Brass Roots Shark Tank Net Worth– What Happened After Shark Tank?
What Is Brass Roots Shark Tank And Who Founded Brass Roots Shark Tank?
Brass Roots is a New Orleans-based company that offers a variety of keto-friendly, plant-based products and snacks made with organic Sacha Inchi Seeds for a nutritious and allergen-friendly source of protein, healthy fats, and fiber.
The founder and CEO of Brass Roots are Aaron Gailmor. He created the brand’s flagship product, Roasted Sacha Inchi, in 2019. The name Brass Roots comes from Gailmor’s New Orleans-based heritage.
Brass Roots appeared on Shark Tank in episode 1412 seeking an investment from the Sharks. Although they did not get a deal, the exposure from the show helped increase their sales. In March 2021, John B Sanfilippo & Son Inc., one of the largest nut processors in the world, invested $1 million in Brass Roots.
Brass Roots has been growing rapidly since its inception. It saw 100% quarterly growth in its first year and is estimated to be worth $5.7 million as of 2023
What Happened To Brass Roots At Shark Tank?
Brass Roots, a snack company that uses sacha inchi seeds as an alternative to peanuts and tree nuts, appeared on Shark Tank in January 2022 but failed to secure a deal.
The Sharks were impressed with the product samples, but Kevin O’Leary was eager to discuss the financials. Aaron shared that the company’s gross revenue was $35,000 in 2019, which grew to over $250,000 in 2020.
In 2021, Brass Roots’ sales doubled to approximately $500,000, and the company was expecting to generate $1.5 million in gross revenue in 2022.
The most successful product in Brass Roots’ lineup is the lightly salted Sacha Inchi Seeds, which cost $5.00 to produce and sell for $17.99 per bag. Daymond John was surprised by the high production cost, causing four Sharks to drop out of the deal.
While Daniel Lubetzky was still considering an offer, he ultimately decided not to invest, and Aaron was unable to secure a deal on Shark Tank.
Despite this setback, the company is still in business and seems to be doing well.
According to a 2023 update, Brass Roots has managed to expand its retail presence and is now available in even more health-food retailers. In fact, before appearing on Shark Tank, John B. Sanfilippo & Son Inc invested $1 million in the company’s Series A round.
Brass Roots sources its sacha inchi seeds from its farming partner Chan, which is based in Thailand and Laos.
Chan also works towards the cause of sourcing by providing a fair wage to the farmers and engaging in spreading health awareness as well as promoting the idea of “Snack With A Purpose”.
Since its inception in 2019, Brass Roots has been well-received in the market and has become one of the most liked alternative health-conscious and keto-friendly snacks among people with any form of nut allergy.
In summary, Brass Roots did not receive an offer from any of the Sharks on Shark Tank due to concerns about their approach to rolling over investors. However, they have continued to grow their business and expand their retail presence since then.
What Happened To Brass Roots After Shark Tank?
Brass Roots is a snack company that produces healthy snacks made from sacha inchi seeds, also known as the Incan peanut.
The founder and CEO of Brass Roots, Aaron Gailmor, appeared on Season 14 of Shark Tank hoping to secure a $400,000 investment for 7% equity. However, he did not receive an investment from any of the Sharks.
Despite not securing a deal on Shark Tank, Brass Roots is still in business and seems to be doing well. The company has managed to expand its retail presence and is now available in even more health-food retailers.
Since the inception of Brass Roots in 2019, the company has been well-received in the market.
What started as a healthy snack with a cause soon became one of the most liked alternative health-conscious and keto-friendly snacks and garnered major love amongst people with any form of nut allergy.
As of 2023, Brass Roots is estimated to be worth $5.7 million. The company’s sales doubled in 2021 to approximately $500,000 in gross revenue and were expected to generate $1.5 million in 2022.
Brass Roots Shark Tank Net Worth
As of 2023, Brass Roots is estimated to be worth $5.7 million. The company’s sales doubled in 2021 to approximately $500,000 in gross revenue and were expected to generate $1.5 million in 2022.
Brass Roots is a New Orleans-based brand of nutrient-dense, allergen-friendly snacks made from the Sacha Inchi seed. The company was founded in 2019 by Aaron Gailmor and has experienced tremendous growth since appearing on Shark Tank in January 2023.
The company has also seen a quarterly growth of 100% in its first year and continues to experience success with its products being sold online and in nearly 400 Sprouts Farmers Markets stores across the country.
Is Brass Roots Still In Business?
Yes, Brass Roots is still in business as of January 2023. Despite not securing a deal on Shark Tank, the company has managed to expand its retail presence and is now available in even more health-food retailers such as Sprouts Farmers Market and Whole Foods Market.
The company has also managed to expand its product line, launching Sacha Inchi Butter, high protein Crunch Puffs, and Roasted Sacha Inchi Seeds in early 2020.
Brass Roots is a New Orleans-based brand of nutrient-dense, allergen-friendly snacks made from the Sacha Inchi seed.
The company aims to provide a healthy alternative to snacks and also satiate the taste of people who have a nut allergy but miss the nutty flavor. Their goal is to provide accessibility to healthier foods in different communities and educate them about nutritional well-being.
In 2022, Brass Roots was expecting to generate $1.5 million in total gross revenue for the calendar year. The company’s estimated net worth is $5.7 million.
In addition, Brass Roots secured a $1 million investment commitment from John B Sanfilippo & Son, Inc., one of the largest nut processors in the world and manufacturer.
