NightCap, a Drink glass cover to prevent spiking, was started by Michael Benarde and Shirah Benarde in 2019. As of October 2023, NightCap’s net worth is $1.1 Million and they’re pulling in a whopping $100,000 in annual revenue.
On February 5, 2021, they appeared on Season 12 of Shark Tank USA and made a deal with Lori Greiner, for $60,000 for 25% equity. The final valuation was $240,000, down from the founder’s initial estimate of $300,000.
NightCap is still in business with a good growing rate. Their products are available on the official website.
NightCap Net Worth
| Net worth | $1.1 Million (2023) |
| Annual Sales Revenue | $100,000 (2022) |
| Profits | – |
| Lifetime sales | $2.1 Million (2023) |
| Investor | Lori Greiner |
| Founders | Michael Benarde and Shirah Benarde |
| Employees | 56 employees |
NightCap Net Worth Timeline
| Net Worth 2023 | $1.1 Million |
| Net Worth 2022 | $1 Million |
| Net Worth 2021 | $900,000 Million |
| Net Worth 2020 | $700,000 Million |
| Net worth valuation in 2021 after appearing on Shark Tank | $240,000 |
| Net worth valuation in 2021 before appearing on Shark Tank | $300,000 |
NightCap Pitch on Shark Tank
| Company name | NightCap |
| Product | Drink glass covers to prevent spiking |
| Episode | Season 12 Episode 12 |
| Founders | Michael Benarde and Shirah Benarde |
| Asked for | $60,000 for 20% equity |
| Final deal | $60,000 for 25% equity |
| Shark | Lori Greiner |
| Location | Sacramento, CA |
Don’t miss these products from Season 12
NightCap Founders
NightCap was founded by Michael Benarde and Shirah Benarde in 2019. The founders are brother and sister duo. They are both very smart and hungry for success. NightCap’s founders, Michael Benarde and Shirah Benarde, have a net worth of USD 1.1 Million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2023 | NightCap has won the InNOLEvation Challenge, FSU’s Turkey Tank as competitions |
| 2019 | NightCap drink cover 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 NightCap and its continued success.
