Zomm Net Worth 2023 Update (Before & After Shark Tank)

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"Zomm" Net Worth 2023 Update

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 worthOut of Business
Annual Sales RevenueOut of Business
Profits$2 million (2012)
Lifetime sales$7.2 million (2012)
InvestorNone
FounderHenry Penix 
EmployeesN/A

Zomm Net Worth Timeline

Net Worth 2023Out of Business
Net Worth 2012$20 million
Net worth valuation 2012 before appearing on Shark Tank  $20 million

Zomm Pitch on Shark Tank

Company nameZomm
ProductTechnology to locate lost personal items
EpisodeSeason 04 Episode 04
Founder Henry Penix
Asked for$2 million for 10% equity
Final dealNo Deal
Shark None
LocationSan 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

YearAccomplishment
2012The company appeared on Shark Tank Season 04
2011They 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.