Rumpl Blanket Net Worth
Rumpl Blanket is a performance blanket company based in Portland, Oregon. Its products include heated blankets, dog beds, ponchos, and outdoor blankets. It uses 100 percent post-consumer recycled materials in its products. The blankets are durable, weather resistant, and lightweight. They are made with a DWR finish to help protect against the elements. 1% of Rumpl blanket sales are donated to environmental causes.
The company was founded in 2013 by Wylie Robinson. He was inspired to start a blanket company after taking a camping trip in California. When his cell phone stopped working, he and his friends slept in their van. After a few nights, he realized that a sleeping bag was more comfortable than his blanket. He began researching different types of material and discovered a high-performance material. This material is now used in high-end outdoor gear, such as puffy jackets.
Wylie consulted with a number of people before starting the business. He started with a successful Kickstarter campaign to raise money for his blanket. The campaign raised more than $15,000. In the end, the company sold 2,980,979 plastic bottles through its supply chain. Since then, it has purchased carbon offset certificates every year.
Rumpl Blankets are available through their website or on Amazon. They have been redesigned in 2019. Rumpl uses only 100% post-consumer recycled materials in its main range of blankets. Their blankets are highly stain-resistant and repel dirt. Some Rumpl blankets are also sold in REI retail stores. These blankets are sold at a wholesale cost of $50.
Rumpl Blankets were on Shark Tank in season 12. On the premiere episode of the show, the company was valued at $15 million. However, the company owner was unable to close a deal with the sharks. Nevertheless, the company has had more than $950,000 in sales in 2015.
In addition to the blanket, the company sells other products. For example, it offers heated blankets, dog beds, ponchos, outdoor blankets, and indoor blankets. They have a value statement on their website, which includes being approachable, creating excitement, looking to the future responsibly, and embracing adventures.
Rumpl has had several successful Kickstarter campaigns, each raising much more than its original goal. In the year of its founding, the company was able to raise $1 million in seed capital. In its first two rounds of funding, the company accumulated $1 million and $5,300,000. Additionally, the company was able to raise $250,000 through crowdfunding in its third and fourth rounds.
Rumpl’s blankets are made with a DWR finish, which means that they’re water-resistant and stain-resistant. The blankets are made from 60 percent recycled plastic bottles. Those plastics are recycled through the company’s supply chain. As a result, the company has been able to reduce its carbon footprint to zero.
Rumpl has a strong track record of sales, achieving $8 million in revenue in July of 2021. The company’s products have been featured on popular media channels, including CNN, HuffPost, ABC News, and Forbes.