market.
Catch ‘N’ Release Net Worth
| Net worth | $4 million |
| Annual Sales Revenue | $1.8 million |
| Profits | – |
| Lifetime sales | – |
| Investor | Glen Richards |
| Founders | Margaret & Peter Powell |
| Employees | 1-20 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 name | Catch ‘N’ Release |
| Product | An anchor retrieval company that eliminates damage to the ocean |
| Episode | Season 03 Episode 02 |
| Founders | Margaret & Peter Powell |
| Asked for | $200,000 for 20% Stake |
| Final deal | 200,000 for 100% Stake + 5% Royalty |
| Sharks | Glen Richards |
| Location | Australia |
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
| Year | Accomplishment |
| 2017 | The 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