Swimply Shark Tank Net Worth (Before and After Shark Tank)

Swimply, the online marketplace for renting private swimming pools, made waves on Shark Tank but failed to secure a deal. However, the company’s journey didn’t end there. Swimply has experienced remarkable success since its appearance on the show, with an estimated net worth of $30 million as of 2023. Let’s dive deeper into Swimply’s growth and achievements.

Key Takeaways:

• Despite not getting a deal on Shark Tank, Swimply has become a thriving business.
• Swimply is estimated to be worth $30 million as of 2023.
• The company generated over $1 million in revenue and has more than 250,000 app downloads.
• In 2021, Swimply raised $40 million in a Series A investment round led by Mayfield and former Airbnb co-founder Nate Blecharczyk.
• Swimply now operates in the US, Australia, and Canada with 76 full-time employees.

The Journey of Swimply from Inception to Shark Tank

Swimply was founded by Bunim Laskin in 2018 as the first online marketplace for renting private swimming pools. Laskin’s vision was to create a platform where pool owners could generate income by renting out their pools to individuals seeking a unique swimming experience. With the increasing popularity of the sharing economy, Laskin saw an opportunity to tap into the pool rental market.

Initially, Swimply started with just four pools in the New Jersey area. Laskin utilized Google Earth to identify homes with pools and reached out to convince the owners to sign up for the platform. With support from his family and friends, Laskin officially launched Swimply in 2019, with an initial funding of $30,000. The platform gained traction quickly, with over 400 reservations, showcasing the demand for private pool rentals.

Seeing the potential for growth, Laskin decided to pitch Swimply on Shark Tank in 2020. The show offered a valuable opportunity for exposure and potential investment. However, despite a compelling presentation, Laskin was unable to secure a deal with the Sharks. Nevertheless, this setback did not deter Swimply from growing and expanding its services.

Year	Key Milestone
2018	Swimply is founded by Bunim Laskin
2019	Official launch of Swimply with 400 reservations
2020	Swimply pitches on Shark Tank
2021	Successful Series A funding round raises $40 million

Swimply’s Success After Shark Tank

Despite not getting a deal on Shark Tank, Swimply experienced significant success after the show. The COVID-19 pandemic, which forced public pools to close, actually benefited Swimply as private pools remained open. This unique position allowed Swimply to capitalize on the increased demand for private pool rentals and attract a large number of users to their platform.

Since appearing on Shark Tank, Swimply’s app has gained over 250,000 downloads and received rave reviews with a 4.5-star rating based on over 7,000 user reviews. The company has handled an impressive number of reservations, averaging 15,000 to 20,000 per month, leading to over $1 million in revenue. This level of success attracted the attention of investors, resulting in a Series A funding round that raised $40 million in 2021, with leading investors such as Mayfield and former Airbnb co-founder Nate Blecharczyk.

The Expansion into Additional Offerings

Building upon their initial success in the pool rental market, Swimply has expanded its offerings to include the rental of sports courts for activities such as pickleball, basketball, and tennis. This diversification allows Swimply to cater to a wider audience seeking unique and accessible experiences. By expanding their services beyond pools, Swimply has tapped into new markets, further contributing to their overall success.

Swimply’s post-Shark Tank journey is a testament to the resilience and adaptability of the company. Despite not securing a deal on the show, Swimply’s ability to navigate challenges and capitalize on emerging opportunities has propelled them to new heights in the sharing economy space.

Key Metrics	Current Figures
Downloads on Swimply app	Over 250,000
User Rating	4.5 stars
Monthly Reservations	Averaging 15,000 to 20,000
Revenue	Over $1 million
Series A Funding Round	$40 million raised

Swimply’s Net Worth and Valuation

Swimply’s journey from Shark Tank might not have resulted in a deal, but it certainly led to remarkable growth in the company’s net worth and valuation. Prior to its appearance on the show, Swimply had a valuation of $6 million. However, fast forward to 2023, and Swimply is now estimated to be worth an impressive $30 million. This significant increase in valuation is a testament to the company’s success and potential in the sharing economy.

The growth in Swimply’s net worth is not the only indicator of its success. The company has also experienced a surge in revenue, currently estimated at $10 million annually. This substantial revenue is a result of Swimply’s innovative approach and the ever-increasing demand for unique and accessible experiences.

Swimply’s success has not gone unnoticed by investors. In 2021, the company raised an impressive $40 million in a Series A funding round. This round was led by Mayfield, a renowned investment firm, and included former Airbnb co-founder Nate Blecharczyk as one of the investors. Such investments further validate Swimply’s potential and position in the market.

With its soaring net worth, impressive valuation, and continuous growth, Swimply has established itself as a prominent player in the marketplace. The company’s success serves as an inspiration to other entrepreneurs, highlighting the endless possibilities that can arise from innovative ideas and unwavering determination.