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SnapClips Net Worth 2023 Update (Before & After Shark Tank)

SnapClips is a silicone and velcro lock weight collar. This was founded by Martin Dimitrov in 2017. As of December 2023, SnapClips’s net worth is $4.5 million. They’re pulling in a whopping $5 million in annual revenue. 

In January 2018, they appeared on Season 09 of Shark Tank USA and made a deal with Mark Cuban, Lori Greiner, and Alex Rodriguez for $150,000 for 30% of equity. The final valuation was $500,000, down from the founder’s initial estimate of $1 million.

SnapClips has been performing well in the market since its appearance on the show. Martin could expand and develop SnapClips over time, and as of December 2023, it is still active in the market. Head to the company website or Amazon to get their products. 

SnapClips Net Worth

Net worth$4.5 million (2023)
Annual Sales Revenue$5 million (2022)
Profits
Lifetime sales$6 million (2023)
InvestorsMark Cuban, Lori Greiner, and Alex Rodriguez
FounderMartin Dimitrov
Employees11-50

SnapClips Net Worth Timeline

Net Worth 2023$4.5 million
Net Worth 2022$4.5 million
Net Worth 2021$2 million
Net worth valuation in 2018 after appearing on Shark Tank  $500,000
Net worth valuation in 2018 before appearing on Shark Tank  $1 million

SnapClips Pitch on Shark Tank

Company nameSnapClips
ProductA silicone and velcro lock weight collar
EpisodeSeason 09 Episode 18
Founder Martin Dimitrov
Asked for$150,000 for 15% equity
Final deal$150,000 for 30% equity
SharksMark Cuban, Lori Greiner, and Alex Rodriguez
LocationProspect Heights, Illinois 

Don’t miss these products from Season 9

SnapClips Founder

Martin Dimitrov founded SnapClips in 2017. Martin graduated from the University of Illinois Urbana-Champaign, majoring in Entrepreneurial Studies. Martin has always had a passion for kickstarting his own business, and he was an undergraduate when he appeared on Shark Tank. He also has experience working as a Sales Representative. Currently, he is the CEO of SnapClips and Copper Universal. SnapClips’s founder, Martin Dimitrov has a net worth of over 2 million USD as of 2023.

Key accomplishments

YearAccomplishment
2018SnapClips was featured on Shark Tank and secured a deal.

SnapClips conducted a Kickstart campaign generating over $23,000.

SnapClips became available in 30+ countries by the end 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 SnapClips and its continued success.

What do you think?

Written by GAG Team

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