Numilk Networth 2025: The Prominent Vegan Milk Company

Imagine drinking a creamy, delicious milk substitute while knowing you’re contributing to an endurable future — this is the promise of Numilk. With the rise of plant-based diets, this company has quickly become a household name, and its financial outlook for 2025 is nothing short of exceptional. 

In this article, we’ll examine Numilk’s journey to success, including its forecasted net worth and the trends driving its vogue. Read on to discover how Numilk is not just extinguishing thirst but also reshaping the dairy landscape.

Early Stages Of Business Of Numilk

Joe Savino and Ari Tolwin, experienced business professionals originally from New York, founded Numilk in 2018 with a mission to promote justifiability and reduce waste. Using their combined education and professional experience, the co-owners have successfully driven the company’s success in the plant-based milk market.

About Joe Savino- CEO Of Numilk

Savino, Numilk’s Chief Executive Officer, thought up the company from a desire for an uncomplicated method to produce fresh almond milk. Numilk’s signature product is a simple blend of almonds and purified water, with an option to add maple syrup for sweetness. 

Savino holds a BBA in Finance from Pace University – Lubin School of Business. Prior to Numilk, he served as Operations Manager at 121 Inflight Catering from 2010 to 2015. In 2013, he also co-founded Harvest Beverage Group, a beverage contract packer, where he remained until 2018.

About Ari Tolwin- Co Founder Of Numilk

Ari Tolwin, Numilk’s CEO, exhibited an entrepreneurial spirit from a young age. Tolwin went after higher education and has an MBA From Duke University and a BA from University Of Pennsylvania. In 2013, he co-founded Happy Tree, a maple water company specializing in maple water production. 

He closed this venture in 2018 to enter the vegan milk replacement industry with Savino. Their combined skills in beverage sales and entrepreneurial drive proved crucial in establishing Numilk.

Business Model And Sold Products

Numilk operates on a dual B2B and B2C model. The B2B component centres on providing grocery stores, food vendors, and cafes with their plant-based milk. Numilk’s commercial machines, roughly the size of two refrigerators, allow customers to refill their own bottles.

For at-home use, Numilk offers a dense version of their milk-making machine, authorizing purchasers to create numerous milk options. Numilk provides a span of milk pouches, including almond, cashew, pistachio, and oat milk, for those without the machine.

These pouches are available in sweetened and unsweetened variations, as well as special versions like latte, protein, and a unique mushroom mocha. The company highlights its dedication to avoiding preservatives, gums, processed sweeteners, and fillers, ensuring the use of fresh and healthy ingredients in their production.

Benefits Of Numilk

This dairy-free liquid refreshment is a nutrient-rich option, packed with healthy fats and crucial minerals. Its low-calorie and protein-rich profile makes it an exceptional choice for those controlling their weight.

This vegan milk substitute offers an affluence of nutrients, including calcium, potassium, magnesium, vitamin E, and vitamin D. It attracts more than just the health-conscious consumer.

Its fiber content encourages digestive health, making it advantageous for improving gut well-being. The product brags a delicious, fresh taste, achieved through creative machinery and appropriate packaging.

Numilk Net Worth 2025

Numilk, a company specializing in vending machines for vegan milk options, reported a net worth of $70 million as of 2025, with lifetime sales being reported to be over $55 million. The brand is well placed  for future success, leveraging the quickly enlarging vegan market and increasing consumer demand for plant-based milk.

The company’s launch was kept up by a $12 million investment from venture capitalists, a significant portion was lost  prior to the shark tank pitch due to high research and developmental cost. They secured $2 million dollars from Mark Cuban in shark tank. In 2019, despite producing $320,000 in revenue, Numilk experienced a substantial loss of $3 million, a financial challenge that persevered into the following year.

The COVID-19 pandemic substantially affected the company,with Numilk having actual sales of $400,000 in 2020. Numilk’s R&D expenses for 2020 were $2 million that led to a loss for that year. At the time of the pitch,cumulative losses of the company were $7 million and this loss was from the $12 million dollars they had raised up to this point.

Numilk Shark Tank Venture

Before emerging on Shark Tank, the founders of It appraised their company at over $20 million. They were looking for investment to enlarge their machine catalog and to support their new at-home machine product. The founders asked for $1 million in funding for a 5% equity stake. 

The investors on the show, including Lori, Daymond, and Barbara, were confused and passed on the deal. Kevin and Mark Cuban, who are vegetarian, acknowledged the opportunity. The founders presented two different machines, a large commercial machine which was said to cost $30,000 and a smaller counterpart home machine prototype which cost $85 and would sell at $199. 

Seeing the profit potential, Kevin offered a $1 million loan at a 9.5% interest rate over three years, in exchange for 5% equity. Cuban offered a final offer of $2 million dollars, $1 million being for 7% equity and an optional $1 million dollars for 3% of advisory shares. This was asked by the co-founders of Numilk.

Numilk Pro

Numilk Pro, a smaller repetition of the company’s booth machine, is offered to a wide span of vendors, including high-end cafes and restaurants. The company’s website promotes its machines being made use of by well-known establishments such as Cartel Roasting Co. and Birch Coffee.

Numilk After Shark Tank

Numilk experienced substantial challenges in 2020, the year their “Shark Tank” episode was filmed, first and foremost due to the Coronavirus pandemic. As they shared with the investors, this led to delayed product launches with Kroger, Gelson’s Markets, and other retailers. Despite these hurdles, the brand has constantly overcome misfortune. 

The day before their “Shark Tank” appearance in March 2021, the founders commenced a Kickstarter campaign for the Numilk Home, a dense, countertop milk maker, successfully raising $222,353 over 45 days.

Following their “Shark Tank” experience, Numilk experienced a period of rapid growth. The company expanded its product line to include organic cashew milk and introduced several new flavors: Goldenmilk, a blend of coconut, maple, turmeric, and ginger; and Moonmilk, featuring maple, dragon fruit, chamomile, and ashwagandha.

Concurrently, Numilk also introduced an appealing new oat milk-based flavor, Matcha Latte, along with special monthly selections such as Black Sesame and Vegan Egg Nog. Furthermore, the startup broadened its retail presence, with its larger Numilk Pro commercial machines being installed in numerous coffee shops nationwide.

Comparison: Numilk Net Worth Vs Other Buiseness Networth

• BootayBag’s impressive $5 million net worth mirrors its burgeoning growth and widening customer base.

Conclusion

Numilk’s journey since its inception has been marked by both significant challenges and notable successes. While the company initially grappled with financial difficulties and struggled to establish major retail partnerships, it has since achieved a considerable milestone by securing investment from Shark Tank. Numilk remains dedicated to advancing its innovative plant-based milk-making technology.

The outlook for Numilk appears bright, driven by its strategic focus on providing fresh, healthy, and sustainable milk alternatives that align with the expanding vegan consumer base. The company’s ongoing commitment to broadening its product portfolio, coupled with its strong potential for widespread market acceptance, positions Numilk favorably for continued future growth and achievement.

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