BuggyBeds Shark Tank Net Worth 2023
BuggyBeds Shark Tank Net Worth
BuggyBeds is a company that produces bed bug detection products. It was founded by Maria Curcio and Veronica Perlongo and appeared on the show Shark Tank in 2016.
The company was valued at $1.8 million when it appeared on the show, and as of 2023, its net worth is estimated to be $4 million.
The five Sharks agreed to invest $250,000 for a 25% stake in BuggyBeds, and the company has since achieved revenues of $1.2 million in 2016.
This makes BuggyBeds one of the most successful products to land a Shark Tank contract, with one of the highest-earning Shark Tank products of all time.
What is BuggyBeds? Who is the founder of BuggyBeds?
BuggyBeds is a distinctive device designed to detect bedbugs without disrupting your daily routine and provide peace of mind wherever you go.
It is designed to alert you to a possible problem before it’s too late, and its monitoring capability can last up to six months.
To ensure comfort during sleep, the device is positioned discreetly under the four corners of your mattress. BuggyBeds was founded by two female entrepreneurs, Veronica Perlongo and Maria Curcio, who identified the prevalence of bedbugs in homes across the United States.
The BuggyBeds device contains glue monitors that attract bedbugs and trap them on a sticky pad. It can also be used on other furniture such as couches and even in your vehicle.
The founders declined a $5 million offer for the patents and trademarks after creating a product that could address a global problem. BuggyBeds was previously available at Home Depot and Burlington Coat Factory.
BuggyBeds Shark Tank Pitch
Maria Curcio and Veronica Perlongo, the creators of BuggyBeds, appeared on Shark Tank Episode 402 to seek a Shark’s assistance in growing their business.
They were asking for a $125,000 investment in exchange for a 7% stake in BuggyBeds, which was valued at $1.8 million.
After some discussion, Mr. Wonderful asked Maria and Veronica to leave the room so he could pitch a collaboration offer to his fellow Sharks.
When they returned, Kevin offered $250,000 for 25% equity shares and invited the other Sharks to join in. Barbara made an offer of $150,000 for 15% equity shares but withdrew it later.
Mark suggested they work together on a deal, and Robert accepted, with Barbara returning to accept the offer. Ultimately, Maria and Veronica accepted the offer from all five Sharks and exited the tank with a deal.
In an interview with Beyond the Tank, Maria revealed that they needed the Sharks’ help to speed up their retail distribution.
The deal was finalized, and BuggyBeds was available in 60 Home Depot stores at the time of the recording, with plans to expand to 350 stores soon.
Prior to the recording, BuggyBeds was only available in 75 Burlington Coat Factory stores, but it is now available in all locations.
The company has also secured distributor agreements in over 40 countries and a significant institutional wholesale channel.
Maria agreed to a second interview with Shark Tank after learning that her episode would be re-aired on 12/7/12.
Shark Tank camera crews also recorded a follow-up on BuggyBeds in Freehold, NJ, for episode 419, which aired on March 29.
Over the years, the company has introduced new products, such as flea and tick traps, mosquito repellent bands, and lice repellent bands, in addition to Bed Bug traps.
In April 2021, the company sold a majority interest to Rock Mountain Capital, which removed the Sharks from their ownership percentages.
However, Maria and Veronica are still major minority shareholders of the firm and actively involved in the business, which generates annual revenue of $4 million as of January 2022.
Net Worth of BuggyBeds
The company valuation was $1.8 million during the pitch, after the investment done by all five Sharks the company was worth $1 million. As of January 2022, the company has a net worth of $10 million.
Buggybeds Shark Tank Update
BuggyBeds is a system for detecting bed bugs that help users identify if they have a bed bug infestation. To use the device is placed under all four corners of the mattress, where it is hidden and doesn’t cause any discomfort while lying on the bed.
The founders of BuggyBeds, Veronica Perlongo, and Maria Curcio, appeared on season 4 of Shark Tank and asked for a $125,000 investment for a 7% stake in their company. All five Sharks teamed up to invest $250,000 for a 25% stake in BuggyBeds.
The deal was led by Daymond John, but all the Sharks have been great. After their appearance on Shark Tank, BuggyBeds saw a significant increase in brand awareness and distribution.
Prior to the show, BuggyBeds was in around 60 Home Depot stores, but this number increased to 350 stores almost immediately. BuggyBeds is now available in over 40 countries thanks to a successful distributor relationship.
The company has become extremely successful after Shark Tank, selling its products on its website, Amazon, The Home Depot, CVS Pharmacy, and Camping World. In 2016, BuggyBeds achieved revenues of $1.2 million, and the company is still going strong.
Summary Table of BuggyBeds Shark Tank Net Worth 2023
| TOPIC | SUMMARY |
| Company | BuggyBeds |
| Product | Bed bug detection device |
| Founders | Maria Curcio and Veronica Perlongo |
| Shark Tank Pitch | Asked for $125,000 for 7% equity, valued at $1.8 million. The sharks invested $250,000 for 25%. |
| Valuation on Shark Tank | $1.8 million |
| Revenues in 2016 | $1.2 million |
| Net Worth (2023) | $4 million |
| Investor | All five Sharks |
| Expansion | Available in 350 Home Depot stores and over 40 countries |
| Additional Products | Flea and tick traps, mosquito repellent bands, lice repellent bands |
| Majority Interest Buyer | Sold to Rock Mountain Capital in April 2021 |
| Current Annual Revenue (as of Jan 2022) | $4 million |
| Company Valuation (Jan 2022) | $10 million |
What Happened To Buggybeds After Shark Tank?
BuggyBeds is a bedbug detection device that can alert users to a potential infestation before it becomes too late. The device is discreetly placed under all four corners of a mattress, ensuring that it doesn’t cause any discomfort when lying on the bed.
The company was founded in 2011 by Veronica Perlongo and Maria Curcio and has built strong relationships with leading national retailers. Today, BuggyBeds has more than twenty products available in over 20,000 stores and online.
BuggyBeds appeared on Shark Tank in season 4, where all five sharks offered to invest $250,000 for a 25% stake in the company.
However, the founders declined the offer. Despite this, BuggyBeds saw a significant increase in brand awareness after appearing on Shark Tank and negotiating with all five sharks.
In the United States, sixty Home Depot stores sold BuggyBeds before the show aired, but now the product is available in 350 Home Depot locations following the show’s success.
BuggyBeds has become extremely successful after Shark Tank, selling their products on their website as well as Amazon, The Home Depot, CVS Pharmacy, and Camping World. The company also sells detectors and traps for mosquitoes, ticks, fleas, and lice.
Following its appearance on Shark Tank, BuggyBeds achieved revenues of $1.2 million in 2016, and the company continues to grow. Today, BuggyBeds is available in over forty countries thanks to a successful distributor relationship.
What Was The Outcome Of Buggybeds’ Pitch On Shark Tank?
BuggyBeds was featured on the TV show Shark Tank in season 4, where they pitched for an investment of $125,000 in exchange for a 7% stake in their business, which was valued at $1.8 million.
All five investors on the show decided to invest in the company, making it one of the most successful deals on the show. After the appearance on the show, BuggyBeds experienced an increase in sales, generating $1.2 million in 2016 and expanding to over 20 countries worldwide.
The company sells its products on various platforms such as its website, Amazon, The Home Depot, CVS Pharmacy, and Camping World.
Although the pitch was successful, there was a heated discussion on the show about the company’s valuation.
Kevin O’Leary asked the founders of BuggyBeds to go behind closed doors to discuss the matter with other investors, but the details of this discussion were not disclosed in the search results.
BuggyBeds is a detection system designed to help users identify if they have a bed bug infestation.
The device is placed under all four corners of the mattress, and it alerts users to a potential problem before it becomes a major issue. The company also sells detectors and traps for mosquitoes, ticks, fleas, and lice.
What Other Products Does Buggybeds Sell Besides Bed Bug Detectors And Traps?
The company BuggyBeds specializes in producing bed bug detection and trap products. Their traps use a specialized glue formula to attract and trap bed bugs for detection and are non-toxic and pesticide-free.
These traps can be used in a variety of settings, including homes, automobiles, hotels, and more. It seems that the company’s product line is solely focused on bed bug detectors and traps, with no mention of other products available on their website or in search results.
What Are Buggybeds?
BuggyBeds is a product designed to detect, trap, and kill bedbugs. It is a pesticide-free and non-toxic trap that aims to notify you of a possible bedbug issue before it gets worse.
BuggyBeds monitors feature a unique crushproof design that provides easy access to bugs and a clear viewing area for detection. The custom-formulated glue monitors attract bedbugs and other insects into the trap for identification.
The monitors are easy to use and can be hidden in various places, including the four corners of a bed between the mattress and box spring, couch cushions, or even in your car. They offer 24/7 detection and peace of mind.
Bedbugs are widespread and have caused panic and distress worldwide, with a 500% increase in infestations in recent years. BuggyBeds is a glue trap and early detection system that can be used in your home or while traveling.
Simply place the trap in a hotel bed, and you will quickly know if you need to find another room. BuggyBeds is an easy and effective way to detect bedbugs before they become a problem.
Who Invented Buggybeds?
Veronica Perlongo and Maria Curcio, two female entrepreneurs, founded BuggyBeds after observing the widespread infestation of bed bugs in homes across the United States.
They designed a product that uses glue monitors to attract and trap bed bugs on a sticky pad, buried beneath the four corners of a mattress.
The device can also be used on other furniture, such as couches and cars. In 2011, VCM Products, LLC acquired the BuggyBeds trademark and became the owner of the company, with Maria and Veronica remaining significant minority owners and active in the business.
The terms of the deal were not disclosed. During an episode of Shark Tank, Maria, and Veronica pitched a $125k investment for a 7% stake in BuggyBeds. After some discussion, Kevin O’Leary asked the ladies to leave the room while he proposed a deal to his fellow Sharks.
When Maria and Veronica returned, Kevin offered $250K for 25% and asked the other Sharks to come in on the deal. All five Sharks teamed up to invest in BuggyBeds, marking the first time in Shark Tank history that all five Sharks had invested in a single company.
How Much Were Buggybeds Seeking On Shark Tank?
Maria Perlongo and Veronica Curcio, the founders of BuggyBeds, appeared on Shark Tank and requested a $125,000 investment in exchange for a 7% stake in their company.
Kevin O’Leary offered $250,000 for a 25% equity share, but the other Sharks also expressed interest in investing. After some discussion, the Sharks agreed to invest $250,000 for a 25% stake in the company.
Before their appearance on Shark Tank, BuggyBeds was already selling their product in Home Depot and Burlington Coat Factory, generating $150,000 in sales over six months. They had also turned down a $5 million offer for their trademarks and patents.
Following their appearance on the show, BuggyBeds experienced increased brand awareness and earned $1.2 million in revenue in 2016. The company is now sold in over twenty countries worldwide and continues to be successful.
Did Buggybeds Have The Deal?
Yes, BuggyBeds did strike a deal on Shark Tank. They made Shark Tank history when all five sharks agreed to make an offer together.
Veronica and Maria, the owners of BuggyBeds, were approached by the producers of the show, and they realized that the sharks could bring a lot to their already successful product.
In The Shark Tank, Veronica and Maria asked for an investment of $125,000 in return for a 7% equity in their company.
The sharks agreed to the deal, and BuggyBeds has since become extremely successful, selling their products on their website as well as Amazon, The Home Depot, CVS Pharmacy, and Camping World.
In 2021, BuggyBeds sold a majority stake to Rock Mountain Capital and had annual revenues of $4 million.
Maria Curcio and Veronica Perlongo remain significant minority owners of the company and are active with the business. BuggyBeds is still in business as of 2023, with annual revenue of $4 million.
Is Buggybeds Still In Business?
BuggyBeds, a bed bug detection system, is still in operation as of 2023. The company experienced a significant increase in sales across all platforms after appearing on Shark Tank, including its website, Amazon, CVS Pharmacy, Camping World, and Home Depot.
They also launched various new products such as flea and tick traps, mosquito repellent bands, and lie repellent bands. BuggyBeds is available in over forty countries due to a successful distributor relationship.
The company has built long-standing relationships with leading national retailers and distribution more than twenty BuggyBeds products in over 20,000 stores and online.
BuggyBeds’ unique products are chemical-free and have received the Parent Tested, Parent Approved (PTPA) seal of approval.
Since Shark Tank, BuggyBeds has become extremely successful, selling their products on their website as well as Amazon, The Home Depot, CVS Pharmacy, and Camping World.
The company’s growth from its first $10,000 purchase order to an estimated net worth of over $10 million is noteworthy.
In 2021, Rock Mountain Capital purchased a majority share of VCM Products, LLC, the owner of the BuggyBeds trademark and highly successful bed bug detection system.
Maria Curcio and Veronica Perlongo, the founders of BuggyBeds, will remain significant minority owners of the company and active with the business.
What Is Buggybeds Website?
Customers can visit http://www.BuggyBeds.com for more information.
Where Are Buggybeds Located?
BuggyBeds headquarters is located in Freehold, New Jersey.
How Main Products Are Used?
The glue monitors in the BuggyBeds attract bed bugs and catch them on a sticky pad.
The BuggyBeds monitor may also be used on other types of furniture such as couches and even in your automobile.
Where Can I Buy Buggybeds?
BuggyBeds can be purchased at BuggyBeds.com, Retailers such as Home Depot and Burlington Coat Factory, as well as Bed Bath & Beyond.
What Is a Bed Bug?
Bed bugs are small insects that feed on human blood and hide in mattress seams and other places in the bedroom; you won’t see them but will probably notice their bug bites.
Is Buggybeds Safe?
Yes, because the BuggyBeds will detect bed bugs, not kill them.
What Episode In Shark Tank Was Buggybeds In?
The episode with BuggyBeds in it was Shark Tank Episode number 402.
What Are The Ingredients?
The primary ingredient is polyurethane foam. The specks that the bed bugs glue to are polyester fibers and permanent adhesive.
Is Buggybeds Waterproof?
BuggyBeds bands are comprised of natural oils and are waterproof. BuggyBeds’ revolutionary plant-based formula is safe for children of all ages, including pregnant and nursing moms, when used as advised.
Do Buggybeds Bands Actually Work?
They do a good job of keeping mosquitos at bay. The only reason Why awarded these four stars is that they stink up their wrist for a long time after they take them off.
His wife wore four of these to mow the grass today and received seven mosquito bites in ten minutes. One of the bites was exactly next to the band.
Bed Bugs Deposit Their Eggs In What Places?
These aptly called bugs usually deposit their eggs in bed mattresses or furniture cushions. Bed bugs choose these locations because they are generally dark, safe, and near to the person or animal they are feeding on.
Bed bugs, on the other hand, may opt to deposit eggs in walls, baseboards, or floors.
Is Buggybeds Shipping?
BuggyBeds accessories are shipped for free.
What Stores Can I Find Buggybeds In?
BuggyBeds are currently available for purchase at Bed Bath & Beyond, Burlington Coat Factory, and Home Depot and are available for purchase directly from the manufacturers’ website.
