Numilk Net Worth 2025: Owners, CEO, Founders, Revenue, Income & History

What is Numilk?

Numilk specializes in producing and offering plant-based milk products, which provide an innovative and sustainable alternative to dairy milk consumption. As of 2025, Numilk net worth is estimated to be $70 million. Founders Ari Tolwin and Joe Savino appeared on season 12 of Shark Tank and secured a deal with Mark Cuban.

Numilk is a product that provides fresh almond milk in less than a minute. You just need to insert a bottle into the faucet to use it. The machine’s retail price is $299.

Founder of Numilk

Numilk was founded by Ari Tolwin and Joe Savino. They established the company to produce a machine that creates plant-based milk from ingredients like nuts and seeds, offering an alternative to traditional dairy milk. After analyzing their social media profiles, it was discovered that Joe holds a BBA degree from the Lubin School of Business, while Ari completed his MBA from Duke University.

They have extensive experience in the beverage industry. Tolwin co-founded tree water provider Happy Tree Maple Water and became its CEO in 2013. Savino co-founded beverage contract packer Harvest Beverage Group in the following year.

Also, Read: Masashi Kishimoto Net Worth 2025

Both decided to leave their companies. Then, they joined forces to launch a new business producing plant-based milk.

They collect the maximum family savings and loans to start the business. In Paramus, the first machine was installed at NJ Whole Foods in 2018. The company has gone to the top, and customers are satisfied with this product.

Lennie Friedman joined later in this company and played an essential role. He is the CFO and VP of Engineering. He manages the product line quality and accuracy. Consumers grab a bottle, pour it into the faucet, and choose from sweet and unsweetened options. Their drink will be ready in less than a minute.

About Numilk

Numilk was started in 2018 by two Joe Savino (Joseph C. Savino) and Ari Tolwin who have desired to create a simpler but unique, fresher way to enjoy plant-based milk. Both combine their entrepreneurial skills with engineering, the idea came out of frustration with the industrial preservative. The company’s primary product is to sleek machine that allows users to make fresh almonds, oats, and other plant-based milk using minimal ingredients and no preservatives.

This approach not only appeals to eco-conscious consumers but also addresses the need for freshness in the plant-based milk sector. Because of its popularity, the company expanded its presence rapidly, attracting investments and securing strategic partnerships with major retailers like Whole Foods, Walmart, and other national grocery chains.

Stray Gog Capital is firm. It can provide startup business loans to help grow the business. The company is located in Leawood, Kansas, United States. With the help of this company, NuMilk undisclosed the amount and amount funded by one round on Feb 27, 2020.

The company behind Numilk was launched in 2018. In the same year, they raised $12 million from investors. However, in 2019, they made $320,000 but suffered a loss of $3 million. The following year, in 2020, the business experienced a loss of $2 million but gained $400,000.

Joseph worked as Operation Mange in 121 Inflight Catering from March 2010 to January 2015. In May 2013, he started as cofounder of Harvest Beverage Group, and he worked there for 5 years, leaving in June 2018.

 

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Shark Tank

Numilk is a company that appeared on the TV show “Shark Tank.” The founders, Ari Tolwin and Joe Savino pitched their innovative plant-based milk machine, which produces fresh nut milk in a few minutes. The episode featuring Numilk aired in 2020 during the show’s eleventh season.

During their pitch, the founders showcased their machine, emphasizing its ability to provide a convenient and environmentally friendly alternative to store-bought plant-based milk. They explained the freshness and customizability of their product, allowing users to control ingredients and flavors.

The Sharks were impressed by the product and its potential in the growing market of plant-based alternatives. Ultimately, the founders secured a deal with investor Mark Cuban, who offered them $2 million for a 30% stake in the company.

Mark Cuban’s investment and partnership were expected to help Numilk expand its market reach and accelerate its growth within the plant-based milk industry. The exposure from appearing on “Shark Tank” also contributed significantly to the company’s visibility and potential success.

The company grew, but the founder needed more investment to build the NuMilk machine in the extensive inventory. They decided to raise the investment from outside, and the product could be made industrial-size.

Tolwin and Savino needed help to get their business off the ground. So, they planned to get help from wealthy investors on Shark Tank. In 2021, they made their pitch, offering 5% equity for $1 million. Valuing their business at $20 million was expensive for some sharks.

In addition to their unique plan, which was equivalent to the size of two refrigerators, they likewise presented the new and convenient form, Numilk Home, valued at $199. The most extravagant Shark, Mark Cuban, likewise a vegetarian, saw great expectations in this.

In this way, Cuban made a $2 million deal and recommended that $1 million would be cash for 7% value. The other portion of the arrangement is credit with 3% interest; Joe and Ari cheerfully concurred.

Joe (Joseph Savino) and Ari appeared on ABC Shark Tank America in season 12 and episode 18. The couple sought $1 million for a 5% stake in the company. All the sharks taste the almond milk and OAT milk in the conversation.

Mark Cuban is interested in their offer, and he offers $1 million for a 7% stake in the company NuMilk plus an option of $1 million in loans at 3% interest for a 3% stake. They need clarification, and choosing which one offers is challenging. Then, the billionaire Mark Cuban finally picked the $2 million.

After Shark Tank

Numilk began haggling with Entire Food varieties after their Shark Tank episode. At the time, they likewise launched a Kickstarter crusade and raised more than $222,000 from 888 patrons.

The machines are currently selling in 65 stores all over the United States. On their site, their item’s home adaptation is also accessible for pre-request. They’re additionally hoping to fabricate more organizations with supermarkets and cafés.

Numilk isn’t advancing true to form and has battled store network issues. Clients are getting restless on Kickstarter as the remark segment is loaded with individuals searching for discounts. Numilk reported they settled on an arrangement with Hamilton Ocean side for them to make the Home and Expert machines in September 2022.

The most recent marketing projections have yet to be delivered in 2022, yet it’s expected Numilk is losing cash, and the organization is currently esteemed at $55 million. Ideally, they haven’t blown through all of Imprint Cuban’s speculation!

Numilk Net Worth & Income 2025

Numilk is a plant-based milk company that has quickly emerged as one of the innovative companies in the plant-based food industry. As of 2025, Numilk has estimated net worth has reached $70 million, showing its significant growth that is still ongoing. This company became popular because of its revolutionary approach to producing fresh, high-quality plant-based milk.

The company’s purpose is not only to compete as a dairy alternative market but also to introduce a highly profitable business model that has attracted significant attention and investment. In this article we are going to explore this unique idea’s history and from where it generated that awesome amount of income.

Source of Numilk’s Income

Numilk business model is Unique because it does not rely solely on traditional retail sales. The company’s revenue comes from a variety of sources, each contributing to its strong financial performance.

Sales of Plant-Based Milk Machines

The core of Numilk’s business lies in its Numilk machines. These vending-style devices which are placed in grocery stores, allow consumers to make fresh, plant-based milk on demand. The machines are typically sold or leased to grocery retailers for a one-time fee, along with maintenance and supply contracts. Each machine generates income every time a consumer uses it which contributes to generating consistent and passive revenue streams.

Revenue from Retail Partnerships

In addition, Numilk earns revenue from its partnerships with retailers. These partnerships include profit-sharing agreements where Numilk takes a portion of the sales from the plant-based milk that is produced from its machine. This way of generating revenue shows it is a profitable model. The more grocery stores eager to cater the more revenue generated and the greater the possibilities for Numilk to grow.

Numilk partnership with Hamilton Beach Brand, a leading name in kitchen appliances. They will manufacture and distribute Numilk machines. This partnership surely gave a lot of benefits such as increased production capacity also boots its credibility.

Wholesale Plant-Based Milk Production

Numilk also generates revenue through wholesale plant-based production which is sold to stores and online platforms. The company produces its milk using the freshest organic ingredients and sells it both in pre-packaged cartons and in-store machines. Significantly increases the revenue of the company through this business strategy.

Shark Tank Investment

Numilk’s journey took a significant turn when they appeared on the Shark Tank show where he shared his innovative unique idea, Mark Cuban appreciated and decided to invest $2 million with a 7% stake. This presence makes money with fame and popularity and also takes part in generating a good amount.

Sustainability and Branding

Numilk has successfully branded itself as a sustainable company by focusing on reducing waste and offering a direct-to-consumer approach to plant-based milk. The company designed the business to produce an eco-friendly product that helps in growing the consumer ratio and also boosts sales which is good for income. Additionally presents the company as the best opportunity to invest and generate more revenue.

Private Equity and investments

Numilk also invested in equity-based investments like other tech companies invest. In 202, the company raised $ 50 million in a funding round that led to capitalize on the rapidly expanding plant-based food sector. This investment has enabled Numilk to scale its operations, expand its reach into more grocery stores, and further develop its technology.

Direct-to-Consumer Sales

Numilk also has a website through which it sells its plant-based milk to consumers which helps in growing its presence on e-commerce platforms. Through online retailing, the company boosts its profit margins while maintaining direct relations with its loyal customers.

Future Prospects

With continued investment, strategic partnership, and product diversification, the company has the potential to significantly increase its market share and valuation. According to research by 2023 plant-based milk markets may be reached $123.1 billion. Even though expanding its product line is going to make this prediction.

Social Media Influence

Digital platforms are the way to connect and engage with consumers, build brand awareness, and ultimately increase revenue. For Numilk, the company’s social media presence plays a critical role in its success and wealth. The social media team handles all his accounts and answers their consumers quickly. Through Instagram, Facebook, Twitter, TikTok, and YouTube they reach millions of consumers.

Through their Instagram account, they engage 19.3k consumers while on Facebook company name is numilkfresh with a huge fan following. With the name numilkfresh it is also available on X Twitter where they share their review and new flavors. On TikTok, the team guides through short videos and engages several consumers. That is also a way of brand awareness and a way to generate income through promotion and collaboration.

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