Synxsole Net Worth 2024 Update (Before & After Shark Tank)

Synxsole is a shoe company that makes healthy and comfortable footwear developed by podiatrists. Marie Lewis and Rachel Furguson started this in 2011. As of January 2024, Synxsole’s estimated net worth is $10 million. They’re pulling in a whopping $1 million in annual revenue. 

In May 2015, they appeared on season 01 of Shark Tank USA and made a deal with Andrew Banks for $100,000 for 45% equity. The final valuation was $222,222, down from the founder’s initial estimate of $444,444.

Synxsole witnessed significant business growth after its appearance on the show. Marie and Rachel eventually developed their business, which currently performs well in the market. As of January 2024, Synxsole is rebranded as SynxBody. The products are available for purchase on the company website and Amazon.

Synxsole Net Worth

Net worth$10 million *estimated (2024)
Annual Sales Revenue$1 million (2023)
Profits
Lifetime sales
InvestorAndrew Banks
FoundersMarie Lewis and Rachel Furguson
Employees<10

Synxsole Net Worth Timeline

Net Worth 2024$10 million
Net Worth 2023$10 million
Net worth valuation in 2015 after appearing on Shark Tank  $222,222
Net worth valuation in 2015 before appearing on Shark Tank  $444,444

Synxsole Pitch on Shark Tank

ProductHealthy and comfortable footwear developed by Podiatrists 
EpisodeSeason 01 Episode 13
Founders Marie Lewis and Rachel Furguson
Asked for$100,000 for 22.5% equity
Company nameSynxsole
Final deal$100,000 for 45% equity
SharkAndrew Banks
LocationSpearwood, Western Australia

Don’t miss these products from Season 1

Synxsole Founders

Marie Lewis and Rachel Furguson founded Synxsole in 2011. Rachel graduated from the University of Curtin, completing her Bachelor of Science in Podiatry. She has been working as a Podiatrist for nearly two decades. Marie also holds a degree in Podiatry from the Curtin University. She is a professional Podiatrist as well as a Pharmacist. Synxsole’s founders Marie Lewis and Rachel Furguson’s net worths are unknown as of 2024.

Key accomplishments

Year Accomplishment
2015Synxsole was featured on Shark Tank and secured a deal.
2021Synxsole’s CEO Rachael Furguson was named as a finalist for the 2021 AusMumpreneur Awards in the categories of: Product Innovation, Women’s Champion, Ausmumpreneur of the Year, and Business Excellence. 

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 Synxsole and its continued success.

Related Articles