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 |
| Profits | – |
| Lifetime Sales | $6 million |
| Shark Tank Investor | Kevin O’Leary, Mark Cuban, and Robert Herjavec |
| Founder | Mont Handley |
| Employees | 28 employees |
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
| Company name | PittMoss |
| Product | Eco-friendly peat moss substitute |
| Episode | Season 06 Episode 25 |
| Founder | Mont Handley |
| Asked for | $600,000 For 25% Equity |
| Final deal | $600,000 Million For 35% Equity |
| Sharks | Kevin O’Leary, Mark Cuban and Robert Herjavec |
| Location | Ambridge, Pennsylvania |
PittMoss Founder
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.
Key accomplishments
| Year | Accomplishment |
| 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 |
Conclusion
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.