Larq is a self-purifying water bottle that uses UV-C LED technology. This was founded by Justin Wang in 2017. As of January 2024, Larq’s net worth is $32 million. They’re pulling in a whopping $30 million in annual revenue.
In April 2021, they appeared on season 12 of Shark Tank USA and made a deal with Lori Greiner and Kevin O’Leary for $1 million for 4% equity. The final valuation was $25 million, down from the founder’s initial estimate of $50 million.
After several rounds of negotiations, Justin managed to secure a deal for Larq, and the company has progressed since the show. Larq has expanded its product line and market over the years. The company is currently shipping products to several states outside the U.S., including Canada, the UK, and Europe. You can make purchases via the company website and Amazon.
Larq Net Worth
| Net worth | $32 million (2024) |
| Annual Sales Revenue | $30 million (2023) |
| Profits | $20,000 |
| Lifetime sales | $41 million (2023) |
| Investors | Lori Greiner and Kevin O’Leary |
| Founder | Justin Wang |
| Employees | 11-50 |
Larq Net Worth Timeline
| Net Worth 2024 | $32 million |
| Net Worth 2023 | $28 million |
| Net Worth 2022 | $29 million |
| Net Worth 2021 | $30 million |
| Net Worth 2020 | $45 million |
| Net worth valuation in 2021 after appearing on Shark Tank | $25 million |
| Net worth valuation in 2021 before appearing on Shark Tank | $50 million |
Larq Pitch on Shark Tank
| Company name | Larq |
| Product | A self-purifying water bottle that uses UV-C LED technology |
| Episode | Season 12 Episode 21 |
| Founder | Justin Wang |
| Asked for | $500,000 for 1% equity |
| Final deal | $1 million for 4% equity |
| Sharks | Lori Greiner and Kevin O’Leary |
| Location | San Francisco Bay Area, California |
Don’t miss these products from Season 12
Larq Founder
Larq was founded by Justin Wang in 2017. Soon after completing his degree, Justin worked as an Academic Research Assistant at the University of Berkeley. He joined the investment sector in 2007. Ever since, Justin has been molding his skills to become a successful entrepreneur. Larq’s founder Justin Wang has a net worth of 30 million USD as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2019 | Larq became the winner of the Dezeen Awards: Product Design of the Year 2019. Larq won the Red Dot Design Award 2019. |
| 2021 | Larq 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 Larq and its continued success.
