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.
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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.
Company name | Rumpl |
Brand | Rumpl |
Founder | Wylie Robinson |
Founded | 2013 |
Industries | Retail Apparel and Fashion |
Headquarters | 2544 NW Upshur St, Portland, Oregon, US |
Products | Blankets, Towels, Gear, Accessories |
Business Type | PVT LTD |
Patents | N/A or Zero |
Net worth | $ 13.44 Million |
Revenue | $ 6.5-8 Million |
Cash at Bank | $3.5 Million (2019-20) |
Company value | $ 15 Million |
Investors | 3 |
Also read – Pnuff Crunch After Shark Tank, Net worth, Funding, Sales, Revenue, Owner
Rumpl Blanket Shark Tank Funding
Date | 16 October 2020 |
TV show | Shark Tank Episode 1, Season 12 |
Asking for | $600,000 for 4% equity |
Final deal | No deal |
Sharks in | No Sharks |
Sharks out | All Sharks – Lori Greiner, Kevin O’Leary, Mark Cuban, Blake Mycoskie, Daymond John |
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.
Years | Annual Revenue |
---|---|
2019 | $ 6.5 Million |
2018 | $ 8.8 Million |
2017 | $ 5.3 Million |
2016 | $ 2.7 Million |
2015 | $ 950K |
2014 | $ 450K |
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.
Also read – Electra Net worth, After Shark Tank Update, Owner
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.
Social media account…
gorumpl |
FAQs
Did Rumpl get a deal on Shark Tank?
No, Rumpl did not get a deal on Shark Tank.
Who is the founder and CEO of Rumpl Blankets?
Rumpl Blankets’ founder and CEO is Wylie Robinson, a designer who worked for various companies as a senior designer before starting his own company.
How much is Rumpl Blanket worth?
Rumpl Blanket’s net worth is $ 13.44 million.