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Swimply Net Worth

Swimply Net Worth

Swimply, the innovative pool-sharing platform often referred to as the “Airbnb for swimming pools,” has revolutionized how people access private pools. Founded by Bunim Laskin in 2018, Swimply allows homeowners to rent out their underutilized pools to guests by the hour.

Despite facing rejection on Shark Tank, the company has thrived, particularly during the pandemic when public pools were inaccessible.

As of 2024, Swimply boasts an estimated net worth of $30 million, driven by its creative model and a Series A funding round that raised $40 million.

Personal Details

FounderBunim Laskin
Year Founded2018
HeadquartersNew Jersey, USA
Key MarketsUSA, Canada, Australia
Employees76

Net Worth by Year

YearEstimated Net Worth
2020$10 million
2021$25 million
2024$30 million

Early Beginnings and Inspiration

Swimply’s journey started with a simple idea. As the eldest of 12 siblings in Lakewood, New Jersey, Bunim Laskin sought creative ways to entertain his family. Noticing a neighbor’s unused pool, he proposed sharing maintenance costs in exchange for pool access. This arrangement grew, inspiring Bunim to create a scalable business. By 2019, with $30,000 in family support and over 100 pools signed up via door-to-door marketing, Swimply was officially launched.

Shark Tank Appearance and Rejection

In 2020, Laskin pitched Swimply on Shark Tank, seeking $300,000 for a 5% equity stake. While the platform’s model intrigued some investors, doubts about financial projections and valuation led to rejection. Despite this setback, the Shark Tank exposure brought significant public attention, proving to be a turning point.

Post-Shark Tank Success

The COVID-19 pandemic proved to be a game-changer for Swimply. With public pools closed, demand for private pools skyrocketed. Swimply’s app, praised for its user-friendly design and 4.5-star rating, quickly gained traction, resulting in over 250,000 downloads and monthly reservations exceeding 15,000.

In 2021, Swimply raised $40 million in a Series A funding round led by Mayfield and angel investors, including Airbnb co-founder Nate Blecharczyk. The funding enabled expansion into new markets in the U.S., Canada, and Australia and diversification into activities like renting pickleball, tennis, and basketball courts.

Revenue and Business Growth

Swimply now operates with 76 employees and generates an estimated $10 million annually. The company has firmly established itself as a key player in the sharing economy, connecting homeowners and guests for a mutually beneficial experience. Its valuation of $30 million reflects its sustained growth and innovative spirit.

Key Lessons from Swimply’s Journey

  1. Persistence Pays Off: Bunim Laskin’s willingness to knock on dozens of doors and face rejections highlights the importance of resilience in entrepreneurship.
  2. Turn Personal Challenges into Solutions: Swimply’s concept originated from a simple personal need, demonstrating how everyday problems can inspire scalable businesses.
  3. Adapt to Market Needs: The pandemic created an unprecedented demand for private spaces, which Swimply capitalized on effectively.

Conclusion

Swimply’s innovative model and adaptability have cemented its place as a leader in the pool-sharing niche. From its humble beginnings to a multi-million-dollar valuation, Swimply’s story inspires aspiring entrepreneurs to think outside the box and persevere through challenges.

What is Swimply, and how does it generate revenue?

Swimply is a platform that allows homeowners to rent out their private swimming pools by the hour. It generates revenue by taking a commission from each booking made through its platform.

What is Swimply’s estimated net worth?

The estimated net worth of Swimply depends on its valuation, which is influenced by its funding rounds, revenue, and growth. Recent estimates suggest it could be worth millions, especially after gaining traction in the sharing economy.

Who founded Swimply, and when was it established?

Swimply was founded by Bunim Laskin in 2018. The idea came to him when he wanted to rent a neighbor’s unused pool for his family.

Has Swimply received funding from investors?

Yes, Swimply has raised significant funding from investors, including venture capital firms, to expand its operations and market presence.

How much does Swimply charge as commission?

Swimply typically charges a commission of around 15% from hosts and an additional fee from renters for each booking.

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