Mtailor Net Worth 2023 Update (Before & After Shark Tank)
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 | – |
| Founder | Miles Penn |
| Employees | 64 |
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 name | Mtailor |
| Product | Custom-tailored shirts using app technology |
| Episode | Season 07 Episode 17 |
| Founder | Miles Penn |
| Asked for | $2.5 million for 10% equity |
| Final deal | No deal |
| Shark | None |
| Location | Margarido 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
| Year | Accomplishment |
| 2023 | MTailor has served over more than 100,000 customers as of 2023 |
| 2016 | MTailor 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.
