Knife Aid Net Worth – What happened after Shark Tank?
What is Knife Aid?
Knife Aid is a service that allows you to mail your knives to get sharpened.
Simple yet effective. Knife Aid allow you to send your knives by mail, to get sharpened.
You may be wondering; how does it work? Knife Aid send you a knife-proof envelope, which reduces the risk of injuring or damaging other post then once mailed, your blade is sharpened and sent back to you. Sharper than the day you bought it!
What is Knife Aid’s Net Worth?
Company Name |
Knife Aid |
Owners |
Marc Lickfett And Mikael Soderlindh |
Shark |
Lori Greiner and Rohan Oza |
Equity |
20% |
Investment |
$500,000 |
Location |
Agoura Hills, California |
Net worth |
$2 million |
Who Are The Owners of Knife Aid?
Swedish entrepreneurs, Marc Lickfett and Mikael Soderlindh are the founders of Knife Aid.
Both, Lickfett and Sonderlindh are very successful businessmen whose separate companies have been operational for 14 years.
The idea of Knife Aid came from the partners wanting to create a business using something that consumers already owned. Majority of knife related accidents are due to people using a dull blade, therefore, to reduce this risk and make knives more efficient, they created Knife Aid.
Why is Knife Aid so Popular?
In addition to the ease and convenience of mailing dull knives, Knife Aid also aims to educate people on the importance in keeping knives sharp.
They are more efficient and safer to use when so and hope that by offering these services, the knife-related accidents will be reduced!
Shark Tank Appearance – Did It Go Through?
Following their appearance on Shark Tank, Knife Aid founders made Shark Tank History.
Four sharks chased after them in the hallway and two of them managed to secure a deal with them.
Marc Lickfett And Mikael Soderlindh went onto the Tank seeking an investment of $400,000 for 15% of the company.
All the Sharks were amazed at how well their product works and it became war. In the end, Lori and Rohan sealed the deal by teaming up them $500,000 for 20% equity. A deal the Knife Aid team quickly snatched up!
Where is Knife Aid Today?
Knife Aid is still in business today. With their headquarters in California, their services can be ordered directly from there or on their website.
Following their airing on Shark Tank, they gained a large amount of exposure however, unfortunately the deal with Lori and Rohan never closed.
Despite this, Knife Aid is still doing well and making great sales. Their annual revenue is ±2 million and is continuing to grow.
Conclusion
Since their special moment on Shark Tank, the Knife Aid team have expanded their business and are doing very well.
Not only do they sharpen knives, but they also sharpen other items such as scissors, and they also offer knife repairs!
