New Eye Company, a safety glasses product, was started by Andy Mehringer in 2010. New Eye Company net worth was $500K in 2016 based on the Shark Tank deal.

In 2016 June, they appeared on Season 02 of Shark Tank Australia and made a deal with Steve Baxter, Andrew Banks and Glen Richards, $150k for 30% stake.

As of 2024 January, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.

New Eye Company Net Worth

Net worth$500K (When appeared on Shark Tank Show)
Annual Sales RevenueNot Disclosed
ProfitsNot Disclosed
Lifetime salesNot Disclosed
InvestorsSteve Baxter, Andrew Banks and Glen Richards
FounderAndy Mehringer
Employees2-10 employees

New Eye Company Net Worth Timeline

Net Worth 2024Not Disclosed
Net Worth 2023Not Disclosed
Net Worth 2022$4.5 million
Net Worth 2021$4 million
Net worth valuation 2016 after appearing on Shark Tank  $500K
Net worth valuation 2016 before appearing on Shark Tank  $750K

New Eye Company Pitch on Shark Tank

Company nameNew Eye Company
ProductOnline website which offers anti-inflammatory recipes for improved health
EpisodeSeason 02 Episode 09
Founder Andy Mehringer
Asked for$150,000 for 20% Stake
Final deal$150,000 for 30% Stake
SharksSteve Baxter, Andrew Banks and Glen Richards
LocationRedcliffe, Queensland, Australia

Don’t miss these product from Season 02

New Eye Company Founder

New Eye Company was founded by Andy Mehringer in 2010. He has been an optician since 1990, dedicating his career to the optical industry. The New Eye Company Pvt. Ltd introduced an innovative safety glasses system designed to accommodate prescription lenses. New Eye Company’s founder, Andy Mehringer, has a net worth of 4.5 millionUSD as of 2024.

Key accomplishments

YearAccomplishment
2016The company appeared on Shark Tank Australia Season 02 and got the deal from Steve Baxter, Andrew Banks and Glen Richards.

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 New Eye Company and its continued success.

Also if you want to read further details about New Eye Company, Read here : New Eye Company, what happened to innovative eye-protective wear after the shark tank

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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