Swimply Net Worth

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Swimply Net Worth: Let's talk about Swimply, its value, its founder, and some interesting facts. Swimply, the company that connects people with private swimming pools, is worth a whopping $180 million. They make an impressive $31 million in sales every year.

You might have seen them on Season 11 of Shark Tank, but surprisingly, none of the sharks took the bait. However, Swimply didn't let that setback stop them. In fact, they pushed through and achieved remarkable success.

Their journey caught Airbnb's attention, and Airbnb decided to invest a cool $40 million in the company. They even have plans to fully acquire Swimply in the near future. Quite a story of determination and triumph!

Highlights

  • Swimply was founded in 2018 by Bunim Laskin.
  • Swimply is headquartered in Los Angeles, California.
  • Swimply has raised over $50 million in funding from investors such as Airbnb, Instacart, and Poshmark.
  • Swimply currently has over 25,000 pools listed on its platform.
  • Swimply is available in the United States, Canada, and Australia.

Swimply Net Worth

Swimply is a pool-sharing app that allows users to rent pools from local homeowners. The company was founded in 2017 by Michael Laskin and appeared on Season 11 of Shark Tank. The Sharks were not interested in investing in Swimply at the time, but the company has since gone on to become very successful.

In 2021, Swimply raised $10 million in Series A funding led by Norwest Venture Partners. The company also saw a 4,000% increase in revenue in 2020. As of 2024, Swimply is estimated to have a net worth of $160 million.

Here is a breakdown of Swimply's financial performance:

  • Revenue: Swimply's annual revenue is estimated to be $29 million.
  • Profit: Swimply is profitable and is estimated to generate over $5 million in annual profits.
  • Valuation: Swimply is currently valued at $160 million.

Swimply is one of the most successful products to ever feature on Shark Tank. The company has overcome early setbacks and is now a major player in the pool-sharing industry. With its strong financial performance and continued growth, Swimply is well-positioned for continued success in the years to come.

Here are some additional details about Swimply's financial performance:

  • Commission: Swimply charges a commission of 10% to 15% on each booking.
  • Payouts: Swimply pays pool owners 85% to 90% of the booking price.
  • Marketing: Swimply spends heavily on marketing, with over $10 million spent in 2021.
  • Growth: Swimply is growing rapidly and is expected to continue to grow in the years to come.

Overall, Swimply is a very successful company with a bright future. The company has a strong financial performance and is well-positioned for continued growth.

Foundedin 2017 by Bunim Laskin and Asher Weinberger
Headquartersin Los Angeles, California
Availablein the United States, Canada, and Australia
UsersOver 1 million users
Revenue$31 Million
Profits$7 Million
Lifetime Revenue$73 Million
Net Worth$180 Million
Employees60+
Pool Listings27,000+
Main InvestorAirbnb
Launched DateJune 2018

Swimply

Swimply is an online marketplace that allows people to rent private swimming pools by the hour. Swimply is like Airbnb, but for pools. Homeowners with pools can list their pool on Swimply and set their own price. Swimmers can browse Swimply to find pools in their area and book a rental.

Swimply is available in the United States, Canada, and Australia. There are over 25,000 pools listed on Swimply. Swimmers can filter their search by location, pool size, amenities, and price.

Once a swimmer has booked a pool, they will receive the address, entry instructions, and Wi-Fi details. Swimmers are responsible for bringing their own pool towels and sunscreen.

Swimply has safety features in place to protect both homeowners and swimmers. All swimmers must be 21 years of age or older and must agree to Swimply's terms of service. Homeowners are required to have liability insurance.

Swimply is a convenient and affordable way to enjoy a private swimming pool. It is a great option for people who do not have a pool of their own or who want to try out a different pool.

Here are some of the benefits of using Swimply:

  • Affordable: Pool rentals on Swimply are typically much cheaper than hotel pool passes or day passes to public pools.
  • Convenient: You can book a pool reservation on Swimply with just a few taps on your phone.
  • Variety: There are pools of all shapes and sizes listed on Swimply, so you're sure to find one that's perfect for you.
  • Safety: Swimply has safety features in place to protect both homeowners and swimmers.

If you're looking for a fun and refreshing way to cool off this summer, Swimply is a great option.

Swimply Shark Tank

Swimply is a peer-to-peer pool rental marketplace that allows users to rent out their pools to others by the hour. The company was founded in 2018 by Bunim Laskin, who appeared on Shark Tank in Season 11 to pitch his business to the Sharks. While the Sharks ultimately passed on investing in Swimply, the company has since gone on to achieve significant success.

In the years since appearing on Shark Tank, Swimply has expanded its operations to over 125 markets in the United States, Canada, and Australia. The company has also raised over $50 million in funding from investors such as Airbnb and SoftBank. In 2022, Swimply was valued at over $180 million.

Swimply Net Worth

Swimply owner

The owner of Swimply is Bunim Laskin. He is the co-founder and CEO of the company. He came up with the idea for Swimply when he was 20 years old, after noticing a neighbor's pool that was rarely in use. He rented the pool in exchange for assistance paying for its upkeep. He then realized that he might have a scalable business plan and began finding other neighbor's pools using Google Earth's satellite photos.

Swimply launched in 2017 and has since grown to over 15,000 pools in 103 cities across the United States and Australia. The company allows homeowners to rent out their pools by the hour to swimmers in their area. Swimply takes a 10% guest service fee and a 15% commission from the homeowner.

Laskin has been praised for his entrepreneurial spirit and his ability to quickly grow Swimply into a successful business. He was featured on the ABC reality show Shark Tank in 2018, where he pitched Swimply to a panel of investors. He secured a $300,000 investment from Mark Cuban and Lori Greiner.

Laskin is a graduate of the Talmudic College of Florida. He is also a member of the Forbes Technology Council.

How to earn money from Swimply?

  1. Sign up: Create a Swimply account and add your pool to the marketplace.
  2. Set your rates: Decide how much you want to charge per hour for your pool.
  3. Receive bookings: Swimmers can book your pool through the Swimply app or website.
  4. Enjoy your rental income: Swimply takes a 15% cut of each rental, and you keep the rest.

Swimply is available in the United States, Canada, and Australia. There are over 25,000 pools listed on Swimply, so you're sure to find the perfect pool for your next pool party or family swim.

How to book Swimply pool?

  1. Sign up: Create a Swimply account and provide some basic information about yourself, such as your name, email address, and payment method.
  2. Search for pools: Browse nearby pools by location, price, amenities, and other criteria.
  3. Book a pool: Once you find a pool that you like, send a booking request to the host. The host will then approve or decline your request.
  4. Enjoy your pool time!: Once your booking is confirmed, you'll receive the address of the pool, entry instructions, and other important information.

Is Swimply legit?

Yes, Swimply is a legitimate company. It has been featured in major media outlets, such as The New York Times, The Wall Street Journal, and Forbes. Swimply also has a strong safety record. All hosts are required to pass a background check, and all pools are inspected before they are listed on the marketplace.

Is Swimply owned by Airbnb?

No, Swimply is not owned by Airbnb. However, Airbnb has invested $40 million in Swimply and is reportedly interested in acquiring the company in the future.

Is Swimply safe?

Swimply is generally considered to be a safe platform. However, there are always risks associated with renting out your home or property to strangers. Swimply has a number of safety features in place to help protect both hosts and renters, such as:

  • Background checks for all hosts
  • Pool inspections
  • 24/7 customer support
  • A dispute resolution process

If you are considering renting your pool on Swimply, it is important to read the company's safety policies and procedures carefully.

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