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 were 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 the 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 worth $1 million. As of January 2022 the company has a net worth of $10 million.
What is BuggyBeds?
BuggyBeds is a unique bedbug detecting device that will never interfere with your daily routine and will provide you with peace of mind wherever you go! It is intended to notify you of a potential problem before it is too late! BuggyBeds monitoring may detect a period of up to six months.
The gadget is positioned beneath the four corners of your mattress so that it is hidden and does not cause discomfort while you sleep.
BuggyBeds inventors are Maria Curcio and her business partner Veronica Perlongo.
How much were they seeking on Shark Tank?
They sought $125,000 for 7% equity in the company, worth $1.8 million at the time of the recording.
Did they have the deal?
Yes, they made a deal with all five Sharks.
How much was the deal?
They offered $250,000 for 25% equity in the company.
Is BuggyBeds still in business?
Yes, it is still a thriving business.
How can I purchase BuggyBeds?
Customers can purchase BuggyBeds online.
What is BuggyBeds website?
Customers can visit http://www.BuggyBeds.com for more information.
Where is 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 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.
Are 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.
Are 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.
Are 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 is available for purchase directly from the manufacturers’ website.
How much is Veronica Perlongo worth?
Veronica Perlongo has an estimate net worth of $1.5 million.
How much is Maria Curcio worth?
Maria Curcio has an estimate net worth is $1.5 million.