FireAvert, created by Peter Thorpe, was featured on Shark Tank in 2018 to pitch its fire-prevention device for stoves. Despite not securing a deal on the show, FireAvert gained significant traction following the pitch.
The company has since expanded its product line and increased sales, with an estimated net worth of $5 million in 2024.
FireAvert’s products, credited with preventing thousands of kitchen fires, are now sold in major retailers like Home Depot and Amazon. The business remains operational and continues to grow.
FireAvert Net Worth
| Estimated Net worth | $5 million (2024) |
| Annual Sales Revenue | $4 million (2024) |
| Lifetime sales | $3.6 million (2019) |
| Investor | Lori Greiner |
| Founder | Peter Thorpe |
| Employees | 11-15 |
FireAvert Pitch on Shark Tank
| Company name | FireAvert |
| Product | Fire prevention device that plugs into a kitchen stove |
| Episode | Season 07 Episode 12 |
| Founder | Peter Thorpe |
| Asked for | $300,000 for 7% equity |
| Final deal | $300,000 loan at 5% interest + 10% royalty until $400,000 is repaid + 10% equity |
| Shark | Lori Greiner |
| Location | Mapleton, Utah |
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FireAvert Founder
Peter Thorpe founded FireAvert in 2014. Peter graduated from Utah Valley University, specializing in Emergency Management. He is a firefighter by profession. His experience working as a firefighter as well as entrepreneurial skills drove him to create FireAvert. FireAvert’s founder, Peter Thorpe has a net worth of 1.27 Million USD as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2016 | FireAvert was featured on Shark Tank and won a deal. |
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 FireAvert and its continued success.
