MTailor, the innovative custom clothing app, has redefined how people shop for tailored menswear and women’s jeans. Founded by Miles Penn in 2012, the company uses smartphone technology to deliver perfectly fitted clothes. Since its memorable Shark Tank appearance in 2016, MTailor’s growth has been remarkable. In 2025, MTailor’s net worth (valuation) is estimated at $33.55 million, with annual revenue reaching $13.5 million. This article dives into MTailor’s financial success, valuation updates, product expansion, and more, inspired by the latest industry insights.
What Is MTailor?
MTailor is a San Francisco-based company under Bit Body, Inc. It offers custom-tailored clothing through a mobile app that uses a smartphone’s camera to measure customers. Founded by Miles Penn, a Stanford computer science graduate, MTailor solves the problem of ill-fitting clothes. The app claims to be 20% more accurate than human tailors, offering shirts, suits, and jeans starting at $29. With over 100,000 custom garments sold, MTailor has become a leader in tech-driven fashion.
MTailor’s Net Worth in 2025: $33.55 Million
As of 2025, MTailor’s valuation is estimated at $33.55 million, assuming a steady 10% annual growth rate from its 2022 valuation of $25 million. This growth reflects expanded product lines and strong sales. Here’s how MTailor built its wealth:
- Revenue: MTailor generates $13.5 million annually as of 2024, with monthly revenue between $350,000 and $550,000.
- Funding: The company raised $15.5 million in venture capital, including $7.2 million in 2018 and $8.3 million in 2022, backed by Y Combinator and Khosla Ventures.
- Sales Growth: After Shark Tank, MTailor saw a surge in app downloads and sales, contributing to its current valuation.
Despite not securing a Shark Tank deal, MTailor’s innovative approach has driven its financial success.
Shark Tank Pitch: A Bold Ask
In February 2016, Miles Penn pitched MTailor on Shark Tank Season 7, Episode 17. He sought $2.5 million for 10% equity, valuing the company at $25 million. Penn demonstrated the app’s ability to measure customers in 30 seconds using a phone camera. He highlighted $150,000 monthly revenue and a 15% return rate, lower than the industry’s 25–30%. However, the Sharks questioned the valuation and supply chain issues:
- Daymond John offered $2.5 million for 17.5% equity but wanted to license the technology. Penn declined.
- Kevin O’Leary proposed $2.5 million as a loan at 7% interest for 2.5% equity. Penn rejected it, preferring equity partners.
- Chris Sacca, Barbara Corcoran, and Mark Cuban passed, citing valuation concerns and Penn’s lack of urgency.
Penn left without a deal, but the exposure boosted MTailor’s growth.
Post-Shark Tank Success: Growth and Expansion
MTailor thrived despite the Shark Tank rejection. By 2022, annual sales hit $13 million, and the company maintained its $25 million valuation. In 2025, sales reached $13.5 million, with an estimated valuation of $33.55 million. Key milestones include:
- Product Expansion: From men’s shirts, MTailor now offers suits, blazers, jeans, chinos, and women’s jeans.
- Funding: Secured $15.5 million in venture capital, including $2 million from Khosla Ventures early on.
- App Enhancements: The app uses AI and augmented reality for 3D modeling and style suggestions, improving user experience.
- Customer Reach: Over 100,000 garments sold, with a 4.6-star rating on iOS from 4,800+ reviews.
MTailor’s 90-day Perfect Fit Guarantee and ethical sourcing have strengthened its brand.
Latest News: MTailor in 2025
In 2025, MTailor continues to shine in the custom clothing market. Business Insider included MTailor in its roundup of the best white dress shirts for men, praising its fit and affordability. The company plans to expand into dresses, skirts, and outerwear, aiming to capture a larger market share. However, its social media presence has been quiet since 2021, with only a single Facebook post in June 2024. Miles Penn remains active on X, promoting MTailor and wearing a custom suit at his wedding. Despite supply chain challenges, MTailor maintains a 15% return rate, well below industry standards.
Miles Penn: The Visionary Founder
Miles Penn, a Stanford graduate, founded MTailor in 2012 with co-founder Rafi Witten. Frustrated by poorly fitting online clothes, Penn developed the app during high school, refining it at Stanford. He’s the CEO of Bit Body, Inc., MTailor’s parent company. His net worth is tied to MTailor’s $33.55 million valuation, with estimates suggesting he holds significant equity. Penn’s persistence after Shark Tank and focus on innovation have driven MTailor’s success.
How Does MTailor Work?
MTailor’s app is its core innovation. Users select styles from 10,000+ combinations, then stand in front of their phone’s camera for a 30-second scan. The app measures 17 body points, creating a 3D model for precise tailoring. Shirts start at $29, suits at $249, and women’s jeans are now available. The process eliminates store overhead, offering custom clothing at half the price of traditional tailors. The app is available on iOS and Android, with 500,000+ downloads.
Community Impact and Sustainability
MTailor is committed to social responsibility. It partners with charities to support education, healthcare, and environmental causes. The company emphasizes ethical sourcing and works with suppliers who follow fair labor practices. This aligns with customer values, boosting brand loyalty. MTailor’s focus on sustainability and quality has helped it stand out in a competitive market.
What’s Next for MTailor?
MTailor plans to expand its product line to include dresses, skirts, and outerwear. The company is investing in marketing and influencer partnerships to grow its international presence. Maintaining quality and customer service as it scales will be a challenge, but MTailor’s 4.6-star app rating and loyal customer base suggest a bright future.
FAQs About MTailor
What is MTailor’s net worth in 2025?
Estimated at $33.55 million, based on a 10% annual growth rate from its 2022 valuation of $25 million.
What is MTailor’s revenue?
$13.5 million annually in 2024, with monthly revenue of $350,000–$550,000.
Did MTailor get a deal on Shark Tank?
No, Miles Penn rejected offers from Daymond John and Kevin O’Leary.
What products does MTailor offer?
Men’s shirts, suits, blazers, jeans, chinos, and women’s jeans.
How accurate is MTailor’s app?
Claims to be 20% more accurate than human tailors, with a 15% return rate.
Who founded MTailor?
Miles Penn and Rafi Witten in 2012.
Disclaimer
Net worth and revenue estimates are based on sources like Shark Tank Recap, PitchBook, and OtakuKart as of July 2025. Figures may vary. Social media insights reflect public views, not verified facts.
Conclusion
MTailor’s $33.55 million net worth in 2025 reflects its success as a tech-driven clothing brand. With $13.5 million in annual revenue and $15.5 million in funding, Miles Penn’s vision has thrived despite a Shark Tank rejection. The app’s AI-powered measurements and affordable prices have won over 100,000+ customers. As MTailor expands into new clothing lines, its future looks promising. What do you think of MTailor’s growth? Share your thoughts below!
Sources: Shark Tank Recap, PitchBook, OtakuKart, Business Insider.