Soulmates, Heel protectors for women’s high heels, was started by Monica Ferguson and Becca Brown in 2010. As of September 2023, Solemate’s net worth is $2.4 Million. and they’re pulling in a whopping $2 million in annual revenue.
On October 14, 2016, they appeared on Season 8 of Shark Tank USA and made a deal with Monica Ferguson and Becca Brown, for $500,000 for 20% equity. The final valuation was $2.5 Million, down from the founder’s initial estimate of $5 Million.
Solemates Heel Protectors is still in business as of 2023. Products are available on the website and Amazon.
Solemates Net Worth
| Net worth | $2.4 Million (2023) |
| Annual Sales Revenue | 2 Million (2022) |
| Profits | – |
| Lifetime sales | – |
| Investor | Robert Herjavec |
| Founders | Monica Ferguson and Becca Brown |
| Employees | 49 |
Solemates Net Worth Timeline
| Net Worth 2023 | $2.4 Million |
| Net Worth 2022 | $2 Million |
| Net Worth 2021 | $1.8 Million |
| Net Worth 2020 | $1.5 Million |
| Net worth valuation in 2016 after appearing on Shark Tank | $2.5 Million |
| Net worth valuation in 2016 before appearing on Shark Tank | $5 Million |
Solemates Pitch on Shark Tank
| Company name | Solemates |
| Product | Heel protectors for women’s high heels |
| Episode | Season 08 Episode 04 |
| Founders | Monica Ferguson and Becca Brown |
| Asked for | $500,000 for 10% equity |
| Final deal | $500,000 for 20% equity |
| Shark | Robert Herjavec |
| Location | New Rochelle, New York |
Don’t miss these products from Season 8
Solemates Founders
Solemates was founded by Monica Ferguson and Becca Brown in 2010. Both met each other at the university. Ferguson did marketing and Brown did finance. Solemates’s founders, Monica Ferguson and Becca Brown, have a net worth of USD 2.4 Million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2022 | Solemates Heel Protectors is the best protectors for ladies in 2022 |
| 2016 | Solemates Heel Protectors appeared on Shark Tank |
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 of Solemates and its continued success.