Songlorious Net Worth 2023 Update (Before & After Shark Tank)
Songlorious is a music company that offers customized songs. This was started by Ellen Hodges and Omayya Atout in 2020. As of December 2023, Songlorious’s net worth is $3 million, and they’re pulling in a whopping $2.9 million in annual revenue.
In October 2021, they appeared on season 13 of Shark Tank USA and made a deal with Mark Cuban, Kevin O’Leary, Daymond John, and Peter Jones for $500,000 for 40% equity. The final valuation was $1.25 million, down from the founder’s initial estimate of $4 million.
Although Songlorious managed to secure a deal, existing information indicates that the deal did not go through after the show. Nevertheless, Songlorious witnessed a notable growth in sales after its appearance on the Shark Tank. Songlorious has so far customized 11,000+ songs. Head to their website to make your custom song.
Songlorious Net Worth
Net worth | $3 million (2023) |
Annual Sales Revenue | $2.9 million (2023) |
Profits | – |
Lifetime sales | $1.1 million (2021) |
Investors | Mark Cuban, Kevin O’Leary, Daymond John, and Peter Jones |
Founders | Ellen Hodges and Omayya Atout |
Employees | 11-50 |
Songlorious Net Worth Timeline
Net Worth 2023 | $3 million |
Net Worth 2022 | $2.5 million |
Net Worth 2021 | $1.1 million |
Net worth valuation in 2021 after appearing on Shark Tank | $1.25 million |
Net worth valuation in 2021 before appearing on Shark Tank | $4 million |
Songlorious Pitch on Shark Tank
Company name | Songlorious |
Product | A music company that offers customized songs |
Episode | Season 13 Episode 02 |
Founders | Ellen Hodges and Omayya Atout |
Asked for | $400,000 for 10% equity |
Final deal | $500,000 for 40% equity |
Sharks | Mark Cuban, Kevin O’Leary, Daymond John, and Peter Jones |
Location | Chattanooga, Tennessee |
Don’t miss these products from Season 13
Songlorious Founders
Songlorious was founded by Ellen Hodges and Omayya Atout in 2020. Ellen and her husband, Omayya, both are passionate about listening and creating music, which paved the way for the creation of Songlorious. Before commencing Songlorious, Ellen worked as a Barista. Omayya is a Civil Engineering graduate. He worked as a Track and Terminal Supervisor, Roadmaster, and Production Manager in different organizations. Songlorious’s founders, Ellen Hodges and Omayya Atout have a net worth of 2.5 million USD as of 2023.
Key accomplishments
Year | Accomplishment |
2021 | Songlorious was featured on Shark Tank and secured a deal. |
2023 | Songlorious has onboarded 150+ professional music artists, and produced 11,000+ custom songs up to date. |
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 Songlorious and its continued success.