Metric Mate Shark Tank Net Worth-What Happened After Shark Tank?
What Is Metric Mate Shark Tank And Who Founded Metric Mate Shark Tank?
Metric Mate is a data analytics device that turns any gym equipment into “smart” equipment.
It is a digitally data-driven fitness firm founded by Ecleamus Ricks, Braxton Davis, and MT Strickland. The founders of Metric Mate are M-T Strckland, Braxton Davis, and Ecleamus Ricks.
They will pitch their business to the Sharks in episode 1411 of Shark Tank. The company uses T.A.P (training accountability partner) technology to help keep track of workout regimens and monitor training performance.
The appearance of Metric Mate on Shark Tank marks the beginning of a critical year in the company’s continuing growth. The founders hope to get funding from the Sharks to get their company moving. They need a Shark to help build inventory and boost pre-orders.
Metric Mate Update
Metric Mate is a smart fitness device that collects workout data to hold people accountable during their fitness training. It uses T.A.P. technology to transform training equipment into smart equipment.
The T.A.P. sensor gives users the ability to track their workouts and seamlessly transmit data via Bluetooth to the Metric Mate app. The app collects, stores, analyzes, and allows users to share their strength training workout details with friends, family, trainers, and social media followers.
The device can be attached to any equipment, including free weights, machines, and cardio equipment.
Metric Mate appeared on Shark Tank Season 14 with the hopes of raising $100,000 in exchange for 5% equity. However, they did not receive a deal from the sharks.
Since then, Metric Mate has continued to grow their company and has raised investment in 2022, with the current estimated worth of $2 million. The company is reportedly making under $5 million and is showing promising growth.
Metric Mate has pivoted into the B2C market and is now focused on getting its personal workout tracker into the hands of individuals working on their fitness goals.
The pitch has changed a lot about the future of the business, and the new focus accelerated the startup’s goal of getting Metric Mate’s into the hands of individuals.
The Shark Tank exposure brought new cash flow, new pre-orders, and a new community, as well as new investors to the table. Metric Mate’s technology has even served as the scorekeeper for a weightlifting competition in 2022.
How Does Metric Mate Works?
Metric Mate is a training accountability platform that offers two innovative products to help users improve their strength training routine: the T.A.P Sensor and the T.A.P Assessment.
The T.A.P Sensor is a patented device that tracks workouts and seamlessly transmits data via Bluetooth to the Metric Mate app.
The sensor can be attached to any piece of gym equipment, and it logs all exercises, counts calories burned, and tracks metrics such as force exertion, muscular fatigue, rep tempo, and power level.
The app collects, stores, analyzes, and allows users to share their strength training workout details with friends, family, trainers, and social media followers.
The T.A.P Assessment is a comprehensive fitness assessment that measures strength, endurance, and flexibility. It is designed to help users track progress on their fitness journey and identify areas for improvement. The assessment is available in Metropolitan Atlanta, Georgia.
The Metric Mate app is available for free on iOS and Android. Users can download the app to receive notifications about discounts, new services, competitions, and specials as they roll out.
The app also provides pre-workout, real-time, and post-workout guidance from a virtual assistant or a personal trainer. Personal trainers and coaches can use the app to remotely check in with clients and hold them accountable for their training regimen.
The T.A.P Sensor costs $199, and there will be in-app upgrades and subscription fees for the premium version of the app. The Metric Mate is a comprehensive and innovative platform that helps users to improve their strength training routine and reach their fitness goals.
It is a valuable partner for anyone looking to take their training to the next level.
What Is The Current Valuation Of Metric Mate?
The current valuation of Metric Mate is $2 million. The founders of Metric Mate, M-T Strckland, Braxton K. Davis, and Ecleamus Ricks Jr., appeared on Shark Tank Season 14 Episode 11 and asked for $100,000 for 5% equity at a $2 million valuation.
They did not accept the investment, and the investing sharks are unknown. However, Metric Mate has secured additional funding and partnerships, leading to an estimated net worth of $2 million as of 2023.
In July 2022, Metric Mate raised $120,000 in an accelerator/incubator deal. The company was founded in 2017 and offers a fitness platform that tracks workouts, provides feedback, and offers performance data through mobile applications.
The company’s platform is intended to cater to users who want accurate data to achieve their fitness goals. The executive team of Metric Mate includes Ecleamus Ricks Jr. as the Chief Technology Officer, Braxton Davis as a co-founder, and M-T Strickland as a co-founder.
Table: Metric Mate Shark Tank Summary
| TOPIC | INFORMATION |
| Name of product | Metric Mate |
| Founders | Ecleamus Ricks, Braxton Davis, and MT Strickland |
| Shark Tank appearance | Season 14, Episode 11 |
| Ask on Shark Tank | $100,000 for 5% equity |
| Valuation on Shark Tank | $2 million |
| Shark offers | Kevin O’Leary offered $100,000 for 25% equity |
| Investment received | None on Shark Tank, but they raised $120,000 in an accelerator/incubator deal in July 2022 |
| Current net worth | $2 million |
| Product description | A smart fitness device that collects workout data to hold people accountable during their fitness training. It uses T.A.P. technology to transform training equipment into smart equipment. The device can be attached to any equipment, including free weights, machines, and cardio equipment. |
| Metric Mate app | Available for free on iOS and Android. It collects, stores, analyzes, and allows users to share their strength training workout details with friends, family, trainers, and social media followers. Users can receive pre-workout, real-time, and post-workout guidance from a virtual assistant or a personal trainer. Personal trainers and coaches can use the app to remotely check in with clients and hold them accountable for their training regimen. |
| T.A.P. Sensor | A patented device that tracks workouts and seamlessly transmits data via Bluetooth to the Metric Mate app. It logs all exercises, counts calories burned, and tracks metrics such as force exertion, muscular fatigue, rep tempo, and power level. The T.A.P. Sensor costs $199. |
| T.A.P. Assessment | A comprehensive fitness assessment that measures strength, endurance, and flexibility. It is designed to help users track progress on their fitness journey and identify areas for improvement. The assessment is available in Metropolitan Atlanta, Georgia. |
What Happened To Metric Mate At Shark Tank?
Metric Mate appeared on Shark Tank Season 14, hoping to raise $100,000 in exchange for 5% equity. The sharks seemed impressed with the demonstration of the smart-fitness device but were not convinced that the investment was worth it.
Kevin O’Leary offered $100,000 for 25% equity, but after some intense counteroffers, the three entrepreneurs decided to pass and Metric Mate left without a deal.
Despite not getting a deal on Shark Tank, Metric Mate received an outpouring of public support and interest in their product. They are currently offering pre-orders of their T.A.P.
Sensor that works with strength training machines or free weights. However, they are still looking for investments from the Sharks to increase their inventory and promote their products.
Metric Mate is a data analytics company whose patented technology transforms strength training equipment into SMART equipment.
Their product can turn any gym equipment into a smart one, and the sensors can track progress in terms of calories burnt, muscular fatigue, rep tempo, force exertion, and others. The company was started in 2017 by three friends who wanted to give people a healthier life.
What Happened To Metric Mate After Shark Tank?
Metric Mate appeared on Shark Tank Season 14, asking for $100,000 in exchange for 5% equity. Although the sharks seemed to like the demonstration, they were not convinced that the investment was worth it.
Kevin O’Leary offered $100,000 for 25% equity, but the three entrepreneurs decided to pass and Metric Mate left without a deal.
After Shark Tank, Metric Mate continued to grow their business. In 2022, they received funding from Techstars and were backed by the Atlanta Accelerator program.
They have also been ranked among Georgia’s “Top 40 Innovative Companies”. However, as of March 2023, there is no recent update on their progress or current standing in the market
Metric Mate Shark Tank Net Worth
Metric Mate has an estimated net worth of $2 Million at the time of hark tank pitch. It technology company that was featured on Shark Tank America in January 2023.
The company has experienced tremendous growth and success since appearing on the show.
Metric Mate’s founders, M-T Strckland, Braxton K. Davis, and Ecleamus Ricks, Jr., have a combined net worth of $2 Million as of 2023.
Metric Mate offers a free mobile app that collects, stores, analyzes, and allows users to share their strength training workout details with friends, family, trainers, and coaches.
The company also sells smart fitness devices that use “TAP Technology” to transform training equipment into smart equipment.
The three founders pitched their business idea to the sharks on Shark Tank Season 14 Episode 11 and asked for $100,000 for 5% equity at a $2 Million Valuation. However, they did not get the deal as Kevin offered 25% equity but the founders refused.
Despite not getting the deal in Shark Tank, Metric Mate has continued to grow their company since appearing on the show. At the time of writing (March 11th, 2023), it looks like the Metric Mate is still only available for preorders through the official website.
Is Metric Mate Still In Business?
Yes, Metric Mate is still in business as of March 2023.
After appearing on Shark Tank in April 2022, the Atlanta-based SportsTech startup pivoted to a business-to-consumer (B2C) model and has since been garnering interest from professional sports clubs, large entertainment organizations, governmental agencies, and universities.
Metric Mate’s patented T.A.P. technology turns any strength training equipment into SMART equipment and allows users to track their fitness journey with real-time workout data.
The company also offers a mobile platform that allows users to store and analyze their workout details and receive guidance from a virtual assistant or trainer.
