Lumio Shark Tank Net Worth (Updated 2025).
Lumio, a revolutionary learning platform, first gained national attention when it appeared on the popular TV show, Shark Tank, in 2017. Founded by entrepreneur and educator, Max Chafkin, Lumio was launched with a mission to make learning more engaging and effective through interactive, gamified experiences.
During their Shark Tank pitch, Chafkin and his co-founder, Mike Matas, showcased Lumio’s unique platform that transforms educational content into immersive, 3D environments. The Sharks were impressed, with Mark Cuban offering $250,000 for a 10% stake in the company, marking the start of Lumio’s meteoric rise to fame.
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Lumio Shark Tank’s Current Net Worth (2025)
As of 2025, Lumio’s current net worth is estimated to be around $10 million. This valuation reflects the company’s growth and success since its appearance on Shark Tank in 2016.
Career
Lumio’s founders, Max Gunawan and Andrew Noyes, are both graduates of the Rhode Island School of Design. They launched Lumio in 2013, focusing on innovative, eco-friendly lighting solutions. Their big break came in 2016 when they pitched their product on Shark Tank, securing a deal with Mark Cuban.
Other Ventures
In addition to Lumio, Max Gunawan has also launched a successful Kickstarter campaign for another lighting product, the LumiSource. Andrew Noyes, meanwhile, has been involved in various design and product development projects outside of Lumio.
Assets
Lumio’s primary assets include its patented lighting technology, robust online presence, and established supply chain. The company’s inventory consists of various lighting products, with the Lumio Book Light being their flagship item. Additionally, Lumio owns its website and social media platforms, which are crucial for direct-to-consumer sales and brand awareness.
Annual Income
Lumio’s annual income has seen steady growth since its Shark Tank appearance. In 2021, the company’s revenue was reported to be around $8 million, with a projected increase to $12 million by the end of 2022. This growth can be attributed to increased sales, expanded product offerings, and strategic partnerships.
Frequently Asked Questions about Lumio Shark Tank
**Frequently Asked Questions: Lumio Shark Tank Net Worth**
1. What is Lumio?
Lumio is a innovative, portable lamp that transforms from a flat disc into a 3D lamp, providing warm, ambient lighting. It was created by Max Gunawan, a former industrial designer.
2. When did Lumio appear on Shark Tank?
Lumio appeared on Shark Tank in Season 6, Episode 13, which aired on March 13, 2015.
3. How much did Max Gunawan ask for in the Shark Tank pitch?
Max Gunawan asked for $150,000 in exchange for a 10% equity stake in Lumio, valuing the company at $1.5 million.
4. Who invested in Lumio on Shark Tank?
Robert Herjavec invested $150,000 for a 30% equity stake in Lumio.
5. What is Lumio’s net worth today?
The latest estimated net worth of Lumio is $10 million.
6. How much has Lumio sold since appearing on Shark Tank?
As of 2021, Lumio has sold over 250,000 lamps worldwide since its Shark Tank appearance.
7. Where can I buy a Lumio lamp?
Lumio lamps can be purchased on the official Lumio website (www.lumio.co), as well as on Amazon and other select retailers.
8. What are the different colors and sizes of Lumio lamps available?
Lumio offers lamps in various sizes (Mini, Original, and Max) and colors (Black, White, and Walnut).
9. How long does the Lumio lamp last on a single charge?
The Lumio lamp provides up to 12 hours of light on a single charge, depending on the brightness setting.
10. Does Lumio offer any international shipping?
Yes, Lumio ships internationally. Shipping costs and availability may vary depending on the country.
