Hibear Net Worth 2024 Update (Before & After Shark Tank)

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GAG Team
Hibear Net Worth Update (Before & After Shark Tank)

Hibear net worth is $1 million as of January 2024. In 2023, the company’s annual sales were $320,000. Hibear is an adventure flask founded by Mark Tsigounis in 2017.

In 2024, they appeared on Season 15 of Shark Tank USA seeking $150,000 for 5% of equity valuing the company at $3 million. But the Sharks were not interested in investing in Hibear.

Although sharks liked this product, they had concerns about investing in it. Therefore the owner had to leave the show without a deal. However following its appearance on show, the company had a boost in sales. Their products are available on the company website and Amazon.

Hibear Net Worth

Net worth$1 million (2023)
Annual Sales Revenue$320,000
ProfitsNot available 
Lifetime sales$745,000
InvestorNone 
InvestmentNone 
FounderMark Tsigounis
Employees<10

Hibear Net Worth Timeline

Net Worth 2024$1 million
Net worth valuation in 2024 before appearing on Shark Tank  $3 million (Business valuation)

Hibear Pitch on Shark Tank

ProductAn adventure flask
EpisodeSeason 15 Episode 19
FounderMark Tsigounis
Asked for$150,000 for 5% equity
Company nameHibear
Final dealNo shark 
SharkNo deal 
LocationReno, Nashville 

Don’t miss these products from Season 15

Hibear Founder

Mark Tsigounis founded Hibear in 2017. Mark has an education background in Business and Finance. He has previous experience working as a Financial Consultant and an Advisor. Mark is also a Lieutenant Commander in the US Navy Reserve. Hibear’s founder Mark Tsigounis’ net worth is unknown as of 2024.

Key accomplishments

YearAccomplishment
2021 iF Design Award Winner.
2024The company was featured in Shark Tank and secured a deal.

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 Hibear and its continued success.