R.Riveter Shark Tank Update
handbags made from upcycled military materials
What Happened to R.Riveter After Shark Tank
Is R.Riveter still in business? Yes — still in business and thriving.
$2M
reported annual revenue
- Deal closed with Mark Cuban for $100,000 for 20% equity plus a line of credit
- Expanded workforce to 80 Riveters; annual revenue $2 million as of 2024
Last verified Apr 1, 2026. Web-confirmed sources.
Get updates on R.Riveter
The R.Riveter Shark Tank Pitch
R.Riveter, from Southern Pines, NC, pitched on Shark Tank Season 7, Episode 16, which aired Friday, February 5, 2016, asking for $100,000 for 20% of the company — a $500,000 valuation.
Mark Cuban agreed to invest $100,000 for 20% equity, valuing the company at $500,000. The deal closed after the show.
Watch the Pitch
Pitch Details
- Aired
- S7E16Feb 5, 2016
- Ask
- $100,000for 20%
- Ask Valuation
- $500,000
Deal Terms
- Amount
- $100,000
- Equity
- 20%
- Valuation
- $500,000
Mark Cuban