Grinds Coffee is a company manufacturing flavored coffee pouches as an alternative to tobacco. This was started by Matt Canepa And Pat Pezet in 2009. As of November 2023, Grinds Coffee’s net worth is $5 million. Moreover, they’re pulling in a whopping $5 million in annual revenue.
In February 2013, they appeared on Season 04 of Shark Tank USA and made a deal with Daymond John And Robert Herjavec for $75,000 for 15% of equity. The final valuation was $500,000, down from the founder’s initial estimate of $750,000.
The deal Grinds Coffee received from Shark Tank did not go through after the show. However, the company continued to thrive in business. Grinds Coffee expanded its products and currently offers 11 key flavors. You can purchase Grinds Coffee products through the company website, Amazon, Walmart, and selected stores.
Grinds Coffee Net Worth
| Net worth | $5 million (2023) |
| Annual Sales Revenue | $5 million (2023) |
| Profits | – |
| Lifetime sales | – |
| Investors | Daymond John And Robert Herjavec |
| Founders | Matt Canepa And Pat Pezet |
| Employees | 11-50 |
Grinds Coffee Net Worth Timeline
| Net Worth 2023 | $5 million |
| Net Worth 2022 | $5 million |
| Net worth valuation in 2013 after appearing on Shark Tank | $500,000 |
| Net worth valuation in 2013 before appearing on Shark Tank | $750,000 |
Grinds Coffee Pitch on Shark Tank
| Company name | Grinds Coffee |
| Product | A company manufacturing flavored coffee pouches as an alternative to tobacco |
| Episode | Season 04 Episode 15 |
| Founders | Matt Canepa And Pat Pezet |
| Asked for | $75,000 for 10% equity |
| Final deal | $75,000 for 15% equity |
| Sharks | Daymond John And Robert Herjave |
| Location | Westfield, Indiana |
Don’t miss these products from Season 4
Grinds Coffee Founders
Matt Canepa And Pat Pezet founded Grinds Coffee in 2009. Matt and Pat are college friends randomly came up with the idea of Grinds Coffee, wrapping up a college project. They graduated from California Polytechnic State University-San Luis Obispo, majoring in Business and Finance. Grinds Coffee’s founders Matt Canepa And Pat Pezet have a net worth of 4.2 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2017 | Grinds Coffee was featured on Shark Tank and secured 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 Grinds Coffee and its continued success.
