Let’s talk about how much money Benjilock has. Benjilock is famous for making cool security stuff and people want to know how well they’re doing financially. In this post, you will get all the information related to Benjilock.
How Much is Benjilock’s Net Worth?
Benjilock is a company that produces fingerprint padlocks founded by Robbie Cabral in 2013. The current net worth of Benjilock is estimated to be around $4 million.
The company has partnered with Ace Hardware and The Grommet to sell its products online and in stores. Benjilock is a successful example of innovation and entrepreneurship in the field of security. Below you will get other details related to Benjilock.
The Journey of Benjilock in Shark Tank
Robbie’s 2017 Shark Tank appearance was a game-changer. After his participation on Shark Tank, Robbie left with $200k in finance and Kevin O’Leary was given a 15% equity stake in the business.
Robbie says of his relationship with Kevin O’Leary, “Kevin and his team have helped me navigate the business world in a way I couldn’t envision it” that he owes a great deal of his success to. They are a terrific example of a collaboration since they are really hands-on.
What Inspired the Founder of BenjiLock to Invent it?
“Robbie Cabral” the founder of Benjilock was having a hard time in his life. He was overweight, jobless and sad, and he had reached his lowest point. He joined a local gym and began exercising after deciding one day that he wanted to improve his life.
Robbie noticed several of his fellow gym patrons were experiencing issues with their lockers when he was in the locker room.
He would witness perfectly good locks being chopped off with bolt cutters every day so their owners could recover their possessions because they would either forget their combinations, leave their keys in their locker, lose their keys, or forget their keys. Robbie started developing a new lock design because he was certain there had to be a better way.
A Look at the Design of Benjilock
What distinguishes the BenjiLock from others is its design. Robbie created a unique hybrid rechargeable lock that can be unlocked with a standard key in the event of a technical malfunction in addition to using a fingerprint.
What’s even more intriguing is that your family can safely access BenjiLock because it can save up to 10 distinct fingerprints.
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Explore the Journey of Benjilock After Shark Tank
Robbie Cabral traveled to the largest and most well-attended consumer electronics exhibition in America, CES, to showcase his new innovation. At CES, his innovation became popular right away.
He was contacted by well-known US shops including Ace Hardware and The Grommet in addition to being acknowledged as an Innovation Awards honoree. But being chosen for a casting call for the popular ABC program Shark Tank was the high point of the event.
The success of BenjiLock extended beyond Shark Tank. Inspired by what they witnessed at CES, Hampton Products International, a security company, wanted to work with Robbie and his new invention.
A Look at the Early of BenjiLock’s Founder
The creator of BenjiLock, Robbie Cabral, grew up in the Dominican Republic. His mother was a single parent and they frequently had financial difficulties growing up. Despite the challenging beginning to his life, it gave him the drive to work hard and persistently pursue achievement, as well as a desire for entrepreneurship.
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