Lockstraps Net Worth 2025 Update (Before & After Shark Tank)
Lockstraps, a retail product, was started by Jeff Cranny in 2009. On November 25, 2018, they appeared on Season 10 of Shark Tank USA, seeking $200,000 for 20% equity valuing the company at $1 million.
Sharks were interested in something other than investing in Lockstraps. After Jeff Cranny talked about his product in his presentation, he had terrible news to tell the sharks. Hence, all the Sharks went out without any deal.
However, the company is still in business, selling their products on e-commerce channels including the official webiste and Amazon.
As of 2025, Lockstrap’s net worth is around $4 million, and its annual revenue is a whopping $4.7 million.
Lockstraps Net Worth
| Net worth | $4 million (2025) |
| Annual Sales Revenue | $4.7 million (2025) |
| Lifetime sales | $135K (By 2018) |
| Investor | None |
| Founder | Jeff Cranny |
| Employees | 1-10 employees |
Lockstraps Pitch on Shark Tank
| Company name | Lockstraps |
| Product | Locking tie-down straps |
| Episode | Season 10 Episode 06 |
| Founder | Jeff Cranny |
| Asked for | $200,000 for 20% equity |
| Final deal | No Deal |
| Shark | N/A |
| Location | Temecula, California |
Don’t miss these products from Season 10
Lockstraps Founder
Lockstraps was founded by Jeff Cranny in 2009. Jeff lost his bike in 2009 because the regular strap was easy for thieves to break. This inspired him to create the Lock Strap. Lockstraps’s founder, Jeff Cranny’s net worth is unavailable. However the company’s net worth as of 2024 is $4 million. One of the main worth of the Jeff Cranny is Lockstraps. Therefore should have more than $4 million net worth as of 2025.
Key accomplishments
| Year | Accomplishment |
| 2010 | Since 2010, there have been about 4 or 5 different versions of the LockStrap. |
| 2018 | The company appeared on Shark Tank Season 10. |
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 Lockstraps and its continued success.
