Muvez Net Worth 2023 | Muvez After Shark Tank

This post is about Muvez Net Worth and Profile. Many people take off their shoes and wear slippers when they enter a house. Entrepreneurs Ryan Cruz, Kevin Zamora, and Eric Cruz developed Muvez, a shoe that can quickly transform into a slipper.

Introduction of Muvez

Muvez is a footwear brand based in New York City that was founded in 2016. Their mission is to revolutionize traditional footwear by incorporating modern design, functionality, and modularity.

The brand aims to create stylish and comfortable footwear that caters to the needs of its users’ lifestyles.

Muvez was created to fill a gap in the market for innovative and versatile footwear that could adapt to different lifestyles and practices.

The brand has set a new standard in the industry by offering distinctive and accessible footwear with superior functionality. Muvez is not just a brand, it’s a lifestyle committed to its customers and public service.

Establishing The Company (Muvez)

Eric offered to assist his brother with his assignment, which led to their innovative idea. After noticing their mechanic father’s slippers wearing out, they decided to create a shoe that could transform into a slipper by using removable soles.

To create their product, the Cruz brothers procured materials from a craft store in their neighborhood and fashioned the initial prototype, despite their professor’s disapproval.

Undeterred, they enlisted the help of Kevin, an experienced startup launch specialist, and co-founded Muvez in 2017. Through a Kickstarter campaign, they raised $33,873 and accomplished $70,000 in sales within the first year.

The Founders Of Muvez

Ryan and Eric Cruz, hailing from New York City, pursued distinct academic paths.

Ryan attended the New Jersey Institute of Technology to study industrial and product design, while Eric completed his master’s degree in Business and Sports Administration from Fairleigh Dickinson University.

Kevin Zamora, who comes from Carlstadt, New Jersey, obtained two associate degrees, one from Miami Dade College and the other from Bergen Community College.

He gained work experience as an intern at The Walt Disney Company.

Despite having diverse professional trajectories, the trio of co-founders crossed paths when Ryan was assigned a college project to re-envision an ordinary consumer product.

Muvez Net Worth
Muvez Net Worth

Muvez Net Worth and Other Information

Company Name (Legal Name )Muvez LLC
IndustriesRetail Apparel and Fashion
OwnersRyan Cruz, Eric Cruz, And Kevin Zamora
HeadquartersJersey City, New Jersey, United States
SharkDaymond John
Company size2-10 employees
Muvez Shark Tank EpisodeSeason 11 Episode 18
Asked For On Shark Tank$200,000 For 15%
Offer Accepted On Shark Tank$200,000 For 25%
TypePrivately Held
Business Type2-In-1, Indoor-Outdoor Slipper Shoes With Removable Soles
SpecialtiesFootwear, Apparel, Streetwear, Athleisure, Fashion, Community, Design, Manufacturing, Comfort, and Functionality
Muvez Net Worth$3 million
Muvez Net Worth

Muvez Before Shark Tank

Many households and cultures adhere to the etiquette of removing shoes when entering a home, but for some, the process of taking off and putting on footwear is too bothersome.

This inconvenience led Eric and Ryan Cruz, brothers from New Jersey, to invent a clever solution.

Their invention, Muvez shoes, boasts two detachable soles – one for rough outdoor use and the other for cozy indoor wear – making it effortless to switch from outdoor to indoor use.

Muvez shoes are also available in various stylish color combinations, providing both comfort and fashion.

Their next objective was to secure an investor to promote and grow their business into a significant player in the footwear industry, which they pursued by appearing on Shark Tank.

Muvez After Shark Tank

According to reports, Muvez experienced an astonishing four-fold increase in revenue from $100,000 in 2019 just three months after their Shark Tank episode aired.

This unexpected spike in sales was largely attributed to the pandemic-induced closure of numerous non-essential businesses.

Despite the surge in demand, Eric, Ryan, and Kevin took on the task of packing the orders themselves, which proved to be a success.

In 2020, the company expanded its offerings to include a women’s product line, and in 2022, Muvez’s ‘New Traveler’ shoe became available for pre-order.

Additionally, to assist customers, the company now allows them to make installment payments through Shop Pay.

Muvez has established partnerships with various NBA athletes, such as Langston Galloway and the Detroit Pistons. Presently, the shoes are available for purchase on their website and Amazon.

The company’s value presently stands at $3 million, demonstrating its positive trajectory. Although Muvez’s heel security technology did not receive a patent, they were unable to pursue licensing deals with larger shoe brands as a result.

Muvez Net Worth on Shark Tank
Muvez Net Worth on Shark Tank

Muvez Net Worth

As of 2023, Muvez net worth is estimated at $3 million.

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Muvez As A Public Figure – Social Media Influencer

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Muvez Net Worth Social Media Accounts

FAQ – Muvez Net Worth

What is Muvez’s net worth?

As of 2023, Muvez’s net worth is estimated at $3 million.

Who is the founder of Muvez?

Muvez Shoes was founded by Ryan and Eric Cruz, who jointly founded the company.

Ryan, who serves as the Chief Design Officer (CDO), was given a project to reinvent a common consumer product while pursuing his degree in Industrial Design at NJIT.

His brother Eric, the CEO, quickly became involved in the project as well, drawing on their shared creative background.

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