PittMoss, an environmentally friendly potting soil company, is a rising star in Pittsburgh. After appearing on Shark Tank, it has added over 1.5 million dollars to its investors’ net worth. With a backlog of $600,000 orders, the firm is now trying to raise funds by crowdsourcing its products.
PittMoss is a fast-growing company with a goal of growing 40 to 50 percent per year. Currently, the company has revenues of about $50,000 a month and aims to achieve $25M in sales by 2025. However, this is just a quick snapshot of the current state of the company.
PittMoss was founded by Mont Hanley, who has been a greenhouse enthusiast since he was a teenager. The company was featured on Shark Tank and received $1.2 million from investors including Mark Cuban, Kevin O’Leary, and Robert Herjavec. Mont Handley served as a military cop and a representative for the United States Army before launching PittMoss.
Mont Handley, the founder of PittMoss, founded the company in 1994 and worked for two decades to perfect the formula. After appearing on Shark Tank, he secured enough funding to expand PittMoss to a global market. Although 73% of entrepreneurs on the show failed to land a deal, Mont Hanley has enough net worth to expand his business globally.
PittMoss’s current sales growth rate is 40-50 percent per year, and it needs to grow faster to reach scale. With its latest funding, the company is expected to close $1 million in sales this year. In the next five years, the company plans to open five to ten more facilities. It is currently in talks with three organizations in California to establish new locations.
PittMoss is made from recycled paper and other organic materials. Its production facility is located in Ambridge, PA, just outside of Pittsburgh. Its positive social, environmental, and financial impact makes PittMoss a triple-bottom-line company. PittMoss is a viable alternative to peat moss and is an environmentally conscious product.
Mark Moss has an impressive net worth. He started solo acoustic performances in 2001 and has since performed at the largest live music venues in the DFW area. Mark Moss is a gifted singer and guitarist with a gift for reading crowds. Wiki bios and videos about him can be found at his website and YouTube channel.
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