Grypmat, a silicone mats that hold tools for mechanics, was started by Tom Burden in 2013. As of November 2023, Grypmat net worth is $4 million. And they’re pulling in a whopping $1 million in annual revenue. 

In November 2017, they appeared on season 9 of Shark Tank USA. And made a deal with Lori Greiner, Richard Branson, and Mark Cuban, for $360,000 for 30% of equity. The final valuation was $600,000, down from the founder’s initial estimate of $2 million.

Grypmat is still in business. Grypmat has been growing rapidly in recent years, and its revenue is expected to continue to grow in the future. To purchase their products online, visit their official website

Grypmat Net Worth

Net worth$4 million (2023)
Annual Sales Revenue$1 million (2023)
ProfitsNot Publicly Available
Lifetime salesNot Publicly Available
InvestorTom Burden
FounderLori Greiner, Richard Branson, and Mark Cuban
EmployeesNot Publicly Available

Grypmat Net Worth Timeline

Net Worth 2023$4 million
Net Worth 2022$4 million
Net worth valuation 2017 after appearing on Shark Tank  $600,000
Net worth valuation 2017 before appearing on Shark Tank  $2 million

Grypmat Pitch on Shark Tank

Company nameGrypmat
ProductSilicone mats that hold tools for mechanics
EpisodeSeason 09 Episode 10
Founder Tom Burden
Asked for$200,000 for 10% equity
Final deal$360,000 for 30% equity
SharksLori Greiner, Richard Branson, and Mark Cuban
LocationUSA

Don’t miss these product from Season 09

Grypmat Founder

Tom Burden found Grypmat in 2013. Burden was inspired to create Grypmat after he grew frustrated with the difficulty of keeping his tools from rolling around in his toolbox. Grypmat’s founder,  Tom Burden, has a net worth of $7 million as of 2023.

Key accomplishments

YearAccomplishment
2017Appeared on Shark Tank season 09 and  Lori Greiner, Richard Branson, and Mark Cuban invested $360,000 for 30% equity
2018Grypmat expanded its product line to include new mats for a variety of applications, such as cars, boats, and RVs 
2019Grypmat was named one of the “Best New Products” by Good Housekeeping 

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 Grypmat and its continued success.

Similar Posts