Mission Belt Shark Tank Net Worth 2023
Natel, a company seeking a $50,000 investment for a 20% stake, appeared on episode 22 of season 4 of Shark Tank. This would value the company at $250,000.
Eventually, Natel accepted Daymond’s offer of $50,000 for a 37.5% stake, which values the company at $133,333.33.
Since then, the company has been experiencing steady growth, which has led to an increase in its net worth.
What is Mission Belt? Who is the Mission Belt founder?
Mission Belt is a company that produces trendy ratchet belts for men, women, and kids without any holes. These belts are more durable and comfortable than conventional belts, ensuring a perfect fit every time.
In addition, Mission Belt donates a portion of each belt sold to combat world hunger and support economic development in impoverished nations.
The company was founded in 2012 by Nate Holzapfel, who was born in Provo, Utah to Richard N. Holzapfel and Jeni Broberg Holzapfel.
Nate’s younger brother and business partner, Zachary Holzapfel, is the eldest of five children. Nate’s family moved to Irvine, California, when he was a baby for his father’s education and then to Woodland, Utah, when he was 13.
The Mission Belt company was established by Nate Holzapfel in 2012 with two objectives: to sell stylish leather belts without holes and to help end world hunger.
These belts are made of high-quality leather and have the appearance and feel of high-end belts that are many times more expensive.
The added advantage of not being restricted like regular belts with holes sets Mission Belt apart from its competitors. Nathan is committed to fighting world hunger and producing high-quality leather belts.
One dollar from every sale is used to provide micro-loans to people in need all around the world via Kiva.com. These micro-loans provide education and tools to empower disadvantaged individuals with the knowledge and skills to grow their own food rather than just giving them food.
[maxbutton id=”96″]
Mission Belt Shark Tank Pitch
Nathan pitched his company, Natel, on Shark Tank season 4 episode 22, seeking a $50,000 investment for a 20% stake in the company, valuing it at $250,000.
His product was a reinvented belt with a ratcheting system that eliminated the need for holes, providing a better fit without any “in-between space.”
During the pitch, Robert asked if Nathan produced the belts himself, but Nathan explained that Natel hired a manufacturer to make the belts, and he sold them himself.
At one site, Nathan sold around 250 belts every month for $35 each, totaling $39,000 in sales over three months. Mark inquired about the cost of producing the belts, which turned out to be only $6 per unit.
While some Sharks, like Lori and Kevin, were hesitant to invest due to concerns about distribution and scalability,
Daymond offered $50,000 for 40% ownership with the aim of licensing the belt to another business for production. They eventually settled on a 37.5% stake for Daymond.
After appearing on Shark Tank, Nathan, and Daymond sold $180,000 in belts the first night and over $1 million the following month.
Natel has since expanded its product line to include NHL, NBA, and College Licensed Mission Belts and sponsored $1.5 million in loans through Kiva.com in 2017. As of July 2021, the company’s yearly revenue was $7 million.
However, in March 2019, Nathan faced a $250,000 default judgment from talk show host Larry King for using his image in marketing materials without permission.
More recently, in October 2021, Nathan was arrested and charged with two counts of fraud for allegedly deceiving two women, one of whom he dated, into handing over their property and assets to pay off debts without their knowledge or consent.
Mission Belt has since released a statement distancing itself from Nathan, stating that he has not been associated with the company for more than seven years.
Table: Mission Belt Shark Tank Summary
| INFORMATION | |
| Company Name | Mission Belt |
| Founder | Nate Holzapfel |
| Investment | $50,000 for 37.5% stake by Daymond John |
| Valuation | $133,333.33 |
| Sales | $39,000 in 3 months before Shark Tank; $1 million post Shark Tank |
| Yearly Revenue | $7 million as of July 2021 |
| Net Worth | Increased due to steady growth |
| Updates | Nate Holzapfel faced a $250,000 default judgment in 2019 |
| Nate Holzapfel was arrested and charged with fraud in 2021 | |
| Nathan Holzapfel is not associated with Mission Belt anymore |
Note: Natel is referred to as Mission Belt in the article.
Mission Belt Net Worth
Natel appears on Shark Tank season 4 episode 22 in search of a $50,000 investment in exchange for a 20% stake in the company. This represents a $250,000 value.
He accepted an offer from Daymond of $50,000 for 37.5% thus valued at $133,333.33.
The current net worth has increased since the company has been growing steadily.
Mission Belt Shark Tank Updates
Mission Belt is a company that produces leather belts with no holes, which are adjustable to all body types. The belts have a unique design that does not get loose and come with a shiny buckle and a built-in ratchet that fluctuates with the friction of an inch.
The belts are made of leather, canvas, and nylon, and have a unique release lever and a tilting ratchet that adjusts by a fraction of an inch. Each tooth of the strip gives a different size, and these three components together create the “last belt you ever buy”.
The company was founded in 2012 by Nathan Holzapfel, who appeared on Shark Tank in season 5, episode 7.
He pitched his product to the Sharks and partnered with Daymond John. The company was valued at $133 million at the time of the show, and after the show, its sales and revenue increased sharply.
In just a few months, the company generated $119,000 in revenue, and in a few years, its sales reached $1 million. The company also donates $1 from every sale to fund micro-loans through Kiva.com to people battling poverty all over the world.
In 2023, the company updated its design to include a new ratchet system instead of holes. The new design was demonstrated to the Sharks, and the belt is now easier to put on and take off. The company’s net worth as of 2022 is around $1 million.
Unfortunately, in 2021, Holzapfel was charged with communications fraud for defrauding an extramarital partner out of $200,000, allegedly causing her to lose her house that had been constructed with accommodations for her disabled son.
He was later accused of defrauding two more victims and has also racked up charges of theft by deception, forcible sexual abuse, operating as an unlicensed broker, and lewdness.
Mission Belt Competitors
Anson Belt and BeltCraft are Mission Belt Competitors.
Mission Belt FAQS
What Is Mission Belt Shark Tank?
Mission Belt is a company that sells leather belts with no holes. The company was founded in 2012 by Nathan Holzapfel, who appeared on Shark Tank in episode 422 to pitch his product.
The belts are made from high-grade leather and have the look and feel of high fashion belts, but are priced as a “bargain belt”. The added bonus of not being constricted like standard belts with holes set Mission Belt apart from the competition.
In addition to producing quality leather belts, Nathan has a mission to help end world hunger. One dollar from every sale goes to fund micro-loans through Kiva.com to people battling poverty all over the world.
Since appearing on Shark Tank in 2013, Mission Belt has become a coveted menswear item. In 2017, Zac Holzapfel confirmed that Mission Belt had made roughly $25 million in sales since launching in 2012 with about 60,000 corresponding micro-loans.
The profitable company also launched licensed sports belts featuring the logos of the NBA, NHL, and collegiate sports teams.
How Does Mission Belt Shark Tank Work?
Mission Belt is a company that sells leather belts with no holes. The belts are made from high-grade leather and are priced as a “bargain belt” but have the look and feel of high fashion belts many times the cost.
The belts adjust every 1/4″ unlike traditional belts that only have holes every 1″. This means that the belts always fit, even when you lose or gain a few pounds. The quality-made release lever on a Mission Belt is intuitive and smooth, making it easy to put on and take off.
The founder of Mission Belt, Nathan Holzapfel, appeared on Shark Tank in 2013 to pitch his product. He started the company in 2012 to sell stylish leather belts with no holes and to help stop world hunger.
One dollar from every sale goes to fund micro-loans through Kiva.com to people battling poverty all over the world. These micro-loans provide education and resources to help impoverished people with the resources and know-how to produce their own food.
Since appearing on Shark Tank, Mission Belt has become a coveted menswear item and has made roughly $25 million in sales since launching in 2012 with about 60,000 corresponding micro-loans.
The company has also launched licensed sports belts featuring the logos of the NBA, NHL, and collegiate sports teams.
What Happened To Mission Belt After Shark Tank?
Mission Belt is a company that sells stylish leather belts with no holes and helps stop world hunger. The belts are made from high-grade leather and have the look and feel of high fashion belts many times the cost.
The added bonus of not being constricted like standard belts with holes set Mission Belt apart from the competition. In addition to producing quality leather belts, Nathan Holzapfel, the founder of Mission Belt, had a mission to help end world hunger.
One dollar from every sale goes to fund micro-loans through Kiva.com to people battling poverty all over the world.
Mission Belt appeared on Shark Tank in 2012 and sold $180K worth of belts the night they initially aired and over $1 million in the following month. At the time of the Shark Tank appearance, Mission Belt was valued at around $133,000 million.
After the show, its sales and revenue increased sharply, and in just a few months, the company generated a revenue of $119,000. In a few years, its sales reached $1 million.
Until 2017, they gave $74,093 as loans, and an average member could get approximately $514.5 as their loan. They gave loans to nearly 144 people and businesses.
In 2021, Mission Belt released a statement claiming it had severed all ties with Holzapfel, who was later accused of defrauding two more victims and has also racked up charges of theft by deception, forcible sexual abuse, operating as an unlicensed broker, and lewdness. As of 2022, the net worth of Mission Belt is around $1 million.
Is Mission Mission Belt Shark Tank Still In Business?
Yes, Mission Belt is still in business. Since appearing on Shark Tank in 2013, Mission Belt has been performing very well, with revenue increasing up to 30 times. In 2017, Mission Belt had made roughly $25 million in sales since launching in 2012 with about 60,000 corresponding micro-loans.
Mission Belt is a well-known name in America and is still selling its revolutionary belt that is adjustable with all body types and has a unique design that does not get to lose your pants. The belt has a ratchet system instead of holes, which allows for a custom fit to anyone’s waist.
Mission Belt is not only a profitable company but also has a mission to help end world hunger. One dollar from every sale goes to fund micro-loans through Kiva.com to people battling poverty all over the world.
The company has discovered an approach that can transform the practical into works of beauty. The Mission Belt is made from high-grade leather and has the look and feel of high fashion belts many times the cost.
The company has also launched licensed sports belts featuring the logos of the NBA, NHL, and collegiate sports teams.
In 2022, Mission Belt had an annual revenue of $7 million. The company is still in business as of 2023.
The belt has undergone some changes since appearing on Shark Tank, with a new ratchet system instead of holes. The new design allows for a more comfortable and custom fit around the waist.
What Is The Current Valuation Of Mission Belt After Shark Tank?
Mission Belt appeared on Shark Tank in April 2013. At the time of its appearance, the valuation of Mission Belt was $250,000. However, the valuation of Mission Belt was around $133,000 million or not mentioned in the search results.
After the show, the sales and revenue of Mission Belt increased sharply. In just a few months, the company generated a revenue of $119,000. In a few years, its sales reached $1 million. The net worth of Mission Belt as of 2022 is around $1 million.
The net worth of Mission Belt as of 2023 is around $7 million. Since appearing on Shark Tank, Mission Belt has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of $7 million.
Who is the founder of Mission Belt?
Nate Holpzafel, the founder of Mission Belt, launched the company in 2012
How much was he seeking in the Shark Tank?
He was seeking $50,000 for 20% of the company.
Did he get a deal from the Shark Tank?
He did. He got a deal of $50,000 for 37.5% of the investment in exchange for a 20% equity stake from Daymond John.
What is Mission Belt’s mission?
To create fashionable, no-holes ratchet belts for men, women, and children that last longer and are more comfortable than standard belts.
Mission Belt gives $1 for every belt sold to the Kiva Lender Fund, which offers microloans to businesses mostly in underdeveloped nations.
How long has Mission Belt been in the business?
Mission Belt has been around since 2012.
What episode of Shark Tank featured Mission Belt?
Mission Belt was featured on Shark Tank Season 4 Episode 22.
Is there a warranty on the mission belt?
Every Mission Belt is backed by a one-year manufacturer’s warranty.
[maxbutton id=”96″]
Are there any bigger sizes available?
Yes, a size “Custom” can suit a waist up to 56″.
Is The Mission Belt made of real leather?
Yes! It’s not only authentic leather; it’s also very fine leather. The majority of leather is coarse and rough, while theirs is smooth and strong.
How do they unbuckle a mission belt?
To remove the belt, just press the little metal lever on the bottom of the buckle, and the belt will slide out.
Do ratchet belts last?
Because there is less stress, ratchet belts are more durable than regular belts.
What is the net worth of Nate Holpzafel?
Nate Holpzafel has an estimated net worth of $5 million as of 2020.
Where is Mission Belt located?
Mission Belt is located in Orem, Utah United States.
