Grypmat Shark Tank Update | What Happened to Grypmat after Shark Tank?

What is Grypmat?

The Grypmat is an innovative tool that solves the problem of tools slipping away while in use. It is an orange sticky pad that keeps a variety of tools securely in place, allowing the user to focus on the task at hand.

The inventor, Tom Burden, a former air force technician, used his experience as a teenage mechanic in the military to design and create the product.

He even sacrificed his house to fund the development and now has plans to expand the business by creating a more affordable version for DIY enthusiasts.

Who is the founder of Grypmat?

In 2013, Tom Burden, an F-16 weapons technician in the US Air Force, came up with the idea for Grypmat, a non-slip flexible tool mat, after getting frustrated with his tools slipping off airplanes while he worked.

He successfully crowdfunded the product on Kickstarter in early 2017, raising over $133,000. By July of that year, all of the Grypmats had been delivered to backers.

Originally designed for use on airplanes, the silicone mat, which adheres to any surface and features little troughs to keep tools in place, has since been adopted by mechanics and DIY enthusiasts.

It is described as a chemical-resistant and anti-static rubber tool mat that can be used at extreme angles and on various work surfaces. It is available in three sizes and can be purchased in a pack of three for $129.00.

What Happened to Grypmat at Shark Tank pitch?

In Shark Tank episode 912, Tom Burden presents his product, Grypmat, a tool mat that can cling to nearly any surface, to the Sharks in hopes of gaining an investment.

He is seeking $200,000 for a 10% stake in his company, which is valued at $2 million. Tom, a former military F-16 technician, created the product to address the challenges of keeping equipment organized while working on planes.

He demonstrates the product’s ability to hold tools and components at a 70 degree angle and mentions its potential use in various industries.

The Sharks express interest and ultimately offer $360,000 for 30% equity in the company, with Robert, Daymond, Mark, Lori, and Sir Richard contributing.

What Happened to Grypmat after Shark Tank?

Lori, Mark, and Richard signed a deal with Grypmat, which resulted in a significant increase in sales after the program aired.

The company also began assisting with international distribution with the help of Lori, Mark, and Richard. In season ten, episode 1017 of the program, there is an update on the company, including an agreement with the Air Force.

Richard Branson uses the product extensively throughout his various business ventures and in 2019, at his request, the company moved all sales online.

The move proved to be successful, as the Covid-19 pandemic greatly impacted retail in 2020. As of January 2022, the company continues to operate and generates over $1 million in yearly sales.

Net Worth of Grypmat

During the pitch, the company was valued at $2 million. Following an investment from three Sharks, the company’s worth dropped to $1.2 million. However, it is possible that the company’s net worth has since increased.

Grypmat FAQs

What is Grypmat?

A Grypmat is a non-magnetic, non-slip, chemical resistant and anti-static rubber tool mat that may be used to secure instruments at extreme angles (up to 70 degrees) on a variety of work surfaces.

They are available in three sizes.

Who is the founder?

The founder of Grypmat is Tom Burden.

How much was Tom seeking on Shark Tank?

Tom was seeking for $200,000 for a 10% stake in Grypmat.

Did he have the deal?

Yes, Tom had the deal with three sharks by the time he left the tank.

How much was the deal?

They offered $360,000 for 30% stake of the company.

Is Grypmat still in business?

Yes, the company is still in business as of January 2022.

Where is the company located?

The company is based in Santa Fe Springs, California, USA.

What year was Grypmat founded?

The company was founded in 2013.

Where can I buy Grypmat?

Customers can purchase Grypmat for $129 directly from the official website at http://www.grypmat.com. They may also find them on Amazon and other popular retail sites.

How popular is Grypmat?

Grypmat has been featured in publications such as Popular Mechanics and Military Times. They are also available through its website where they sell more than 5,000 units per month.

Is Grypmat shipping?

Grypmat offers free shipping.

What is Grypmat delivery period?

Grypmat offers free shipping including 8-12 days delivery.

How much will Grypmat cost?

Grypmat is available in three sizes and prices are as follows: Small: $19.99, Medium: $27.99, Large: $39.99

Are there any discounts available?

There are no special discounts available.

Is there a warranty offered by the company?

Yes, Grypmat offers a limited one year warranty covering defects in materials or workmanship.

Is Grypmat offer affiliate program?

Yes, Grypmat offers affiliate program.

How can I contact Grypmat?

Customer may contact Grypmat by email at info@grypmat.com.

Who is the CEO?

The current CEO of Grypmat is Tom Burden.

What is the net worth of Tom Burden?

The net worth of Tom Burden was estimated to be $1.2 million.