Hidrent Net Worth 2023 – Hidrent is a platform that provides trusted home service. It hires off-duty firefighters. Through them, it provides different home projects and services to customers. They are trusted and skilled professionals. Anyone who wants to become a firefighter must clear some interview rounds along with passing the written and physical tests. After training in the fire academy, they get a certificate as firefighters.
Hidrent provides different types of services, it includes Light Fixtures, General handymen, Furniture Moving, Holiday Lights, Smoke Detectors, Hanging, Hauling, Furniture Assembly, TV Wall Mount, and Gutter Cleaning.
Hidrent will deduct a 20% charge from the amount paid by you and will give 80% amount to the firefighter.
For each job, the customer pays approximately $100 to $300.
Hidrent Net Worth 2023
In Shark Tank, David Heimbuch asked for a $3.7 million valuation but later signed a deal worth $937k in Shark Tank. Right now Hidrent is providing its service nationwide and gradually it can be used by senior citizens and single mothers.
Who Is The Founder Of Hidrent?
David Heimbuch is the founder of Hidrent Company. He is a professional salesperson. He has worked as a salesperson for many companies including Tapad, AT&T Mobility, Shazam Entertainment, and many more.
David Heimbuch studied Bachelor of Science, in Business Administration from the University of Nebraska-Lincoln. He is an Accelerator Program member of Capital Factory since April 2019.
What Happened To Hidrent After Shark Tank?
Dave entered Shark Tank with his company Hidrent and asked the sharks for $300,000 for an 8% equity. He showed Sharks a demo session to understand his service.
David launched Hidrent in 2018. The company has a lifetime sale of $850,000. In 2019 – $125,000, In 2020 – $260,000, and $325k so far in 2021. Hidrent takes 23% of these sales.
Hidrent charges Homeowner approx $72 per hour and pays Firefighter approx $60. For each job, the customer pays approximately $100 to $300.
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This business idea got successful funding from Shark Tank. Lori and Robert invested in this business idea. Before coming to Shark Tank, Hidrent was providing its service only in some states, at present time it is providing its service nationwide.
Hidrent raised $662.5k from 9 investors in a seed round on 21 February 2020, before appearing on Shark Tank, reports Crunchbase.
The company Hidrent had run equity base funding on StartEngine at an $8.5 million valuation. This fundraiser closed on 20 October 2022 and the company raised a total of $143,080.02 from it.
The company has announced that it will have a partnership with the International Association of Fire Fighters till 2024. With the help of this, the company will be able to connect with 300,000+ firefighters. As of December 2022, the annual revenue of this company is approximately $1.4+ million.
Social Media
ICYMI, YOU have the opportunity to #invest in Hidrent! As of 6/21 (w/an early bird #bonus this week) we have a raise on @StartEngineLA, the largest equity #crowdfunding platform in the US. See our page and let us know what you think: Would you invest? pic.twitter.com/Fq3RIhKFUv
— Hidrent (@HidrentApp) June 23, 2022
FAQs About Hidrent –
Q1 Is Hidrent still in business?
Ans Yes, Hidrent is still in business.
Q2 What happened to Hidrent on Shark Tank?
Ans The company gets a deal with Sharks, Robert & Lori invest $300k in the company for 33.3% equity.
Q3 Did Hidrent get a deal on Shark Tank?
Ans Yes’ Hidrent got a deal on Shark Tank. Robert & Lori invest $300k in the company for 33.3% equity.
