Rumpl Blanket Net worth 2024, After Shark Tank, Funding, Sales, Revenue, Owner

Rumpl is a premium blanket company and they make high-quality, lightweight, and waterproof new-age blankets. As a certified Benefit Corporation, the company gives 1% of all sales to environmental causes. In 2020, the founder Wylie Robinson was seeking $600,000 for a 4% stake at the Shark Tank. As of 2024, Rumpl’s net worth is $13.44 million.

Rumpl Blanket Net Worth

Rumpl is a Portland, Oregon-based blanket company that makes money by selling a variety of blankets, towels, gear, and accessories. Their best-selling product is puffy blankets which prices ranging from $70 to $400.

American one of the well-known brands Rumpl ’s estimated net worth is $13.44 million including assets, goodwill, and brand value.

In 2018, the startup successfully raised 3.8 million dollars in an A round, and prior to that, they went through two seed rounds which raised around a million dollars.

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Rumpl Blanket Shark Tank Funding

Rumpl Revenue

The company’s annual revenue showed a steady increase from $450K in 2014 to $8.8 million in 2018. Then, In 2019, revenue slightly decreased to $6.5 million and was projected to be $8 million the following year.

Rumpl Blanket Shark Tank Pitch, Offer, and Video

Rumpl founder Wylie Robinson was seeking $600,000 for a 4% stake a $15M valuation.

Here’s the pitch among the sharks and Wylie…

Mark Cuban: Mark was out by saying, I’m not buying the whole and I can’t get sports licensing help without you guys so for those reasons I’m out.

Kevin O’Leary: Kevin was interested to invest in the company, Wylie made an offer $600,000 loan with 10% interest, to be paid back over two years, and an additional 5% of all revenue generated in the sports license channel.

Daymond John: John made a counteroffer against Wylie’s offer – A loan of $600,000, with an interest rate of 10% and 5% of all sales revenue generated in the sports license channel for a period of two years.

Blake Mycoskie and Daymond John: Combined offer, $600K as a loan for a royalty of 5% (2.5% each) of all sales for 2 years plus 4% equity.

Kevin O’Leary: Kevin countered with $600K for a royalty of $10 per sale until $1.8 million is paid plus 4% equity.

Lori Greiner: Without making any offer, Lori said I’m out.

Blake Mycoskie and Daymond John: Blake made a new offer – $600K as a loan for a royalty of 5% of all sales for 2 years plus 10% equity.

Founder Wylie Robinson: Wylie countered $600K as a loan for a royalty of 2.5% of all sales for 2 years plus 4% equity.

Blake Mycoskie: Blake as a single shark offered $600K as a loan for a royalty of 5% of all sales for 2 years plus 10% equity.

Founder Wylie Robinson: Wylie didn’t accept the offer.

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Rumpl Blanket After Shark Tank

After Shark Tank, Rumpl has grown very fast because they get free international reach. In 2019, when they went to Shark Tank then their base product Rumpl blanket was priced at $100 but as of 2023, they increase their base product price to $125 which brings more revenue to their bank.

Rumpl has hired new people in the company in various roles like creative director, sales and marketing coordinator, national sales manager, etc.

According to The NPD Group, Rumpl is the Fastest Growing Camping Brand in 2023.

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