Monica Ferguson and Becca Brown created Solemates to keep high heels from sinking into grass and other soft surfaces. They pitched their idea on Shark Tank in 2016, seeking $500,000 for 10% equity. While they struck a deal with Robert Herjavec for 20%, the agreement didn’t close.
Despite this, Solemates expanded into over 4,000 CVS stores and grew their product line to include blister balms and weather protectors. As of 2025, the company generates $2 million in annual revenue and is valued at $2.4 million. Solemates remains a go-to brand for footwear protection and comfort.
Solemates Net Worth
| Estimated Net worth | $2.4 Million (2025) |
| Annual Sales Revenue | 2 Million |
| Investor | Robert Herjavec |
| Founders | Monica Ferguson and Becca Brown |
| Employees | 49 |
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 |
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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 2025.
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.
