Stakt Mat Net Worth Shark Tank Update 2025

During the COVID-19 pandemic, many people started working out at home. People quickly found that the regular mats were only used for one kind of fitness workout. It couldn’t be used for multiple workout routines. This gave our next entrepreneurs their next big idea to address the gap in the market.

Millie and Taylor created Stakt to solve this problem. The product was not only a foldable exercise mat, but it was thicker and more supportive than regular mats. They designed the mat so you could fold it to get extra cushioning for your joints.

When fully folded, it became a block for exercises like tricep dips or incline push-ups. But, did they manage to impress the Sharks to invest in their next big idea? Find out in our Stakt Shark Tank Update!

Stakt Mat Net Worth Shark Tank Update 2025

Millie and Taylor asked for a $100k investment in exchange for 10% equity in their company. This meant they valued their company at $1 million. They made a deal with Lori for $100k in exchange for 15% of their company, plus a $0.75 royalty per unit sold until Lori gets her investment back. This new deal valued their company at approximately $667k. After the show aired, Stakt saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Stakt is about $1.07 million.

The Shark Tank’s appearance proved to have a positive impact on the company. After the show aired, the popularity and sales went through the roof. The founders had to restock weekly as they would continuously go out of stock. They continue to sell it through their website and Amazon, with people praising the unique and innovative product.

Daymond John liked the product, but it was an industry he didn’t have any expertise. For those reasons, he didn’t invest in the company. Mark invested in a similar fitness-related company, and he didn’t want to compete with himself. So, he didn’t invest for those reasons. Kendra told the founders that she had owned a mat for 2 years, and she wouldn’t buy another one for many years.

The founders will constantly have to acquire new customers to sell the product. For those reasons, she didn’t invest. Kevin O’Leary was in a similar boat to Daymond John, and he backed out. Lori was the only Shark who made the offer to the founders. After a lot of back-and-forth negotiations, they finally agreed on a deal with Lori. Keep reading our Stakt update to see what happens next!

Shark(s) Name	Offer and Demand	Counteroffer	Accepted?
Kevin O’Leary	Out	N/A	N/A
Kendra Scott	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A
Daymond John	Out	N/A	N/A
Lori Greiner	#1: $100,000 for a 20% stake in the business #2: $150,000 for a 22.5% stake in the business. #3: $100,000 for a 15% stake in the business with a 35-cent royalty per unit sold until $100,000 is paid.	Yes ($100,000 for a 15% stake in the business + a 75-cent royalty per unit sold until $100,000 is paid)	Yes ($100,000 for a 15% stake in the business + a 75 cent royalty per unit sold until $100,000 is paid)

Stakt Mat Shark Tank pitch

Millie and Taylor met in college ten years ago and became close friends. After the COVID-19 pandemic hit, like many others, they started working out more at home. They noticed that regular yoga mats weren’t great for all the exercises they were doing. This gave them an idea to make a better exercise mat that people would use for versatile workout routines.

They called it Stakt. To make it happen, they each put in over $25,000 of their own money. They also kept their day jobs to help pay for the growing business. Millie had experience in sales from working at startups, while Taylor had worked in product development for financial tech companies. 

Millie and Taylor went on Shark Tank asking for $100,000 for 10% of their company, Stakt. They’d made a new kind of exercise mat that solved a problem they’d seen during their own home workouts. Regular yoga mats weren’t versatile enough to support multiple fitness workout routines. Their Stakt mat could fold, which was perfect for different exercises.

From yoga to strength training, and when folded up, it even became a workout block. They’d started selling Stakt mats just over six months before the show. In that short time, they’d sold over $100,000 worth of mats without spending money on ads. They were selling online and building a community of customers. 

When Kevin O’Leary asked what made Stakt different, the founders explained that there were two main types of foldable mats in the market. First, they talked about big gymnastic mats. These were big cushions held together by plastic. While they could fold, they weren’t great for all workouts. They were also heavy and had a hefty cost attached to them. Plus, they weren’t good for yoga because they were slippery and hard to move around.

When Kevin asked about regular yoga mats, the founders explained why they made Stakt. During the pandemic, they decided to work out more at home. They used the traditional yoga mats Kevin was talking about, but didn’t do much yoga. They would often roll up their mats for support or use them as blocks to help with exercises. This showed them that people needed a better mat. So, they made Stacked. It could fold, making it work for many types of exercises. 

They also asked the founders what it costs them to make. Taylor replied that the production cost was $21.50, and they sold it for $86. The margins were well over 50%. They also said that they were raking in $110,000 in sales in the 6.5 months that they’ve been selling it.

Daymond was the next Shark to ask how much of their own money they’ve invested in the business. They both had put $25,000 of their own savings into the company. Both of them had full-time jobs just so they could fund their own venture. 

Daymond John decided not to invest in Stakt because he felt he didn’t know enough about the exercise mat market. While he saw potential in the product, he believed he couldn’t add more value to the business. Other Sharks might be better suited to help the founders grow their business. Mark Cuban had already invested in a fitness company similar to Stakt. So, he believed he would be competing against himself. For those reasons, he didn’t invest in Milie and Taylor’s business.

Kendra Scott decided not to invest in Stakt because she was concerned about the product’s long-term sales potential. She felt that since people don’t often replace their exercise mats, the company would constantly need to find new customers.

This could be challenging for sustained business growth. For those reasons, she didn’t invest. Kevin O’Leary was in a similar position to Daymond John. He also had little expertise in the fitness exercise market. O’Leary also backed out.

Lori Greiner made an offer to invest in Stakt. She wanted to give $100,000 for 15% of the company. But, she also asked for $1 back from each sale until she got her money back. The founders tried to change the deal. First, they asked for 20% equity instead. Then, they suggested $150,000 for 22.5%.

Lori didn’t agree to either of these. The founders talked momentarily with each other and presented Lori with a new deal. They offered 15% equity and a 35-cent royalty per sale. Lori liked this idea, but she wanted 75 cents instead. After thinking it over, the founders agreed. The final deal was $100,000 for 15% of Stakt, plus a 75-cent royalty on each sale until Lori got her $100,000 back.

Product Availability

You can buy the innovative product on the company’s official website, Amazon, and they’re now selling it on the Men’s Health website. They’ve now introduced many colors of the mat, which include Iron, Tide, Moss, Terracotta, and more.

Conclusion

It’s clear that the appearance on Shark Tank was a turning point in the company’s direction moving forward. Securing a deal with Lori provided them the much-needed funding, but also valuable guidance from her expertise.

Stakt’s journey from a pandemic-inspired idea to a thriving business showcases the power of innovation and perseverance. Its future in the fitness industry looks promising, and fans are excited to see what more products the company has to offer down the line.