Numilk secured one of the largest deals in Shark Tank history. Mark Cuban invested $2 million into a plant-based milk machine company that was losing millions. Four years later, the company has a $70 million valuation, over $55 million in lifetime sales, and machines in more than 500 cafes across the United States.
What is Numilk?
Numilk is a plant-based milk system that lets you make fresh almond, oat, cashew, and other dairy-free milks at the push of a button. The concept started with large kiosk-style machines placed in grocery stores and has since expanded to include commercial machines for cafes and a countertop home version. The milk is made fresh from proprietary pouches containing whole nuts or grains, with no preservatives, fillers, gums, or artificial additives. The result has a 7-10 day shelf life and must be refrigerated. Current flavours include almond, oat, chocolate oat, matcha latte, golden milk (coconut, maple, turmeric, and ginger), and seasonal specialties like black sesame and vegan egg nog.
Who Are Joe Savino and Ari Tolwin?
Joe Savino and Ari Tolwin are beverage industry veterans who co-founded Numilk in 2017. The idea reportedly started as a sketch on a napkin. Savino has a background in aviation catering and co-founded Harvest Beverage Group, a beverage contract packing company. Tolwin is a serial entrepreneur with an MBA from Duke University who previously co-founded Happy Tree Maple Water and served as its CEO. Tolwin made the bold decision to shut down Happy Tree to commit fully to Numilk.
The Shark Tank Pitch
Numilk appeared on Shark Tank Season 12, Episode 18, which aired in March 2021. Joe Savino and Ari Tolwin entered seeking $1 million for 5% equity, valuing the company at $20 million. The $1 million ask immediately caught the Sharks’ attention. Mark Cuban came on stage to operate the machine himself and declared the milk “incredible.” All the Sharks liked the taste. However, the financials raised concerns. The company had raised $12 million from investors but had burned through most of it on R&D. First year revenue was just $40,000. Second year was $320,000 with a $3 million loss. In 2020, revenue was only $400,000 with a $2 million loss, partly due to COVID preventing new machine installations. Barbara Corcoran went out first. Daymond John and Lori Greiner followed. Kevin O’Leary then surprised everyone by offering $1 million as a loan at 9.5% interest for 5% equity. Mark Cuban countered with $2 million total, structured as $1 million for 7% equity plus a $1 million loan at 3% interest for an additional 3% in advisory shares. The founders accepted Cuban’s deal.
What Happened to Numilk After Shark Tank?
The deal with Mark Cuban closed. The partnership with a plant-based-friendly billionaire proved transformative. Numilk launched three Kickstarter campaigns capitalising on the Shark Tank exposure, raising over $222,000 from nearly 900 backers. The company went through a strategic pivot, shifting focus from grocery store kiosks to commercial machines for cafes and a home countertop model. The home version launched in early 2024 at $199-$249, with the commercial Numilk Pro selling for $1,399. As of 2025, Numilk machines are in over 500 cafes and coffee shops across the US, including roughly 10% of Lifetime Fitness gyms. The home countertop model is available for purchase through the Numilk website. In 2023, the company partnered with Hamilton Beach for manufacturing. Revenue has grown to approximately $13 million annually, with lifetime sales exceeding $55 million. The company has expanded its flavour range significantly and now offers shipping to Canada.
Numilk Net Worth 2026
As of 2026, Numilk has an estimated valuation of $70 million, with annual revenue of approximately $13 million and lifetime sales exceeding $55 million. The company that was losing $2-3 million a year when it appeared on Shark Tank has become one of Mark Cuban’s most significant plant-based investments. The original pitch valued the company at $20 million. Four years later, that valuation has more than tripled.
Where to Buy Numilk
The Numilk Home countertop machine is available through the official website at numilk.com, starting at $199. Numilk pouches for making fresh plant-based milk are also available on the website. Fresh Numilk is served at over 500 cafes across the United States.
Is Numilk still in business?
Yes, Numilk is thriving as of 2026. The company has machines in over 500 cafes, a home countertop model available for consumers, and annual revenue of approximately $13 million.
How much is Numilk worth in 2026?
Numilk has an estimated valuation of $70 million as of 2026, with lifetime sales exceeding $55 million. This represents a significant increase from the $20 million valuation at the time of its Shark Tank appearance.
Did Mark Cuban invest in Numilk?
Yes, Mark Cuban invested $2 million in Numilk, structured as $1 million for 7% equity and a $1 million loan at 3% interest for an additional 3% in advisory shares. The deal closed and Cuban has been actively involved in the company’s growth.
Where can I buy a Numilk machine?
The Numilk Home countertop machine is available on the official website at numilk.com starting at $199. Fresh Numilk is also served at over 500 cafes across the US.