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

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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 Revenue2 Million (2022)
Profits
Lifetime sales
InvestorRobert Herjavec
FoundersMonica Ferguson and Becca Brown
Employees49

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 nameSolemates
ProductHeel protectors for women’s high heels
EpisodeSeason 08 Episode 04
Founders Monica Ferguson and Becca Brown
Asked for$500,000 for 10% equity
Final deal$500,000 for 20% equity
SharkRobert Herjavec
LocationNew 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

YearAccomplishment
2022Solemates Heel Protectors is the best protectors for ladies in 2022
2016Solemates 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.