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.
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