• Hidrent is a platform offering trusted home services, employing off-duty firefighters for various projects.
  • Services provided by skilled professionals include Light Fixtures, General handymen, Furniture Moving, Holiday Lights, Smoke Detectors, Hanging, Hauling, Furniture Assembly, TV Wall Mount, and Gutter Cleaning.
  • Customers pay approximately $100 to $300 for each job.
  • Hidrent deducts 20% of the payment and gives 80% to the firefighter.

Who Is the Founder of Hidrent?

  • The founder of Hidrent is David Heimbuch, a professional salesperson who has worked for several companies including Tapad, AT&T Mobility, and Shazam Entertainment.
  • He studied Business Administration at the University of Nebraska-Lincoln and is an Accelerator Program member of Capital Factory.

What Happened After Shark Tank?

  • In Shark Tank, David Heimbuch asked for a $3.7 million valuation but signed a deal worth $937k with Lori and Robert for 33.3% equity.
  • Hidrent is now providing services nationwide, with potential expansion to cater to senior citizens and single mothers.
  • The company had a lifetime sale of $850,000 with revenues of $125,000 in 2019, $260,000 in 2020, and $325k in 2021, taking 23% of these sales.
  • Hidrent raised $662.5k from 9 investors in a seed round before Shark Tank.
  • The company also ran an equity-based fundraiser on StartEngine, raising $143,080.02 at an $8.5 million valuation.
  • A partnership with the International Association of Fire Fighters until 2024 will allow Hidrent to connect with 300,000+ firefighters.
  • As of December 2022, Hidrent’s annual revenue is approximately $1.4+ million.

Social Media

FAQs About Hidrent:

  • Q1: Is Hidrent still in business?
    • Ans: Yes, Hidrent is still in business.
  • Q2: What happened to Hidrent on Shark Tank?
    • Ans: The company secured a deal with Sharks, with Robert & Lori investing $300k for 33.3% equity.
  • Q3: Did Hidrent get a deal on Shark Tank?
    • Ans: Yes, Hidrent got a deal on Shark Tank. Robert & Lori invested $300k for 33.3% equity.

Physical Statistics of Hidrent:

  • Valuation in Shark Tank: Asked for $3.7 million, got a deal worth $937k.
  • Lifetime Sales: $850,000
  • Revenues: 2019 – $125,000, 2020 – $260,000, 2021 – $325,000
  • Hidrent’s Share of Sales: 23%
  • Revenue from StartEngine Fundraiser: $143,080.02
  • Annual Revenue (as of December 2022): Approximately $1.4+ million

Family and Relationships:

  • Founder: David Heimbuch
  • Co-investors: Lori, Robert
  • Partnership: International Association of Fire Fighters till 2024

Education:

  • Bachelor of Science in Business Administration from the University of Nebraska-Lincoln
  • Accelerator Program member of Capital Factory since April 2019

Net Worth:

  • Valuation in Shark Tank: $3.7 million
  • Actual Deal Amount: $937,000
  • Amount Raised in Seed Round: $662,500
  • Revenue from StartEngine Fundraiser: $143,080.02
  • Annual Revenue (as of December 2022): Approximately $1.4+ million

Education:

  • Bachelor of Science in Business Administration from the University of Nebraska-Lincoln
  • Accelerator Program member of Capital Factory since April 2019

Net Worth:

  • Valuation in Shark Tank: $3.7 million
  • Actual Deal Amount: $937,000
  • Amount Raised in Seed Round: $662,500
  • Revenue from StartEngine Fundraiser: $143,080.02
  • Annual Revenue (as of December 2022): Approximately $1.4+ million

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