Numilk has become a major player in the plant-based milk world, thanks to its unique machines that make fresh milk alternatives on demand.

 Since its founding in 2018 by Ari Tolwin and Joe Savino, Numilk has grown rapidly, with its estimated net worth reaching $70 million in 2024. 

This growth was supercharged after the company appeared on Shark Tank, where Mark Cuban invested $2 million, setting Numilk on a path toward bigger markets and an expanded product line. 

Let’s explore Numilk’s journey, its products, and the impact it’s making in the plant-based milk market.

What is Numilk?

Numilk is a company that creates machines for making fresh plant-based milk on demand. These machines let consumers make almond milk, oat milk, cashew milk, and more, using simple, pre-packaged pouches of ingredients. 

With just a push of a button, the Numilk machine blends and filters fresh milk, offering a sustainable alternative to traditional packaged plant-based milk.

Numilk Machines: Two Versions for Different Needs

Numilk currently offers two main types of machines:

1. Commercial Machines: These larger machines are designed for grocery stores, coffee shops, and other businesses. Customers can choose their preferred milk type and make it fresh on the spot.
2. Home Machines: A smaller, compact version for personal use, allowing consumers to enjoy fresh plant-based milk at home.

Key Features of Numilk Machines

• Ingredient Variety: Options include almond, oat, and cashew milk, with new flavors like matcha latte and vegan egg nog in development.
• Pre-Packaged Pouches: Easy-to-use ingredient pouches provide a mess-free way to make milk on demand.
• Sustainability: Numilk machines reduce plastic waste and promote the use of whole, organic ingredients.

Shark Tank Success and Mark Cuban’s Investment

Numilk’s journey took a major turn in 2021 when it appeared on Shark Tank. Founders Ari Tolwin and Joe Savino successfully pitched their vision for fresh plant-based milk to the Sharks, securing a $2 million investment from Mark Cuban in exchange for a 10% equity stake. 

Cuban’s backing gave Numilk the resources and visibility it needed to expand rapidly, and the company’s net worth has since grown to $70 million as of 2024.

Impact of Shark Tank Exposure

The Shark Tank exposure helped Numilk in several ways:

• Increased Sales: Numilk saw a sharp rise in demand, leading to annual sales of around $13 million.
• Brand Recognition: The appearance on Shark Tank boosted Numilk’s profile, establishing it as a key player in the plant-based milk industry.
• Product Expansion: With the investment, Numilk could diversify its product line and introduce new flavors and machine options.

Financial Growth and Market Reach

Numilk has experienced impressive financial growth, with its estimated net worth reaching $70 million in 2024. 

The company’s annual sales are around $13 million, a testament to its strong consumer base and market demand for plant-based milk alternatives. Numilk has expanded to over 100 locations across the U.S. and is looking to grow even further.

Strategic Partnerships for Growth

One of Numilk’s major milestones was a partnership with Hamilton Beach Brands. This collaboration, established in March 2023, allows Hamilton Beach to handle manufacturing and distribution, giving Numilk access to greater production capacity and an established distribution network. 

This partnership is expected to further boost Numilk’s market presence and improve its reach in both commercial and home markets.

Founders’ Backgrounds: Ari Tolwin and Joe Savino

Ari Tolwin and Joe Savino, Numilk’s founders, each bring valuable experience that has helped shape Numilk’s journey:

• Ari Tolwin: Former CEO of a cold-pressed juice company, with a background in finance and entrepreneurship.
• Joe Savino: Skilled in product development and engineering, with a passion for sustainable food solutions.

Together, Tolwin and Savino’s expertise has allowed Numilk to thrive, pushing the company to innovate and meet consumer demands for sustainable, plant-based milk.

Numilk’s Environmental Impact

Numilk stands out for its commitment to sustainability. By providing fresh plant-based milk without single-use plastic bottles, Numilk’s machines help reduce plastic waste. 

Additionally, the company focuses on organic, whole-food ingredients, supporting both health-conscious and environmentally-minded consumers.

Sustainability Benefits of Numilk Machines

• Less Packaging Waste: Traditional plant-based milk comes in cartons or plastic bottles, but Numilk’s model reduces waste with refillable pouches.
• Supports Sustainable Choices: Consumers can make only the amount of milk they need, reducing food waste.

Challenges and Adaptations

Like many businesses, Numilk faced challenges during the COVID-19 pandemic. However, the company adapted by focusing on home-use machines and expanding its online sales channels. 

This shift has made Numilk’s fresh milk solutions accessible to even more customers who want plant-based options at home.

Future Outlook for Numilk

Numilk has a promising future as the plant-based milk market grows, projected to reach $123.1 billion by 2030. The company’s expansion plans include:

• International Growth: Plans to expand into Canada and Puerto Rico.
• New Products: Developing pre-made lattes and protein shakes for added variety.
• Strategic Partnerships: Numilk continues to seek collaborations to strengthen its market presence.

Quick Facts and Figures

Key Metric	Details
Net Worth (2024)	$70 million
Annual Sales	$13 million
Investment by Mark Cuban	$2 million (10% equity)
Founded	2018
Main Products	Commercial and home machines
Major Partner	Hamilton Beach Brands

FAQ’s

What is Numilk’s net worth in 2024?

Numilk’s estimated net worth is $70 million, showing strong growth since its Shark Tank appearance.

How does the Numilk machine work?

Numilk machines use pre-packaged pouches to make fresh milk on demand, offering almond, oat, cashew, and other plant-based options.

Who owns Numilk?

Ari Tolwin and Joe Savino are the primary owners, with Mark Cuban holding a 10% stake after his Shark Tank investment.

How successful is Numilk now?

Numilk has grown into a major player in the plant-based milk industry, operating in over 100 locations and partnering with Hamilton Beach to expand its reach.

Conclusion

Numilk is reshaping the way consumers think about plant-based milk, providing fresh, sustainable, and customizable options for a growing audience. 

With a net worth of $70 million, partnerships with major brands, and plans for expansion, Numilk is well-positioned to continue leading in the plant-based milk market. 

As consumer demand for healthier, environmentally-friendly choices grows, Numilk’s innovative approach offers a glimpse into the future of food technology.