Shark-Tank-US-Net-worth-UpdateMtailor

Mtailor, Custom-tailored shirts using app technology, was started by Miles Penn in 2012. As of November 2023, Mtailor’s net worth is $25 Million and they’re pulling in a whopping $13.2 million in annual revenue.

On February 12, 2016, they appeared on Season 7 of Shark Tank USA seeking $2.5 million for 10% equity valuing the company at $25 Million. However, the Sharks were not interested in investing in Mtailor.  Sharks stated that most of them didn’t like the founder and the business plan, they made some offers but the founder rejected all of them so he had to walk alone without a deal.

Mtailor is still in business. Their App and the services are available on the website. App store, Apple store.

Mtailor Net Worth

Net worth$25 Million (Business Valuation)
Annual Sales Revenue$13.2 million (2022)
Profits
Lifetime sales
Investor
FounderMiles Penn
Employees64

Mtailor Net Worth Timeline

Net Worth 2023$25 Million
Net Worth 2022$20 Million
Net Worth 2021$17 Million
Net Worth 2020$12 Million
Net worth valuation in 2016 before appearing on Shark Tank  $25 Million

Mtailor Pitch on Shark Tank

Company nameMtailor
ProductCustom-tailored shirts using app technology
EpisodeSeason 07 Episode 17
FounderMiles Penn
Asked for$2.5 million for 10% equity
Final dealNo deal
SharkNone
LocationMargarido Dr, Oakland, CA

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Mtailor Founder

Mtailor was founded by Miles Penn in 2012. The founder has a background in computer science and technology. He is also a Stanford graduate Mtailor’s founder, Miles Penn has a net worth of USD 25 Million as of 2023.

Key accomplishments

YearAccomplishment
2023MTailor has served over  more than 100,000 customers as of 2023
2016MTailor appeared on Shark Tank

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 Mtailor and its continued success.

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