R. Riveter, founded by military spouses Cameron Cruse and Lisa Bradley, appeared on Shark Tank in 2016 and secured a $100,000 investment from Mark Cuban for 20% equity. The company, which empowers military spouses by creating handcrafted bags, has since expanded its product line and operations.
After raising over $30,000 through crowdfunding and gaining national attention, R. Riveter’s valuation has grown to an estimated $2 million. The business continues to thrive, with an online store and partnerships with retailers like QVC, while staying true to its mission of supporting military families.
R. Riveter Net Worth
Estimated Net worth | $2 million (2024) |
Annual Sales Revenue | $2 million (2023) |
Lifetime sales | $320,000 (2015) |
Investor | Mark Cuban |
Founders | Cameron Cruse and Lisa Bradley |
Employees | 11-50 |
R. Riveter Pitch on Shark Tank
Company name | R. Riveter |
Product | A handbag brand crafted by military spouses. |
Episode | Season 07 Episode 16 |
Founders | Cameron Cruse and Lisa Bradley |
Asked for | $100,000 for 20% equity |
Final deal | $100,000 for 20% equity |
Shark | Mark Cuban |
Location | Washington DC |
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R. Riveter Founders
R. Riveter was founded by Cameron Cruse and Lisa Bradley in 2011. Cameron and Lisa are military wives, and they wanted to start a business that encourages military spouses to have a stable income source to support their families. R. Riveter is a result of their passion and entrepreneurial skills. R. Riveter’s founders, Cameron Cruse and Lisa Bradley have a net worth of 2 million USD as of 2024.
Key accomplishments
Year | Accomplishment |
2016 | R. Riveter got featured on Shark Tank and secured a deal. |
2023 | Currently, R. Riveter has 21 retail locations. |
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 R. Riveter and its continued success.