Pentablock, a unique interlocking vertical construction block system, was started by Joel Norford in 2010. As of January 2024, Pentablock net worth is $6.5 million and they have annual revenue below $5 million.
In 2016 June, they appeared on season 02 of Shark Tank Australia and made a deal with Janine Allis, for $350,000 for 33% of equity. The final valuation was $882K million, down from the founder’s initial estimate of $3.5 million.
As of 2024 January, the company is still in business. You can get their services by visiting their website.
Pentablock Net Worth
| Net worth | $6.5 million |
| Annual Sales Revenue | Below $5 million |
| Profits | – |
| Lifetime sales | – |
| Investor | Janine Allis |
| Founder | Joel Norford |
| Employees | 1-10 employees |
Pentablock Net Worth Timeline
| Net Worth 2024 | $6.5 million |
| Net Worth 2023 | $6.2 million |
| Net Worth 2022 | $5 million |
| Net Worth 2021 | $4.5 million |
| Net worth valuation 2016 after appearing on Shark Tank | $882K million |
| Net worth valuation 2016 before appearing on Shark Tank | $3.5 million |
Pentablock Pitch on Shark Tank
| Company name | Pentablock |
| Product | A unique interlocking construction block |
| Episode | Season 02 Episode 12 |
| Founder | Joel Norford |
| Asked for | $350,000 for 10% Stake |
| Final deal | $150,000 for 17% Stake + $200k Loan |
| Shark | Janine Allis |
| Location | 263-271 Wells Rd Unit 18, Chelsea Heights, Victoria, 3196, Australia |
Don’t miss these product from Season 02
Pentablock Founder
Pentablock was founded by Joel Norford in 2010. During his travelling to Vietnam, he found a key building block in an abandoned structure. Captivated by the idea, he added an extra layer of laminated stone and trademarked Pentablock for the finished product. Pentablock’s founder, Joel Norford , has a net worth of 5 million USD as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2016 | The company appeared on Shark Tank Season 02 Australia and got the deal from Janine Allis. |
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 Pentablock and its continued success.
