CertifiKID Net Worth
What is CertifiKID and Who is the Founded of CertifiKID?
CertifiKID is a website that provides affordable options for parents seeking family-friendly activities, such as recreational activities, summer camps, entertainment, workshops, birthday parties, and family adventures.
The company was established in 2010 by Jamie Ratners, who serves as the CEO, and Tri Tran. Jamie Ratners has a marketing background and has worked in various marketing roles for Disney Parks and Resorts, Amusement Expo, Craftsman Carpentry Supply Company, and Builders Exchange.
They appeared on ABC’s Shark Tank with a proposal to expand the company nationwide and were seeking $600,000 in exchange for an 8% ownership, valuing the company at an estimated $7.5 million.
CertifiKID Shark Tank
CertifiKID’s founders sought an investment of $600,000 from the Sharks in exchange for 8% equity in their company on their Shark Tank appearance.
The episode aired on April 7, 2019, and they received offers from three Sharks: Kevin O’Leary, Daymond John, and Barbara Corcoran. The founders accepted a $600,000 investment from Kevin O’Leary in exchange for 19% equity, which put the company’s valuation at more than $3.16 million.
After their appearance on Shark Tank, Jamie, and Brian Ratner were invited to appear on the ABC show The View as featured entrepreneurs of the season.
The Shark Tank experience helped the company refine its business model and make valuable connections with the Sharks. CertifiKID received many requests from parents and businesses across the country, and the Canadian government changed a policy on imported educational materials as a result of the show.
The Ratners have worked with O’Leary to explore new markets and growth opportunities since the show. In 2020, CertifiKID announced the acquisition of Macaroni Kid, a digital marketing business.
Summary Table: Certifikid Shark Tank
| INFORMATION | DETAILS |
| Name | CertifiKID |
| Founded by | Jamie Ratner and Tri Tran |
| CEO | Jamie Ratner |
| Establishment Year | 2010 |
| Industry | Family-friendly activities and experiences |
| Competitors | WagJag, LivingSocial, Gluten-Free Living, Groupon, Woot, Dealmoon, and Zulily |
| Shark Tank Appearance | Seeking $600,000 for 8% equity |
| Deal with Sharks | $600,000 investment from Kevin O’Leary for 19% equity |
| Valuation after Shark Tank | Over $3.16 million |
| Revenue (previous fiscal year) | Over $5 million |
| Net Profitability (previous fiscal year) | $700,000 |
| Sales (since establishment) | Over $30 million |
| Acquired Businesses | Macaroni Kid and Hulafrog |
| Current Annual Revenue | $5 million |
| Expansion | Multiple major markets nationwide |
| Recognition | Best website for deals for parents by Washingtonian Magazine, The Washington Post, and CNBC |
CertifiKID Competitors
CertifiKID competes with many companies that offer similar services. They include WagJag, LivingSocial, Gluten-Free Living, Groupon, Woot, Dealmoon and Zulily
CertifiKID Net worth
In the previous fiscal year, the CertifiKID family business generated gross revenue of over $5 million and net profitability of $700,000.
Since its establishment in 2010, the Potomac-based firm has accumulated more than $30 million in sales.
The founders reached an agreement with Shark Tank investor Kevin O’Leary, in which he invested $600,000 in exchange for 19% of the company’s stock, valuing the company at over $3 million according to rough calculations.
Certifikid Shark Tank Updates
CertifiKid is a website that offers discounts for family-friendly activities such as recreational activities, summer camps, entertainment, workshops, birthday parties, and family adventures.
The company was founded by Jamie Ratner in 2010 and is currently managed by herself and her husband Brian Ratner. CertifiKid partners with a wide variety of outdoor companies and amenities that are specifically designed for family adventures and ideal for kids.
The company collects a small referral fee when a customer makes a purchase through their platform, which is the primary way they make their money.
In Shark Tank episode 1018, Jamie and Brian Ratner sought an investment for CertifiKid. They asked for $600,000 for 8% equity and ultimately agreed to a deal with Kevin O’Leary for $600,000 in exchange for 19% equity.
After the show, the company used some of the money to expand to new regions across the United States. However, due to the COVID-19 pandemic, the company was forced to be put on hold until the pandemic was over. As of June 2021, the company is back in business and offering deals.
By July 2022, Brian Ratner said the business was “back to normal”.
In January 2023, CertifiKid acquired Hulafrog for an undisclosed amount. Hulafrog is a website and digital newsletter that gives “parents a comprehensive source for family activities and local businesses”. As of January 2023, CertifiKid’s annual revenue is $5 million.
In April and May of 2019, the company had rolled in $1.2 million in sales as opposed to their $1 million revenue from all 12 months of 2018.
CertifiKid’s success can be attributed to two major reasons: most of the deals are opted for by local moms who seem to have a superpower for detecting discounts, and the platform has heavily relied on reliability and trust since most families return for more by reading reviews and suggestions of past customers.
CertifiKID Shark Tank FAQS
What Is Certifikid Shark Tank?
CertifiKID is a website that offers discounts on family-friendly activities and experiences. It was founded by Jamie Ratner, who started a family blog that compiled discounted deals on activities for children and families.
CertifiKID has grown into a $5M+ per year business and has expanded to multiple major markets nationwide, including New York City, Chicago, Los Angeles, and Atlant. The website is recognized by Washingtonian Magazine, The Washington Post, and CNBC as the best website for deals for parents.
CertifiKID appeared on Shark Tank and made a deal with Kevin O’Leary. After the Shark Tank appearance, CertifiKID received requests from parents and local businesses all over the country asking them to bring CertifiKID to their cities.
Thanks to their strategic partnership with Kevin O’Leary, CertifiKID was able to rapidly scale its operations to offer affordable kids activities and family experiences nationwide beginning in 2020. CertifiKID is unique in that its website is totally free to use – it doesn’t charge monthly fees or require a membership to access its deals. When parents visit the website, it automatically recognizes their location and shows them a curated selection of the best deals closest to them.
How Does Certifikid Shark Tank Works?
CertifiKID is a website that offers discounts for family-friendly activities such as outings, recreation, summer camps, classes, theatre, museums, birthday party packages, and family getaways.
It was founded by Jamie Ratner in 2010 with $5,000 after she realized there were no good deal sites for family activities. CertifiKID partners with a variety of outdoor companies and amenities that are specifically designed for family adventures and ideal for kids.
The company’s platform supports several major cities across North America, including Seattle, Los Angeles, Chicago, Washington D.C., and Atlanta.
CertifiKID collects a small referral fee when a customer makes a purchase through their platform, which is the primary way they make money. In 2023, Jamie and her husband Brian Ratner appeared on Shark Tank seeking $600,000 for 8% equity.
Kevin O’Leary offered them $600,000 for 19% equity, which they accepted. Since then, CertifiKID has continued to expand and offer more deals for families across North America.
To create a deal on CertifiKID, businesses can fill out a new business inquiry form on the website. The form asks for basic information about the business, the deal being offered, and the desired discount percentage. A CertifiKID representative will then be in touch to finalize the details.
Overall, CertifiKID is a platform that helps families save money on fun and educational activities while supporting businesses that cater to family-friendly experiences.
What Happened To Certifikid After Shark Tank?
CertifiKID is a website that offers discounts on kids’ activities and family experiences. The company appeared on Shark Tank seeking an investment in episode 1018. The founders, Jamie and Brian Ratner, started the business in 2010 with $5,000.
After their appearance on Shark Tank, they received requests from parents and local businesses all over the country asking them to bring CertifiKID to their cities.
Thanks to their strategic partnership with Kevin O’Leary, they were able to rapidly scale their operations to offer affordable kids’ activities and family experiences nationwide beginning in 2020.
In January 2023, CertifiKID acquired Hulafrog for an undisclosed amount. Hulafrog is a website and digital newsletter that gives parents a comprehensive source for family activities and local businesses. As of January 2023, CertifiKID’s annual revenue is $5 million. The business was “back to normal” by July 2022.
What Is The Current Valuation Of Certifikid Shark Tank?
CertifiKID is a website that provides affordable options for parents seeking family-friendly activities, such as recreational activities, summer camps, entertainment, workshops, birthday parties, and family adventures.
The company was established in 2010 by Jamie Ratners, who serves as the CEO, and Tri Tran. CertifiKID has partnered with a wide variety of outdoor companies and amenities that are specifically designed for family adventures and ideal for kids.
CertifiKID collects a small referral fee when a customer makes a purchase through their platform, and this is the primary way that they make their money.
CertifiKID appeared on Shark Tank in Season 10 and secured a deal with Kevin O’Leary. The founders accepted a $600,000 investment from Kevin O’Leary in exchange for 19% equity, which put the company’s valuation at more than $3.16 million.
CertifiKID was expected to net a $700,000 profit on $5 million in gross revenue sales during the current calendar year. The net worth of the business was more than $5 million when it aired on Shark Tank, and they made $30 million in sales since the start of the venture.
Is Certifikid Shark Tank Still In Business?
Yes, CertifiKID Shark Tank is still in business. The company is doing well and has increased its spectrum and customer base after the deal on Shark Tank.
CertifiKID is a website that provides affordable options for parents seeking family-friendly activities, such as recreational activities, summer camps, entertainment, workshops, birthday parties, and family adventures. The company was established in 2010 by Jamie Ratners, who serves as the CEO.
In January 2023, Certifikid acquired Hulafrog for an undisclosed amount. Hulafrog is a website and digital newsletter that gives “parents a comprehensive source for family activities and local businesses” . As of January 2023, CertifiKID’s annual revenue is $5 million.
In April and May of 2019, the company had rolled in $1.2 million in sales as opposed to their $1 million revenue from all 12 months of 2018. CertifiKID’s success can be attributed to two major reasons.
Firstly, most of the deals are opted for by local moms who seem to have a superpower for detecting discounts. Secondly, the platform has heavily relied on reliability and trust since most families return for more by reading reviews and suggestions of past customers.
In conclusion, CertifiKID Shark Tank is still in business and has been successful in providing affordable options for parents seeking family-friendly activities. The company has increased its spectrum and customer base after the deal on Shark Tank and has acquired Hulafrog in January 2023. CertifiKID’s annual revenue is $5 million as of January 2023.
What is CertifiKID?
CertifiKID is the nation’s premier website for family-friendly fun discounts that provide a free resource for families across the country to find and save on the best kids’ activities and family experiences near them, no matter where they are.
CertifiKID website for 50 percent or more off the retail price on anything from family outings and adventures to kids camps and workshops to theater and museums to amusement parks and family vacations to birthday party packages.
Who owns CertifiKID?
CertifiKID was founded by Jamie Ratner, an entrepreneur who started his first business at the age of 17.
CertifiKID has grown exponentially following the Shark Tank episode in April 2019, bringing an increased demand for its services, which makes it difficult to run the business remotely.
What happened at the Shark Tank?
The founders of CertifiKID were seeking $600,000 for 8 percent equity in exchange for their company’s service to Canadian parents and businesses.
Kevin O’Leary, Daymond John, and Barbara Corcoran were also on the Shark Tank panel.
What happened to CertifiKID after the Shark Tank?
The founders of CertifiKID were seeking a $600,000 investment in exchange for a 19 percent equity stake in the company, valued at more than $3 million based on estimated float from sale of services.
The deal with Kevin O’Leary included a condition that limits the sale of products within Canada.
What’s the difference between CertifiKID and other similar companies?
CertifiKID provides the best value for families because it offers 50 percent or more off the retail price on anything from family outings, adventures, camps, workshops, museums, theater and amusement parks to birthday party packages.
CertifiKID is different in the way it markets its service because there are no roadblocks to making purchases in Canada.
Other companies in this space require suppliers to provide proof that products used by youth will not be sold back in Canada.
What do you think of the Shark Tank?
Ratners were “overwhelmed” by the number of requests they received after learning about the Sharks’ interest in their business, which also included a request for two vests.
Although John and O’Leary were enthusiastic about buying in, Corcoran said she didn’t think it was worth for $600K, where they would get 20 percent of one equity stake.
Daymond appreciated how Jamie Ratner spoke up when Barbara Corcoran said her offer had more upside.
Is the company owned by a public company?
No, CertifiKID is privately owned by its founders.
What is the revenue of the company?
In 2018 it has been reported that CertifiKID earns annual revenue of $5 million.
How many customers does the company have?
Since its inception in 2010, CertifiKID has served nearly 1 million customers.
How does CertifiKID make money?
CertifiKID makes money by selling its annual membership to families that want to receive their emailed newsletter and discounts offers.
What is the business model of CertifiKID?
CertifiKID’s business model is just like other subscription websites, which means it earns the commission on every purchase made by anyone who signed up for its free service.
How old is the business?
CertifiKID was founded in 2010 by Jamie Ratner and Brian Ratner. The two grew up together and met while Brian was working as a residential homebuilder.
They started the business out of their living room, and eventually moved to a warehouse next door.
Where is the company based?
The company is located in Potomac, Maryland. There are a total of seven employees including Brian and Jamie.
Who owns the business?
CertifiKID is owned by Jamie Ratner and his partner Brian Ratner.
What does that business do?
CertifiKID offers verified parent-friendly discounts that will help families save as much as 50% on family-friendly activities with their children on a budget.
Who are the competitors of CertifiKID?
CertifiKID competes with many companies who offer similar services like WagJag, LivingSocial, Gluten-Free Living, Groupon, Woot, Dealmoon and Zulily.
What is the revenue model of CertifiKID?
CertifiKID’s revenue model is just like other subscription websites, which means it earns commission on every purchase made by anyone who signed up for its free service.
How does the business make money?
CertifiKID earns money by selling its annual membership to families that want to receive their emailed newsletter and discounts offers.
The company also earned $5 million in gross revenue and $700,000 in net profitability last year.
What is the name of the person who founded CertifiKID?
CertifiKID was founded by Jamie Ratner and Brian Ratner. Jamie and Brian grew up together and met while Brian was working as a residential homebuilder.
They started the business out of their living room, and eventually moved to a warehouse next door.
What is the website of CertifiKID?
CertifiKID’s website is www.certifikid.com.
What are other languages spoken by CertifiKID?
CertifiKID has a team of staff that speak five different languages: English, Spanish, French, German and Italian.
What was the vision for CertifiKID?
Their vision is simple; they want to help families keep the quality time they spend with their kids, which in turn increases their happiness.
Are they profitable?
Yes, the business has been successful and is continuing to grow. We are profitable and growing each year.
What was the deal?
The deal was for $600,000 for 19% equity in the business. We requested that they give us a valuation of the business and they gave us a valuation of $3 million.
What was their reaction to the deal?
The reaction was extremely positive. They were excited that the deal was only for 20% of the business, which allowed them to grow their business to be even bigger.
How did they do after the Shark Tank?
They continued growing. I have had great conversations with them since being on the show and have met with their team often.
What is the new technology?
CertifiKID is taking advantage of the latest technology to grow their business.
What is Jamie Ratner?
Jamie Ratner, CertifiKID Founder & CEO Jamie founded, after years of writing a popular Washington, DC-area blog geared to moms looking for affordable things to do with their kids.
What is Macaroni Kid?
Macaroni Kid complements CertifiKID family bargain offers by giving parents with insider information on the finest things to do and places to visit with their children.
What are the benefits of using a newsletter?
The newsletter allows them to stay in contact with current members and to offer additional discounts.
What type of discount do they give?
They offer discounts on services like parking, classes, birthday parties and family adventures.
How many kids are on the site every month?
They have over 3 million members. This number is growing daily.
Did CertifiKID get a deal on Shark Tank?
Yes, they got a deal on Shark Tank!
How does CertifiKID make money?
They generate revenue through customer acquisition and up-front fees for their birthday party packages.
What product or service do they provide?
They provide invites and activities for kids’ birthdays, with the added feature of an on-site babysitter for parents who want to enjoy some time away from the kids.
How long have they been in business?
CertifiKID has been in business since 2010.
What is the name of their product or service?
The name of their product or service is Birthday Party Services. They also offer other products and services that include park & play, restaurant dining, pizza parties, babysitting, camping, swimming lessons for children.
What happened after Shark Tank?
The business continued to grow and is now one of the largest providers of birthday party experiences. They offer discounts on services like parking, classes, birthday parties and family adventures.
What’s next for CertifiKID?
CertifiKID is taking advantage of the latest technology to grow their business and continue their success story. They have an extensive database of certified teachers throughout the U.S
What is the net worth of Brian Preston?
Brian Preston’s Net Worth is $5 million.
How many members does CertifiKID have?
Over 3 million members, they are one of the largest and fastest growing companies in America offering birthday party packages. Their business has been successful and is continuing to grow.
