Flated has a net worth of $15 million USD. Flated, the company behind the world’s first inflatable truck topper and other inflatable automotive accessories, pitched their idea on Shark Tank.
The founders, Ken Hovey, Mooney Kiefer, and Ryan Gay, were seeking $350,000 for a 5% stake in their company. Daymond John invested in the company.
Flated Net Worth
| Net Worth | $15 Million |
| Annual Sales | $9.2 Million |
| Founders | Ken Hovey, Mooney Kiefer |
| Asked For | $350k for a 5% equity |
| Shark Tank Deal | $300k for 8% Royalty |
| Investor | Daymond John |
| Lifetime Sales | $25 Million |
Flated Sales Revenues
Since appearing on Shark Tank, Flated expanded its product line and secured distribution deals with major retailers. As of today, the company generates a whopping $750,000 in monthly revenues.
The company is on track to double its sales in the next two years, making it one of the most successful products to be pitched on Shark Tank.
Returns for Daymond John
Daymond invested $350,000 into Flated in exchange for an 8% royalty on every unit sold. Once his investment was paid back, the royalty would drop to 5%.
As of today, he has earned $680,000 in royalties, which means he has already recovered double his initial investment.
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Shark Tank Pitch
Ken Hovey, Mooney Kiefer, and Ryan Gay, founders of Flated, presented the world’s first inflatable truck topper on Shark Tank.
The Air Topper, a lightweight, inflatable shell, can be mounted on a truck bed and inflated with an electric pump, transforming a truck into a spacious cargo space quickly.
Mooney highlighted its lightweight design, while Ryan emphasized its versatility and cost-effectiveness.
The Sharks were intrigued. Mark Cuban found it amusing, Lori Greiner liked the convenience, but Kevin O’Leary questioned its durability.
Barbara Corcoran offered $350,000 for 25% equity, Mark countered with $350,000 for 20%, and Kevin offered $350,000 for 33%. Daymond John proposed $350,000 for an 8% royalty.
Flated secured major retail partnerships, expanded their product line, and became an industry leader in inflatable automotive accessories.