Hex Pegs Net Worth 2024 Update (Before & After Shark Tank)
Hex Pegs, a camping tent product, was started by Damian Joyce in January 2017. As of January 2024, Hex Pegs net worth is $7 million and their annual revenue is not disclosed.
In July 2018, they appeared on season 4 of Shark Tank Australia and made a deal with Glen Richards, $80,000 for 40% of equity. The final valuation was $200K, down from the founder’s initial estimate of $400K.
As of 2024 January, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.
Hex Pegs Net Worth
| Net worth | $7 million |
| Annual Sales Revenue | Not Disclosed |
| Profits | – |
| Lifetime sales | $138K (When appeared on Shark Tank) |
| Investor | Glen Richards |
| Founder | Damian Joyce |
| Employees | 10-19 employees |
Hex Pegs Net Worth Timeline
| Net Worth 2024 | $7 million |
| Net Worth 2023 | $6.5 million |
| Net Worth 2022 | $6 million |
| Net Worth 2021 | $5.5 million |
| Net worth valuation 2018 after appearing on Shark Tank | $200K |
| Net worth valuation 2018 before appearing on Shark Tank | $400K |
Hex Pegs Pitch on Shark Tank
| Company name | Hex Pegs |
| Product | A multi-purpose caravan and camping peg that are drilled into and out of the ground using any type of drill or impact driver |
| Episode | Season 04 Episode 12 |
| Founder | Damian Joyce |
| Asked for | $80,000 for 20% Stake |
| Final deal | $80,000 for 40% Stake |
| Shark | Glen Richards |
| Location | South Plympton, South Australia, Australia |
Don’t miss these product from Season 04
Hex Pegs Founder
Hex Pegs was founded by Damian Joyce. He is currently serving as the Managing Director at Hex Pegs. He obtained a Bachelor of Science degree from Flinders University in 1998, and in 1994, he earned Secondary Diplomas and Certificates from Immanuel College Adelaide. Hex Pegs’s founder, Damian Joyce, has a net worth of 6 million USD as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2018 | The company appeared on Shark Tank Australia Season 04 and got the deal from Glen Richards. |
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 Hex Pegs and its continued success.
