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 RevenueNot Disclosed
Profits
Lifetime sales$138K (When appeared on Shark Tank)
InvestorGlen Richards
FounderDamian Joyce
Employees10-19 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 nameHex Pegs
ProductA multi-purpose caravan and camping peg that are drilled into and out of the ground using any type of drill or impact driver
EpisodeSeason 04 Episode 12
FounderDamian Joyce
Asked for$80,000 for 20% Stake
Final deal$80,000 for 40% Stake
Shark Glen Richards
LocationSouth 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

YearAccomplishment
2018The 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.