Aqua Vault is a type of smart box that keeps valuable things safe. The box has three different combinations for the locking system. Only the owner can unlock the box with the unique combination. Basically, people need a safe box to keep their things safe when they are going to a beachside or swimming pool.
Aqua Vault Shark Tank Overview:
| Company Name | Aqua Vault |
| Founder | Johnathan Kinas, Rob Peck and Alvin Samtani |
| Founded | 2011 |
| Product | portable outdoor safe for keeping personal items safe while at the beach |
| Asked For | $75,000 for 12% |
| Final Deal | $75,000 for 25% |
| Shark | Daymond John |
| Episode (Shark Tank US) | SEASON 6 EPISODE 22 |
|---|---|
| Air Date | March 13, 2015 |
| Business Status | In Business |
| Aqua Vault Net Worth 2023 | $20 Million |
Aqua Vault is a type of mini-size locker box which can hold your money, phone, and other necessary things when you are going to have a good time in the water. Nobody else can open the box until you open it with the correct combination. Aqua Vault is also waterproof but you can keep it outside of water safely. Aqua Vault became widely known after Shark Tank airing.
Aqua Vault Shark Tank Update:
Three entrepreneurs went to the Shark Tank season 6 episode 22 represented the product of Aqua Vault. They took the product with them and show the practical use of Aqua Vault in front of the Sharks. Then they explained the benefits of the product and the business plan for running the company.
At last, it was time to ask for the investment so, the founders of Aqua Vault asked for $75 thousand US dollars and offered a 12% share of the company. Finally, they made a deal with investor Daymond John for a 25% share and got the demanding valuation.
What happened to Aqua Vault after Shark Tank?
After Shark Tank’s appearance, Aqua Vault has become more popular than before. The company was quite popular before Shark Tank, but people across the United States of America knew about it after Shark Tank season 6.
Aqua Vault is now a very successful brand, making millions of dollars in revenue every month. After Shark Tank, Aqua Vault’s annual revenue also increased quickly.
Aqua Vault Net Worth 2024:
Aqua Vault is an American tech company with $20 million US dollar net worth in 2024. The product price of Aqua Vault company is $22 for each piece. Here, the manufacturing cost of each product is $10.
The annual revenue of Aqua Vault was $100 thousand US dollars in the first year, but, at present, this company’s annual revenue is more than $5 million US dollars. The lifetime revenue of this company till 2023 is $26.5 million US dollars.
Aqua Vault Founders:
Three entrepreneurs Avin Samtani, Rob Peck and Jonathan Kinas have founded Aqua Vault company to make something different for the people. They have built different type of vaults which can be carried at any place. At present, Aqua Vault is a successful company and the founders of this company are millionaires individually.
Aqua Vault, Inc., formerly Aqua Vault, LLC was formed on March 7, 2011 in the State of Florida. On July 18, 2019, Aqua Vault, LLC converted to Aqua Vault, Inc., a Delaware Corporation (collectively, the “Company”). The Company’s headquarters are located in Aventura, Florida.
