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.
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.