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BoxLock: What Happened After Shark Tank?

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Boxlock is a padlock for securing online deliveries by locking the box that can be kept outside your house and can help you prevent package theft.

Boxlock was founded by Brad Ruffkess who previously pitched Boxlock on Sharktank. In 2018, Ruffkess started Boxlock with a Kickstarter campaign in which he raised about $54,000.

Boxlock connects with its mobile application and provides you with a notification on delivery. This product is making an attempt to replace Amazon Key, which allows Amazon delivery drivers to unlock the door of people’s houses at the time of delivery.

Recently, BoxLock moved to the B2B side where they are trying to help businesses by making their supply chain more accountable, reliable, and efficient.

BoxLock at a glance:

EPISODE NOSeason 10, Episode 1
BUSINESS IDEAAn internet-enabled padlock for securing online deliveries.
FOUNDERBrad Ruffkess
ASKED FOR$1,000,000 For 5% at $20,000,000
ACCEPTED OFFERNo/None
SHARKNo Shark
BUSINESS STATUSIn Business
WEBSITEBoxlock
Buy on AmazonBuy Now!

Index:

How does a BoxLock work?

BoxLock provides you with a notification on your phone when the package got securely delivered. It is compatible with FedEx, UPS, and Amazon. It works with all containers and automatically gets locked after delivery.

BoxLock Shark Tank Update:

Boxlock pitched in Shark Tank on its 1001 episode. Brad Ruffkess was asking for $1,000,000 for 5% which shows he was seeking for $20 million valuation for Boxlock. Although he didn’t close any deal with the sharks still Boxlock is continuing its business operation.

See also  Bundil: What Happened After Shark Tank?

In March 2020, they raised a $4.5 million round led by logistics and tech entrepreneurs. In June 2021, they had an annual revenue of $13 million.

What’s the net worth of Boxlock?

Brad Ruffkess was asking for $1,000,000 for 5% which shows he was seeking for $20 million valuation for Boxlock. They recently raised a $4.5 million round led by logistics and tech entrepreneurs.

BoxLock Competitors:

  • Amazon Key: An in-home security camera and smart lock. It allows Prime members to receive packages inside the home with a cloud security camera and smart key access.
  • Haven: A smart mailbox for your packages.
  • SendOverNightMail: The fastest way to send time-sensitive documents via FedEx.

Is Boxlock still in business?

Yes, Boxlock is still in business and continues to grow. Also, after their Shark Tank appearance, they have raised $4.5 million in funding from external investors.

Boxlock Social Links:

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FAQs:

Whats the networth of Boxlock?

Brad Ruffkess was asking for $1,000,000 for 5% which shows he was seeking for $20 million valuation for Boxlock. They recently raised a $4.5 million round led by logistics and tech entrepreneurs.

How was Boxlock Shark Tank Pitch?

Boxlock pitched in Shark Tank on its 1001 episode. Brad Ruffkess was asking for $1,000,000 for 5% which shows he was seeking for $20 million valuation for Boxlock.

Whats the valuation of Boxlock?

Brad Ruffkess was asking for $1,000,000 for 5% which shows he was seeking for $20 million valuation for Boxlock.

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