Alex Bertelli and Clay Banks created HavenLock to improve home and school security with a simple yet strong floor-based smart lock. They pitched their idea on Shark Tank in 2019, asking for $500,000 but left without a deal.
However, the exposure helped boost sales and brand recognition. Today, HavenLock is valued at about $8 million, earning around $4.5 million yearly.
Their locks are available on Amazon, Home Depot, and Lowe’s. The company also partners with schools to enhance safety. HavenLock’s journey proves that innovation and perseverance can lead to success, even without a Shark Tank deal.
HavenLock Net Worth
| Net worth | $8 million |
| Annual Sales Revenue | $4 million |
| Shark Tank Investor | None |
| Founder | Alex Bertelli and Clay Banks |
HavenLock Pitch on Shark Tank
| Company name | HavenLock |
| Product | Smart Locks |
| Episode | Season 10 Episode 18 |
| Founders | Alex Bertelli and Clay Banks |
| Asked for | $500,000 for 6% equity |
| Final deal | No deal |
| Shark | None |
| Location | Franklin, United States |
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HavenLock Founders
HavenLock was founded by Alex Bertelli and Clay Banks in 2014. Alex Bertelli is the CEO of the company and he has over 20 years of experience in the technology industry. Clay Banks, the other co-founder is the CTO of Heaven lock and he is a mechanical engineer with over 15 years of experience in the security industry. HavenLock’s founders, Alex Bertelli and Clay Banks, have a net worth of $9 million USD as of 2025.
Key accomplishments:
| Year | Accomplishment |
| 2019 | Appeared on Shark Tank season 10 and got good publicity and a trusted customer network. |
| 2019 | Launched Heaven Lock motion sensors. |
| 2020 | Launched Heaven Lock security camera system. |
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 HavenLock and its continued success.
