IllumiBowl, Toilet night light, was started by Matt Alexander and Mike Kannely in November 2014. As of September 2023, IllumiBowl net worth is $1.4 million and they’re pulling in a whopping $2 million in annual revenue.
In March 2016, they appeared on season 7 of Shark Tank USA and made a deal with Kevin O’Leary, for $100,000 for 25% of equity. The final valuation was $400,000, down from the founder’s initial estimate of $666,666.
IllumiBowl is still in business in 2023. Since appearing on Shark Tank, IllumiBowl has expanded its product line to include a variety of colors and designs. They are also available for purchase in select retail stores, including Bed Bath & Beyond and Target and online from their official website.
IllumiBowl Net Worth
| Net worth | $1.4 million (2023) |
| Annual Sales Revenue | $2 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Kevin O’Leary |
| Founder | Matt Alexander and Mike Kannely |
| Employees | 13 employees |
IllumiBowl Net Worth Timeline
| Net Worth 2023 | $1.4 million |
| Net Worth 2022 | $1.4 million |
| Net worth valuation 2016 after appearing on Shark Tank | $400,000 |
| Net worth valuation 2016 before appearing on Shark Tank | $666,666 |
IllumiBowl Pitch on Shark Tank
| Company name | IllumiBowl |
| Product | Toilet night light |
| Episode | Season 07 Episode 11 |
| Founders | Matt Alexander and Mike Kannely |
| Asked for | $100,000 for 15% equity |
| Final deal | $100,000 for 25% equity |
| Shark | Kevin O’Leary |
| Location | Provo, Utah, United States |
Don’t miss these product from Season 7
IllumiBowl Founders
IllumiBowl was founded by Matt Alexander and Mike Kannely in 2016. Matt Alexander is the CEO and Co-Founder of IllumiBowl. He is a mechanical engineer and entrepreneur. He has a background in product development and has worked for companies such as Boeing and Google. Mike Kannely is the COO and Co-Founder of IllumiBowl. He is a business management graduate and entrepreneur. He has a background in marketing and sales and has worked for companies such as Nike and Coca-Cola. IllumiBowl’s founders, Matt Alexander and Mike Kannely, have a net worth of $1.4 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Appeared on Shark Tank season 7 and Kevin O’Leary invested $100,000 for 15% equity |
| 2017 | Won the CES Innovation Award for its toilet light. |
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 IllumiBowl and its continued success.