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The Poplight Wall Lighting Net Worth 2024 Update (Before & After Shark Tank)

The Poplight Wall Lighting Net Worth Update (Before & After Shark Tank)

The Poplight Wall Lighting’s net worth is $100,000 as of February 2024. In 2023, company sales were $5,000. The Poplight Wall Lighting is a remort control wall light. Caroline Matthes and Rose Fierman founded this in 2020. 

In January 2024, they appeared on season 15 of Shark Tank USA and made a deal with Kevin O’Leary for $150,000 for 8% equity, plus $2/unit royalty until $500,000 is made back. Then, $1/unit royalty in perpetuity. The final valuation was $1.8 million, the same as the founder’s initial estimate.

The appearance on the show and winning a deal gave significant exposure to the business. The episode aired recently, and the company anticipates a notable boost in sales following the pitch. Currently, the product is available on the company website. It comes in six colors, and owners are working to expand the designs.

The Poplight Wall Lighting Net Worth

Net worth$100,000 (2024)
Annual Sales Revenue$5,000 (2023)
ProfitsNot available 
Lifetime salesNot available 
InvestorKevin O’Leary
Investment$150,000 for 8% equity, plus $2/unit royalty until $500,000 is made back; then, $1/unit royalty in perpetuity
FoundersCaroline Matthes and Rose Fierman
Employees<10

The Poplight Wall Lighting Net Worth Timeline

Net Worth 2024$100,000
Net worth valuation in 2024 after appearing on Shark Tank  $1.8 million
Net worth valuation in 2024 before appearing on Shark Tank  $1.8 million 

The Poplight Wall Lighting Pitch on Shark Tank

ProductA remort control wall light
EpisodeSeason 15 Episode 11
FoundersCaroline Matthes and Rose Fierman
Asked for$150,000 for 8% equity
Company nameThe Poplight Wall Lighting
Final deal$150,000 for 8% equity, plus $2/unit royalty until $500,000 is made back; then, $1/unit royalty in perpetuity
SharkKevin O’Leary
LocationDenver, Colorado

Don’t miss these products from Season 15

The Poplight Wall Lighting Founders

Caroline Matthes and Rose Fierman founded Poplight Wall Lighting in 2020. Caroline and Rose are ambitious entrepreneurs who have been working for years on developing this easy-to-install lightbulb. Rose has previous work experience in the sales as well as customer care sectors. Caroline has experience working as a mentor at a youth program. The Poplight Wall Lighting’s founders, Caroline Matthes and Rose Fierman’s net worths are unknown as of 2024.

Key accomplishments

YearAccomplishment
2023They raised $170,000 from their Kickstarter campaign.
2024The company holds a design patent and two pending patents on the technology.

The company was featured on Shark Tank and secured a deal.

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 The Poplight Wall Lighting and its continued success.

What do you think?

Written by GAG Team

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