NightCap Net Worth 2023 Update (Before & After Shark Tank)

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)
InvestorLori Greiner
FoundersMichael Benarde and Shirah Benarde
Employees56 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 nameNightCap
ProductDrink glass covers to prevent spiking
EpisodeSeason 12 Episode 12
Founders Michael Benarde and Shirah Benarde
Asked for$60,000 for 20% equity
Final deal$60,000 for 25% equity
SharkLori Greiner
LocationSacramento, CA

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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

YearAccomplishment
2023NightCap has won the InNOLEvation Challenge, FSU’s Turkey Tank as competitions 
2019NightCap 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.