Singtrix, a karaoke machine, was started by Eric Berkowitz and John Decka in 2011. Unfortunately, Current net worth of Singtrix is unknown. But as of 2022, it had $5 million net worth.
In October 2014, they appeared on Shark Tank USA seeking, $1.5 million for 5% valuing the company at $30 million. The Sharks liked their products and made different offers. However, Singtrix founders John and Eric disagreed with the Sharks’ proposed conditions.
As of September 2023, Singtrix is still in business. You can purchase Singtrix products through e-commerce channels like their website and Amazon.
Singtrix Net Worth
|Net worth||$5 million (2022)|
|Annual Sales Revenue||$4 million|
|Shark Tank Investor||None|
|Founders||Eric Berkowitz and John Decka|
Singtrix Net Worth Timeline
|Net Worth 2023||N/A|
|Net Worth 2022||$5 million|
|Net Worth 2021||$4.5 million|
|Net Worth 2020||$4 million|
|Net worth valuation 2014 before appearing on Shark Tank||$30 million|
Singtrix Pitch on Shark Tank
|Product||Karaoke singing machine|
|Episode||Season 06 Episode 07|
|Founders||John Devecka and Eric Berkowitz|
|Asked for||$1,500,000 for 5% equity|
|Final deal||No deal|
|Location||New York, United States|
Singtrix was founded by John Devecka and Eric Berkowitz in 2011. John Devecka, an entrepreneur who has started and sold several successful businesses, the CEO, founder and inventor with patents for hugely successful products in the music technology and video gaming industries. Eric is a serial entrepreneur known for creating innovative consumer products, media ventures, and tech companies. Singtrix’s founders, John Devecka and Eric Berkowitz, have a net worth of 5 million USD as of 2023.
In 2019, they conducted a highly successful crowdfunding campaign on IndieGoGo, gathering an impressive $330,739 in funding.
|2014||The company appeared on Shark Tank Season 06|
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 Singtrix and its continued success.