Shark-Tank-US-Net-worth-Update-IllumiBowl

IllumiBowl, the motion-activated toilet night light, secured a $100,000 investment from Kevin O’Leary on Shark Tank in 2016.

Following its appearance, the company experienced significant growth, achieving $1.4 million in net worth.

In October 2017, IllumiBowl was acquired by Spark Innovation. As of 2024, the company continues to operate successfully, with its products available through major retailers and online platforms.

IllumiBowl Net Worth

Estimated Net worth$1.4 million (2024)
Annual Sales Revenue$2 million (2024)
Lifetime salesNot publicly available
InvestorKevin O’Leary
FounderMatt Alexander and Mike Kannely
Employees13 employees

IllumiBowl Pitch on Shark Tank

Company nameIllumiBowl
ProductToilet night light
EpisodeSeason 07 Episode 11
FoundersMatt Alexander and Mike Kannely
Asked for$100,000 for 15% equity
Final deal$100,000 for 25% equity
Shark Kevin O’Leary
LocationProvo, Utah, United States 

Don’t miss these products 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 2024.

Key accomplishments

YearAccomplishment
2016Appeared on Shark Tank season 7 and Kevin O’Leary invested $100,000 for 15% equity.
2017Won 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.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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