LARQ has a net worth of $21 million in 2025. This innovative brand is best known for its self-cleaning water bottles and received major recognition after appearing on the popular TV show Shark Tank. Despite some ups and downs in sales over the years, LARQ remains a strong player in the eco-friendly water bottle market.
Larq Shark Tank Pitch
In 2021, LARQ’s founder Justin Wang presented his company on Season 12 of Shark Tank. At the time, the company was performing well, and Wang asked the Sharks for a $500,000 investment in exchange for just 1% equity, valuing the company at $50 million — the highest valuation ever pitched on the show.
Although the Sharks were initially shocked by the high valuation, they became more open after learning about the company’s strong sales numbers. Kevin O’Leary, Lori Greiner, and Robert Herjavec each offered $500,000 for varying stakes. Justin asked if they would team up for $1.5 million total. Robert declined, but Lori and Kevin agreed to invest $1.5 million for 4% equity.
Unfortunately, the deal never closed due to complications during the due diligence phase. However, the Shark Tank appearance gave LARQ a significant publicity boost.
Founder of LARQ
Justin Wang is the founder and CEO of LARQ. His love for nature and clean living led him to create a product that addresses the issue of bacteria and bad smells in reusable water bottles.
In 2017, Wang launched the LARQ self-cleaning bottle. The bottle uses Ultraviolet-C LED technology in its cap to eliminate up to 99.99% of bacteria and odor-causing germs. The innovation was well-received, and it quickly gained popularity.
LARQ Product Line
LARQ currently sells three main products:
- LARQ Bottle PureVis
- LARQ Pitcher PureVis
- LARQ Bottle Filtered
Among these, the LARQ Bottle PureVis remains the top-rated product with a 4.6 out of 5 rating based on more than 5,000 reviews on the company’s official website.
These products are available not only on LARQ’s website but also through major retailers like Amazon and Best Buy, making them accessible to a wide range of consumers.
Sales and Revenue Over the Years
When Justin pitched on Shark Tank, he estimated annual sales of $14 million. The company met that goal, largely due to the publicity from the show. However, after the initial spike, sales took a dip. At one point, annual revenue dropped to $6 million.
In 2025, LARQ reported an annual revenue of around $8 million, showing signs of recovery and stable growth. Profit margins, however, remain slim due to high production and marketing costs. Currently, the company holds approximately $3 million in cash and has unsold stock of 17,000 bottles.
Capital Raised
Since its inception, LARQ has raised a total of $27 million in capital. The funding journey began with a successful Kickstarter campaign that brought in $1.4 million in just a month. The first-year sales totaled $6.5 million and grew to $16 million by the third year.
In 2020, the company secured $10 million in Series A funding led by DCM and Venture firms. An additional $11 million came through Series A2 funding later that same year, with participation from Seventure and DCM investors. These funds were primarily used to develop the LARQ Pitcher PureVis and other innovations.
LARQ Net Worth Growth
| Year | Net Worth |
|---|---|
| 2019 | $2 million |
| 2020 | $5 million |
| 2021 | $9 million |
| 2022 | $15 million |
| 2023 | $21 million |
| 2025 | $21 million |
Success After Shark Tank
Despite the deal with Lori and Kevin not going through, LARQ benefited immensely from its Shark Tank appearance. The exposure helped them gain media coverage and increase direct-to-consumer sales. They managed to bank $6.5 million shortly after the show aired and used it to support product development and expansion.
LARQ’s innovation continued with the successful pre-sale of 20,000 pitchers, showing strong consumer interest even before full production. The company now plans to expand globally and release more innovative hydration solutions.
Is LARQ Still in Business in 2025?
Yes, LARQ is very much in business and continues to grow in 2025. With $8 million in annual revenue and a valuation still holding at $21 million, the company is focusing on innovation and product development. They remain committed to providing high-quality, self-cleaning hydration products for eco-conscious consumers.
The founder, Justin Wang, is working closely with investors like Venture and DCM to ensure LARQ stays ahead in the sustainable product market.
Frequently Asked Questions
What is LARQ’s net worth in 2025?
LARQ has a net worth of $21 million in 2025.
Who is the founder of LARQ?
Justin Wang is the founder and CEO of LARQ.
What is the main product of LARQ?
The main product is the LARQ Bottle PureVis, a self-cleaning water bottle that uses UV-C technology.
Did LARQ get a deal on Shark Tank?
LARQ received an on-air deal from Lori Greiner and Kevin O’Leary for $1.5 million for 4% equity, but the deal was never finalized.
Is LARQ profitable in 2025?
While the company is generating $8 million in revenue, profits remain low, estimated at around $24,000.
How much funding has LARQ raised?
LARQ has raised $27 million in total since launch.
