PittMoss, an eco-friendly peat moss substitute, was started by Mont Handley in 1994. As of September 2023, PittMoss’s net worth is $4.5 million, and they’re pulling in a whopping $3 million in annual revenue.
In April 2015, they appeared on Season 6 of Shark Tank USA and made a deal with Kevin O’Leary, Mark Cuban, and Robert Herjavec, $600,000 for 35% of equity. The final valuation was $1.71 million, down from the founder’s initial estimate of $2.4 million.
As of 2023, PittMoss is still in business. You can purchase their products from their website and other e-commerce channels.
PittMoss Net Worth
|Net worth||$4.5 million|
|Annual Sales Revenue||$3 million|
|Lifetime Sales||$6 million|
|Shark Tank Investor||Kevin O’Leary, Mark Cuban, and Robert Herjavec|
PittMoss Net Worth Timeline
|Net Worth 2023||$4.5 million|
|Net Worth 2022||$4.5 million|
|Net Worth 2021||$3 million|
|Net Worth 2020||$3 million|
|Net worth valuation 2015 after appearing on Shark Tank||$1.71 million|
|Net worth valuation 2015 before appearing on Shark Tank||$2.4 million|
PittMoss Pitch on Shark Tank
|Product||Eco-friendly peat moss substitute|
|Episode||Season 06 Episode 25|
|Asked for||$600,000 For 25% Equity|
|Final deal||$600,000 Million For 35% Equity|
|Sharks||Kevin O’Leary, Mark Cuban and Robert Herjavec|
Mont Handley founded PittMos in 1994. PitMoss was his lifelong business, but in 2016 he stepped down from being the company’s CEO. PittMoss’s founder, Mont Handley, has a net worth of 2.5 million USD as of 2023.
|2016||Founder Mont Handley stepped down as CEO in 2016 and was replaced by Brian Scott.|
|2017||The company secured $1.2 million in funding from Innovation Works, Blue Tree Allied Angels, and Idea Foundry.|
|2021||Increased net worth by $500,000 from crowdfunding|
From their beginnings on Shark Tank to their current status as a thriving business. And they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for PittMoss and its continued success.