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Edible Bug Shop Net Worth 2024 Update (Before & After Shark Tank)

 Edible Bug Shop, an Edible insect business, was started by Skye Blackburn in 2007. As of January 2024, Edible Bug Shop’s net worth is $2.5 Million and they’re pulling in a whopping $500,000 in annual revenue. 

On February 15, 2015, they appeared on season 1 of Shark Tank Australia and made a deal with Janine, for $170k for 50% of equity. The final valuation was $340,000, down from the founder’s initial estimate of $850,000.

Providing bulk food ingredients from edible insects Edible Bug Shop is still in business. Their products are available to purchase on the official website.

Edible Bug Shop Net Worth

Net worth$2.5 Million (2024)
Annual Sales Revenue$500,000 (2018)
Profits
Lifetime sales
InvestorJanine
FounderSkye Blackburn
Employees

Edible Bug Shop Net Worth Timeline

Net Worth 2024$2.5 Million
Net Worth 2022$2 Million
Net Worth 2021$1.5 Million
Net Worth 2020$1 Million
Net worth valuation in 2015 after appearing on Shark Tank  $340,000
Net worth valuation in 2015 before appearing on Shark Tank  $850,000

Edible Bug Shop Pitch on Shark Tank

ProductEdible insect business,
EpisodeSeason 01 Episode 02
FounderSkye Blackburn
Asked for$170k for 20% of Equity
Company nameEdible Bug Shop
Final deal$170k for 50% of equity
SharkJanine
LocationAustralia

Don’t miss these products from Season 1

Edible Bug Shop Founder

Edible Bug Shop was founded by Skye Blackburn in 2007. She is an entomologist. She became Australia’s first farmer of insect proteins. Edible Bug Shop’s founder, Skye Blackburn, has a net worth of $168,000 as of 2024.

Key accomplishments

YearAccomplishment
2019Edible Bug Shop is Australia’s first farm of insect proteins.
2015Edible Bug Shop appeared on Shark Tank Australia.

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 Edible Bug Shop and its continued success.

What do you think?

Written by GAG Team

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