Signal Vault, which protects your credit and debit card info from being stolen, was started by Chris Gilpin in September 2013. As of November 2023, Signal Vault net worth is $5 million. And they’re pulling in a whopping $1 million in annual revenue.
In October 2015, they appeared on season 7 of Shark Tank USA. And made a deal with Lori Greiner and Robert Herjavec, for $200,000 for 25% of equity. The final valuation was $800,000, down from the founder’s initial estimate of $1.6 million.
Signal Vault is still in business. Their website is active and they are selling their products on Amazon and other retailers. The company has since grown significantly and its products are now used by millions of people around the world. To know more details about their business, visit their official website.
Signal Vault Net Worth
Net worth | $5 million (2023) |
Annual Sales Revenue | $1 million (2023) |
Profits | Not publicly available |
Lifetime sales | Not publicly available |
Investor | Lori Greiner and Robert Herjavec |
Founder | Chris Gilpin |
Employees | Not publicly Available |
Signal Vault Net Worth Timeline
Net Worth 2023 | $5 million |
Net Worth 2022 | $5 million |
Net worth valuation 2015 after appearing on Shark Tank | $800,000 |
Net worth valuation 2015 before appearing on Shark Tank | $1.6 million |
Signal Vault Pitch on Shark Tank
Company name | Signal Vault |
Product | Protects your credit and debit card info from being stolen |
Episode | Season 7 Episode 2 |
Founder | Chris Gilpin |
Asked for | $200,000 for 12.5% Equity |
Final deal | $200,000 for 25% Equity |
Sharks | Lori Greiner and Robert Herjavec |
Location | Sanford, Florida |
Don’t miss these product from Season 07
Signal Vault Founder
Chris Gilpin found Signal Vault in 2013. Gilpin is a self-taught inventor and entrepreneur who has been featured on Shark Tank and other popular television shows. Signal Vault’s founder, Chris Gilpin, has a net worth of $4 million as of 2023.
Key accomplishments
Year | Accomplishment |
2015 | Appeared on Shark Tank season 7 and Lori Greiner and Robert Herjavec invested $200,000 for 25% Equity |
2017 | Expanded its product line to include RFID blocking wallets, passport protectors, and key fobs |
2018 | Won the Silver Stevie Award for Fastest-Growing Company of the Year |
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 Signal Vault and its continued success.