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)|
|Profits||Not Publicly Available|
|Lifetime sales||Not Publicly Available|
|Founder||Lori Greiner, Richard Branson, and Mark Cuban|
|Employees||Not 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
|Product||Silicone mats that hold tools for mechanics|
|Episode||Season 09 Episode 10|
|Asked for||$200,000 for 10% equity|
|Final deal||$360,000 for 30% equity|
|Sharks||Lori Greiner, Richard Branson, and Mark Cuban|
Don’t miss these product from Season 09
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.
|2017||Appeared on Shark Tank season 09 and Lori Greiner, Richard Branson, and Mark Cuban invested $360,000 for 30% equity|
|2018||Grypmat expanded its product line to include new mats for a variety of applications, such as cars, boats, and RVs|
|2019||Grypmat was named one of the “Best New Products” by Good Housekeeping|
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.