A measuring shovel is a tool used to measure depth while digging. This is a unique shovel that is completely different from a normal shovel. Users can make their garden work like tree planting easier by using this measuring shovel.
Maddox Prichard invented this mashing shovel for his 4th-grade class project. In 2016, he participated in the competition of the Middle Tennessee State Invention Convention and became the winner in that.
He has been given the Household Tool Award by the National Invention Convention in Washington. At the State Invention Convention, he met a patent attorney who made him a patent for this product for free.
Maddox appeared on Shark Tank Season 11 Episode 6 with his mom Amanda, Jason (dad), and Brenna (sister) and asked the sharks for $40,000 for 15% equity at a $266K Valuation.
What’s new on The Measuring Shovel
What Is The Measuring Shovel?
The Measuring Shovel is a digging tool that helps in measuring the exact depth. This tool helps builders and garden workers.
Company Name | The Measuring Shovel | |
Founder | Maddox Prichard | |
Founded | 2016 | |
Product | Measuring Shovel Tool | |
Asked For | $40k for 15% equity | |
Final Deal | $40k for 25% equity | |
Shark | Lori Greiner | Kevin O’Leary |
Episode (Shark Tank USA) | S11 E6 | |
Air Date | Nov 3, 2019 | |
Business Status | Pre-Launch | |
Website | Visit Website | |
Headquarters | United States | |
Lifetime Worth (Sales) | $250k *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of The Measuring Shovel?
The Measuring Shovel was founded by Maddox Prichard in 2016 when he was in 4th grade. He issued a patent for the product for free with the help of a patent attorney in 2018.
How Was The Shark Tank Pitch Of The Measuring Shovel?
Maddox and Amanda entered the shark tank, explained the product, and asked the sharks for $40k for 15% equity. Maddox appeared in Shark Tank at the age of 13.
Maddox explained that $15K to $25K of the investment money would make up the mold. They will use the rest of the money for the initial order.
Lori Greiner and Kevin O’Leary made an offer of $40,000 for 30% equity. Daniel Lubetzky made an offer of $40,000 for 25% equity. Maddox counters Kevin and Lori with $40k for 25% equity.
Kevin declined this counter. Maddox countered another $50k for 30% equity. Kevin said no. In the end, Maddox accepts Kevin and Lori’s offer.
Finalized: Lori Greiner and Kevin O’Leary invest $40k in ‘The Measuring Shovel’ for 30% equity.
What Happened To The Measuring Shovel After Shark Tank?
Maddox became very popular after Shark Tank, many people praised the invention of this 13-year-old boy. Due to the product being in the prototype model, no sales could be generated.
The money taken from the shark was invested to make the final product. We hope that this company can generate a good revenue.
What’s new on The Measuring Shovel
Last Update: June 11, 2023
On February 2023, he shared his business journey as a speaker at the Tennessee State Invention Convention. In March 2023, Maddox received awards in DECA State Competition.
As of June 2023, the Massaging Shovel Tool is not available for sale. On visiting the official website, ‘will be soon‘ is being written. We’re hoping Kevin and Lori haven’t closed the deal. The profile of this company is still available on Lori Greiner’s portfolio.
The Measuring Shovel Shark Tank Update
The Measuring Shovel Gets the Deal on Shark Tank by Kevin O’Leary and Lori Greiner. This is a big achievement for Maddox as he has taken his first funding at the age of only 13. We hope that he can become a good entrepreneur in the times to come.
We’re following Maddox Prichard along with their company for further updates.
What Is the Net Worth of The Measuring Shovel?
The Measuring Shovel’s current worth is an estimated $250K. So far, we do not have much information available related to this company. If any information becomes available, we will update you on this post.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2023 | N/A |
2022 | N/A |
2021 | N/A |
2020 | N/A |
Funding Reports to Date!
Note: We have brought this report from our research and some trusted sources.
Years | Funding Amount | Investor |
Nov 2019 | $400K | Kevin O’Leary Lori Greiner |
Is The Measuring Shovel Still In Business?
As of June 2023, The Massuring Shovel’s official website and social handles are active but the product is not available.
We do not have much information related to this company right now. We are currently tracking the founder and company for more details.
Yes, The Measuring Shovel is still in business as of June 2023.