Swimply Net Worth
At the time of Swimply’s appearance on Shark Tank, the company’s net worth was estimated to be $6 million. This valuation was based on the company’s revenue and growth potential, as well as its unique business model and position in the market.
However, since then, Swimply has experienced exponential growth, expanding to multiple markets and raising significant venture capital.
As of June 2021, Swimply was earning around $1 million in monthly revenue and had raised $10 million in funding to further develop its technology infrastructure. As a result, it’s likely that the company’s net worth has increased significantly since its Shark Tank pitch.
What is Swimplyand What happens to Swimply at the Shark Tank pitch?
Swimply is a platform that offers people the opportunity to rent private swimming pools on an hourly basis.
Founded by Bunim Laskin at the age of 20, the service allows individuals without a pool to enjoy a private pool experience and enables pool owners to earn money from renting out their underutilized pools.
Initially, Laskin used Google Earth satellite images to list the pools of his neighbors but soon dropped out of college to focus on growing his business. Simply inspects and approves only selected pools to be listed on the platform, and renters can book them for hourly rates ranging from $40 to $300. The company charges pool owners a 15% commission on rental fees, while renters pay a booking fee.
Swimply aims to provide an affordable and private pool experience for renters, while also helping pool owners recoup some of their expenses. Liability waivers are currently required for both parties, but Swimply plans to add more liability protection in the future.
The founder of Swimply, Bunim Laskin, pitched his company on Shark Tank, seeking $300,000 for a 5% stake. However, the Sharks were unimpressed by the $215,000 revenue and did not invest. Despite this setback, Swimply expanded to Australia by November 2019.
Swimply Shark Tank pitch
Following their appearance on Shark Tank in March 2020, Swimply experienced exponential growth, with revenue increasing by 4,000% due to the Covid-19 pandemic’s impact on public pools and beaches. As of May 20, 2021, Swimply operated in 125 markets in the US, two markets in Canada, and five markets in Australia.
In June 2021, Swimply secured $10 million in venture capital funding, which they plan to use to improve their technology infrastructure. The company was earning roughly $1 million in monthly revenue at the time.
The net worth of Swimply
Swimply net worth at the Shark Tank was $6 million.
Competitors of Swimply
Surprise Pool Party is the biggest competitor in the market.
others include; Vezeeta, FareHarbor, and TravelPerk.
Swimply Shark Tank Updates
Swimply is a service that allows anyone to rent a swimming pool from anyone. The idea for Swimply came from Bunim Laskin when he was 14 years old and wanted to use his neighbor’s pool.
Laskin agreed to pay 25% of the pool’s monthly maintenance cost and realized that there was a market for private swimming pool rental. Swimply was launched in mid-2018 and takes 15% of the rental fee from pool owners.
In Season 11 Episode 15 of Shark Tank, Laskin appeared seeking $300,000 for 5% of Swimply. The sharks were impressed with the concept and the potential for growth, but some were concerned about the liability issues that could arise from renting out a swimming pool.
Ultimately, Mark Cuban and Kevin O’Leary made a deal with Laskin for $300,000 for 10% equity in Swimply.
Since appearing on Shark Tank, Swimply has seen a significant increase in sales due to the contactless service model and the need for some type of normalcy during the pandemic. As of 2023, Swimply has 125 active pools available for rent.
Swimply Shark Tank Summary:
| INFORMATION | VALUE |
| Company Name | Swimply |
| Industry | Pool rental marketplace |
| Founder | Bunim Laskin |
| Shark Tank Pitch | Seeking $300,000 for 5% stake |
| Valuation at Shark Tank | $6 million |
| Competitors | Surprise Pool Party, Vezeeta, FareHarbor, TravelPerk |
| Investment | $10 million venture capital funding in June 2021 |
| Monthly Revenue (June 2021) | $1 million |
| Active Markets (2023) | 125 markets in the US, 2 in Canada, and 5 in Australia |
| Current Net Worth (2023) | $30 million |
Note: Swimply was unable to secure a deal with the Sharks during its appearance in Shark Tank Season 11 Episode 15, but it has grown significantly since then. The company allows individuals to rent private swimming pools on an hourly basis and takes a 15% commission on rental fees. The company aims to provide an affordable and private pool experience for renters while helping pool owners recoup some of their expenses. As of 2023, Swimply is worth an estimated $30 million.
FAQs of Swimply
What Happens To Swimply After The Shark Tank Pitch?
Swimply is an online marketplace where users can rent other people’s pools by the hour, similar to Airbnb but for swimming pools. The founder, Bunim Laskin, pitched his startup on Shark Tank in episode 1118, seeking $300,000 for 5% of his business.
However, he was unable to secure a deal with the Sharks. Despite this setback, Swimply has continued to grow and as of 2023, it is worth an estimated $30 million.
After appearing on Shark Tank, Swimply faced a challenge due to the COVID-19 pandemic. Public swimming pools were banned, and Swimply had just appeared on Shark Tank in 2020.
However, Swimply was able to adapt to the situation and continued to grow. In 2021, Swimply reached $1 million in funding.
Bunim Laskin, the founder of Swimply, is a very private person, but it is known that he is from Lakewood, New Jersey, and is the eldest of 12. Swimply’s success shows that there is a demand for unique and affordable experiences and that the sharing economy is still thriving.
Did Swimply Get A Deal On Shark Tank?
Swimply, an online marketplace for renting private swimming pools, appeared on Shark Tank Season 11 in March 2020. The founder, Bunim Laskin, pitched Swimply as an investment opportunity, asking for $300,000 for 5% equity.
However, none of the Sharks made a deal with Laskin. The Sharks declined the offer partly due to the pandemic and the country going into lockdown.
Swimply allows homeowners with swimming pools to offer their pools for hourly rentals to individuals or groups.
Reservations are made via the Swimply mobile app or website, and communication, selection of amenities, and payment are all handled through the Swimply platform.
Hosts in the United States are covered by a $1,000,000 insurance policy. Swimply currently operates in the United States, Canada, and Australia.
How Does Swimply Make Money?
Swimply is a marketplace for swimming pools that allows people to rent out their pools to others. Swimply takes a 15% cut from all pool rentals, and hosts keep the other 85%. Pool owners can earn about $5,000 to $10,000 per month on average.
Swimply allows pool owners to set their own hourly rate, which may range from around $30 to several hundred dollars per hour for up to five guests plus additional fees for extra guests.
Swimply’s business model is based on renting someone’s swimming pool for a swim or renting out your own pool or backyard to strangers.
Swimply provides a platform for pool owners to list their pools, set their hourly rates and availability, and start collecting money.
Swimply claims that pool owners can make thousands of dollars a month. One pool owner earned $177,000 in revenue in less than two years by renting out their pool on Swimply.
What Happens To Swimply After The Shark Tank?
Swimply is a service that allows anyone to rent a swimming pool from anyone. The company was founded by Bunim Laskin, who got the idea at age 14 when he felt his outdoor activities were restricted in his suburban New Jersey home.
Swimply was pitched on Shark Tank in Season 11, but Laskin was unable to secure a deal. However, after launching, the company had 900 hours of pool reservations and continued to list more pools until they had 100 pools listed.
Swimply’s contactless service model paired with a need for some type of normalcy has increased sales by nearly 4000%. As of 2023, Swimply operates in the US, Australia, and Canada with 70 full-time employees.
The company takes 15% of the rental fee from pool owners and charges renters a booking fee. Swimply makes an estimated $10 million annually and is worth $30 million.
Swimply’s platform allows both parties to chat over a secure platform, and their platform is very responsive. The company has been successful in providing a solution for people who don’t have swimming pools but want to enjoy them without the crowds and filth of public pools.
Swimply has been able to recoup the costs of pool ownership for pool owners. Overall, Swimply has been successful in providing a unique service that has been in high demand, especially during the pandemic.
What Are Competitors Of Swimply?
Swimply is a platform that allows people to rent out their private swimming pools to others. There are several competitors and alternatives to Swimply.
Swimply’s competitors include Hotel Engine, Ticket Monster, Truck Parking, and Dayslice. The closest competitor to Swimply is Swimmersguide.com. Other competitors include DayAxe, Swimmy, DayPass, ResortPass, and Daycation.
One alternative to Swimply is Sutro, which is a platform that helps people manage their pool or spa water. ResortPass is another competitor of Swimply that allows people to book day passes to hotel pools and other amenities.
Swimply offers a product called Pool Share, which allows people to share their pool by the hour, with partner hosts supplying pool hours and Swimply customers reserving and enjoying a pool and its amenities. Competitors of Swimply offer similar services, such as day passes to hotel pools and other amenities.
Overall, Swimply faces competition from several companies that offer similar services, such as renting out private pools and booking day passes to hotel pools and other amenities.
Is Swimply Still In Business?
Yes, Swimply is still in business as of March 2023. Swimply is an online marketplace that allows homeowners with swimming pools to offer their pools for hourly rentals to individuals or groups.
Reservations are made via the Swimply mobile app or website, and communication, selection of amenities, and payment are all handled through the Swimply platform.
Hosts in the United States are covered by a $1,000,000 insurance policy. Swimply currently operates in the United States, Canada, and Australia.
Swimply was founded by Bunim Laskin, who first got the idea at age 14 when he felt his outdoor activities were restricted in his suburban New Jersey home. He grew up in Israel, which had easier access to parks and outdoor activities for kids.
One day he noticed his neighbor’s pool was only used when her grandchildren visited. He approached the neighbor and asked if he could use the pool, and she said yes. Laskin’s idea for Swimply was born from this experience.
Swimply has been successful, with over $8 million in annual revenue and a valuation of $30 million as of March 2023.
In 2022, Swimply had $215,000 in gross sales and $42,000 in profit. Swimply is the only venture of its kind, with no alternatives currently available. Swimply plans to continue growing and expanding in the future.
Where is the headquarters of Swimply?
Swimply is headquartered in Los Angeles.
Who is the owner of Swimply?
Bunim Laskin is the founder and CEO of Swimply.
What episode was Swimply on Shark Tank?
Swimply was featured in season 11 Episode 15.
When did Swimply launch?
Bunim soon realized he had a potential business on his hands and set out to launch Swimply in the summer of 2018.
How did Swimply start?
Bunim Laskin, the founder of Swimply, says he got the concept for the company after purchasing his first home with a pool in 2018.
He added that friends and family members had begged to use the pool, and he was unsure how he could organize their trips without exposing himself to risk.
Is it possible for me to make money by renting out my pool?
Given the opportunities offered by today’s sharing economy, renting out your swimming pool can bring additional cash.
Swimply is a pool-specific Airbnb or HomeAway.
It provides a digital marketplace where residents may hire out their pools by the hour.
What industry is Swimply in?
It is an online marketplace industry.
Is Swimply a scam?
Swimply is not a scam. However, the Sharks have been known to consider those working from home as being ‘scammers’ by their nature.
Owners of swimming pools can be a target audience.
They are not usually looked at as legitimate business users and therefore may be considered a high-risk investment for sharks.
How does it work?
The company is looking to make money by charging a 15% commission fee for booking the pool owner’s listing.
Do the sharks like the business?
The Sharks may like the opportunity provided by Swimply, but they may not be willing to accept the risk associated with its business model.
The fact that homeowners are renting out their own pools creates a liability issues that can be very expensive to deal with.
