EverlyWell, a digital health business, was started by Julia Cheek in 2015. As of October 2023, EverlyWell net worth is $2.9 billion and they’re pulling in a whopping $52 million in annual revenue.
In December 2018, they appeared on Season 09 of Shark Tank USA and made a deal with Lori Greiner, $1,000,000 line of credit at 8% interest rate in exchange for 5% equity. The final valuation was $20 million, same from the founder’s initial estimate of $20 million.
In March 2021, the company bought PWNHealth and Home Access Health Corporation, leading to the creation of the parent company, Everly Health. However, You can purchase products on e-commerce channels such as their website.
EverlyWell Net Worth
|Net worth||$2.9 billion (2023)|
|Annual Sales Revenue||$52 million|
|Lifetime sales||$200 million (By 2020)|
EverlyWell Net Worth Timeline
|Net Worth 2023||$2.9 billion|
|Net Worth 2022||$2.8 billion|
|Net Worth 2021||$2.85 billion|
|Net Worth 2020||$55 million|
|Net worth valuation2018 after appearing on Shark Tank||$20 million|
|Net worth valuation 2018 before appearing on Shark Tank||$20 million|
EverlyWell Pitch on Shark Tank
|Episode||Season 09 Episode 12|
|Asked for||$1,000,000 for 5% equity|
|Final deal||$1,000,000 line of credit at 8% interest rate in exchange for 5% equity|
Don’t miss these product from Season 09
EverlyWell was founded by Julia Cheek in 2015. Cheek is a driven young female entrepreneur with an impressive academic background. She attended Vanderbilt University and later graduated from Harvard Business School in the top five percent, where she also worked as a research scholar. Before starting EverlyWell in 2015, she held roles as the director of strategy and operations at the George W. Bush Institute, the VP of Global Communications at Moneygram, and a Venture Partner at NextGen. EverlyWell’s founder, Julia Cheek, has a net worth of 100 million USD as of 2023.
|2023||EverlyWell made over $2.5 million in product sales and keeps growing at a rate of 20% every month|
|2020||In 2020, the company created a Home Collection Kit for COVID-19 testing and secured a funding round of $175 million, resulting in a valuation of $13 billion|
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 EverlyWell and its continued success.