Zomm Net Worth 2023 Update (Before & After Shark Tank)
Zomm, a vibration machine for phones, was started by Henry Penix in April 2011. Zomm’s net worth was $20 million at the time of their pitch in 2012 based on the $2 million for 10% equity of the company.
They appeared on Season 04 of Shark Tank USA in 2012. But the Sharks were interested in something other than investing in Zomm. Henry Penix couldn’t catchy explain to the Sharks; hence, the Sharks were not ivested in the company.
The product is no longer available in the market. According to our online research, Zomm went out of business in 2018.
Zomm Net Worth
| Net worth | Out of Business |
| Annual Sales Revenue | Out of Business |
| Profits | $2 million (2012) |
| Lifetime sales | $7.2 million (2012) |
| Investor | None |
| Founder | Henry Penix |
| Employees | N/A |
Zomm Net Worth Timeline
| Net Worth 2023 | Out of Business |
| Net Worth 2012 | $20 million |
| Net worth valuation 2012 before appearing on Shark Tank | $20 million |
Zomm Pitch on Shark Tank
| Company name | Zomm |
| Product | Technology to locate lost personal items |
| Episode | Season 04 Episode 04 |
| Founder | Henry Penix |
| Asked for | $2 million for 10% equity |
| Final deal | No Deal |
| Shark | None |
| Location | San Jose, USA |
Don’t miss these product from Season 04
Zomm Founder
Zomm was founded by Henry Penix in 2011. Henry Penix, the leading developer of Zomm, co-founded it with his wife Laurie. Before Zomm, they ran Koala Care Preschool. Now, Henry leads Soak, focusing on mental health solutions. Zomm’s founder, Henry Penix, has a net worth unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2012 | The company appeared on Shark Tank Season 04 |
| 2011 | They invested more than $1 million in research and development. Additionally, they have $2 million worth of excess inventory due to overproduction for the 2011 Holiday season. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Zomm was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Zomm went out of business in 2018. And the product is no longer available in the market.
