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 | – |
| Investor | Janine |
| Founder | Skye 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
| Product | Edible insect business, |
| Episode | Season 01 Episode 02 |
| Founder | Skye Blackburn |
| Asked for | $170k for 20% of Equity |
| Company name | Edible Bug Shop |
| Final deal | $170k for 50% of equity |
| Shark | Janine |
| Location | Australia |
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
| Year | Accomplishment |
| 2019 | Edible Bug Shop is Australia’s first farm of insect proteins. |
| 2015 | Edible 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.
