According to the most recent information from Shark Tank, Blueland’s current net worth stands at $9 million. Kevin O’Leary made a $270,000 investment in the company in exchange for a 3% ownership stake.
Blueland Net Worth
| Net Worth | $9 Million |
| Annual Revenue | $2.7 Million |
| Profits | $1 Million |
| Lifetime Sales | $10.2 Million |
| Employees | 5 |
| Investor | Kevin O’Leary |
Additionally, as part of the agreement, Kevin will receive a $0.50 royalty for each unit sold until he recoups his initial investment.
Sales
When Blueland appeared on Shark Tank, The company had been in business for just one month at the time of filming with sales of $220,000. They are 100% direct-to-consumer, selling online, but are about to launch with a national retailer.
Following their appearance on Shark Tank, Blueland has experienced consistent annual revenue growth of 50%. As of the current date, Kevin O’Leary has not only recovered his initial $275,000 investment through the royalty arrangement.
That’s not all. He also realized $310,000 in profits from his involvement with the company, marking it as an immensely successful investment for him.
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Shark Tank Pitch
Sarah and Syed presented Blueland in the first episode of Season 11 of Shark Tank. Daniel Lubetzky, the first interested shark, proposes $1 million for a 25% stake and invites Lori Grenier to join, offering a solo deal as well.
Lori expresses interest, but Kevin intervenes, offering $270,000 for 5% equity plus 1% in advisory shares. Robert Herjavec comments on the challenge of changing consumer behavior and opts out.
Lori and Daniel revise their offer to $270,000 for 8% equity. Mark Cuban believes Blueland’s intention was primarily publicity and opts out of the deal.
Following additional discussions, Sarah and Syed reached an agreement with Kevin, securing $270,000 in exchange for a 3% ownership stake.