Chapul’s net worth in 2021 has been a matter of curiosity since the Shark Tank deal in 2014. Let’s get into the details.
Chapul is an energy bar company that has a unique ingredient inside every bar: crickets.
It offers a revolutionary re-introduction of cricket protein into Western cultures as an environmentally sustainable and wonderfully healthy protein option.
It is also the recipient of the 2014 NEXTY Award as the most innovative natural food product in the US.
According to Food Navigator, a Utah-based maker of cricket powder for food products decided to exit the protein bar space and pursue an insect farming operation in Indonesia after its co-packer went out of business.
Chapul Net Worth 2021
The product has since been modified, and its current exact net worth is unknown.
However, Chapul, had about $1.5 million in sales by 2017.
It was a new idea in the American market. As soon as we have more information, we will update you soon.
Chapul Shark Tank Deal
In March 2014, the entrepreneur Patrick Crowley of Chapul presented in ABC’s hit show Shark Tank (Season 5, Episode 21).
He approached the shows’ moguls Mark Cuban, Daymond John, Kevin O’ Leary, Barbara Corcoran, and Robert Herjavec.
Interestingly, Pat entered the Tank seeking $50,000 for 5% of his company. He began his pitch by emphasizing the uniqueness of his bar’s extra protein, then demonstrating how our bars obtain this protein: through cricket.
However, later the offer was made $50,000 for 15% of his company.
Chapul Founder: Patrick Crowley
Chapul’s founder is Patrick Crowley.
It was founded in the year 2012 by Patrick, along with his family and friends, as a means to introduce edible insects and their very nutritious and sustainable protein into Western cuisine.
What Happened To Chapul After Shark Tank?
After the deal with Mark closed after Shark Tank, Mark Cuban personally met with Pat at a store to help him sell the bars and attract new customers to the brand.
The Shark Tank effect has also helped the company’s growth as it is very active in online media outlets.
The company was able to grow its retail presence, including getting its product into all Sprouts Farmers Markets father the Shark Tank show.