FunBites Shark Tank Net Worth 2023
FunBites is a company that creates food cutters for kids to make food more enticing and fun. The founder of FunBites, Bobbie Rhodes, appeared on Shark Tank in February 2015 seeking a $75,000 investment for 20% equity in her company, which is valuation to be $375,000.
Lori Greiner made an offer of $75,000 for 25% equity in the company, which Rhodes accepted. In the weeks following her appearance on Shark Tank, Rhodes sold $150,000 worth of products and appeared on QVC multiple times to market her products further.
As of 2022, FunBites’ net worth is estimated to be $1.4 million USD. The product costs $1.70 to make and sells wholesale for $6. It can be purchased on Amazon for $13 per FunBite or $30 for a three-pack.
Before appearing on Shark Tank, Rhodes was already successful with sales of $400,000 over a period of three years by sharing about FunBites at trade shows and selling to a few stores.
What Is FunBites?
FunBites is a specialized cutting tool with a curved blade that is designed to cut children’s food into small bite-sized pieces. It comes in a variety of bright colors and shapes, such as hearts.
This product is available in many small, locally-owned stores across more than twenty states and ten foreign countries. It can also be purchased on Amazon, where a single FunBites tool costs thirteen dollars and a three-pack costs thirty dollars.
FunBites is made entirely of BPA-free plastic and is manufactured in the United States. The company was founded by Rhoads in the middle of 2011.
Who Is The Founder Of FunBites?
In 2011, FunBites was established by Bobbie Rhoads, who drew inspiration from her children Jackie and Dylan. At that time, they were a little older, as captured in a photograph.
Jackie had a natural inclination towards eating well and would consume almost any food as long as it was nicely arranged. On the other hand, Dylan, her young son, was quite picky and disliked trying new foods, except for junk food.
As a result, a significant amount of time was spent chopping their food into small pieces during meals. Bobbie thought it would be easier if they could simply press down on their meal and have it cut into bite-sized pieces, enabling her children to try new, healthier foods and make mealtime less stressful and more enjoyable.
To solve this problem, Bobbie invented a device that allowed her children to cut their food into fun shapes on their own. The product gained recognition at both local and national exhibitions and trade shows.
Bobbie played a crucial role in getting Fun Bites into Buy Buy Baby and Amazon, and the company has already earned a profit of $400,000.
What Happened To FunBites At Shark Tank Pitch?
Bobbie Rhoads, a “momtrepreneur,” founded FunBites to address a common issue among parents: getting their kids to eat healthier food. She discovered that her child would be more likely to eat nutritious food if it was presented in a fun and bite-sized way. This led her to invent FunBites, a product designed to address this problem.
In a Shark Tank episode, Bobbie presented FunBites to the Sharks with the hope of securing an investment to help her expand into larger retailers. She was seeking $75,000 in exchange for a 20% stake in her company, which was valued at $375,000.
Bobbie explained that studies have shown that children are more likely to eat food that is presented in interesting shapes. She even gave the Sharks samples to try, which impressed Mr. Wonderful and Lori.
Despite having generated $400,000 in sales over the last three years and having been picked up by Target, Bobbie faced challenges with packaging and poor sales at Kohl’s and Bed Bath & Beyond. However, she had recently redesigned her packaging and was planning to return to Kohl’s with her product.
Bobbie also shared that her product was a hit at a recent Marvel and Disney trade convention and that children on the autism spectrum loved FunBites.
Kevin and Robert were not interested in investing, but Daymond offered $100,000 in exchange for a 30% stake in the company. However, Lori countered with a $75,000 investment for a 25% stake and promised to use her connections to spread the word.
Daymond then matched Lori’s offer but with a lower equity share of 25%. Bobbie ultimately chose Lori’s offer, despite Mark’s offer being on the table.
In conclusion, Bobbie successfully secured an investment from Lori to help her grow her business and bring her product to a wider audience.
What Happened To FunBites After Shark Tank?
After the first air date, Bobbie managed to sell merchandise worth $150,000 in just one week. Lori Greiner’s agreement was finalized and she made multiple appearances on QVC while also creating television advertisements.
An initial advertisement was released as well. Currently, as of January 2023, the company continues to operate and earns an annual revenue of $2 million.
Competitors of FunBites
The FunBites has many competitors in the market space. These are; Abakus Foods, Gothic Lolita Wigs, Fidobiotics, Cuddledry, Constructive Eating, Chewbeads, Rufus & Coco Australia and Stacked Restaurants.
Net Worth of FunBites
The company valuation was $375,000 during the pitch, after the pitch the company worth $200,000. Since then the company is still operating and hence the company net worth might be higher than that of pitch.
Summary Table: Funbites Shark Tank
| FACTS | FIGURES |
| Founder | Bobbie Rhodes |
| Year Founded | 2011 |
| Shark Tank Pitch | $75,000 for 25% equity |
| Valuation | $375,000 pre-money |
| Offer from Lori | $75,000 for 25% equity |
| Sales pre-Shark Tank | $400,000 over 3 years |
| Sales post-Shark Tank | $150,000 in one week |
| FunBites’ net worth (2022) | $1.4 million USD |
| Product cost | $1.70 |
| Wholesale price | $6.00 |
| Retail price | $13 per FunBite or $30 for a three-pack |
| Competitors | Abakus Foods, Gothic Lolita Wigs, Fidobiotics, Cuddledry, Constructive Eating, Chewbeads, Rufus & Coco Australia, and Stacked Restaurants. |
Note: The table provides information about FunBites, including the founder, year founded, Shark Tank pitch, valuation, offer from Lori, pre-Shark Tank sales, post-Shark Tank sales, FunBites’ net worth (2022), product cost, wholesale price, retail price, and competitors.
Funbites Shark Tank Updates
FunBites is a food cutting tool that makes food fun looking and helps kids eat healthy foods they may have otherwise turned down. Created in 2011 by Bobbie Rhoads, FunBites are plastic food cutters shaped into fun patterns.
With a rocking motion, FunBites cuts food into bite-sized shapes parents can use to decorate the plate and make the meal more appealing to picky eaters. FunBites comes in a variety of patterns and colors and is marketed to children as much as parents.
FunBites appeared on Shark Tank Season 6 and made a deal with Lori Greiner. In the weeks following her Shark Tank appearance, Rhoades sold $150,000 worth of products. FunBites cost $1.70 to make and sell wholesale for $6. FunBites is estimated to be worth $1.4 million in 2022.
FunBites is still successful and is available on Amazon as well as the FunBites website. The product can be found in dozens of mom and pop stores in over 20 states and 10 different countries. FunBites has won 30 Design & Innovation awards and has received rave reviews . It is dishwasher safe and BPA free.
FunBites FAQs
What Is Funbites?
FunBites is a food cutter that cuts food into bite-sized pieces in fun shapes. It was created by “momtrepreneur” Bobbie Rhoads to solve the problem of having a picky eater.
Rhoads found that her daughter would eat healthier food if it was “fun” and bite-sized, so she created FunBites to solve this problem. FunBites comes in a variety of bright colors and geometric patterns, including hearts, squares, and triangles.
It has won 30 design and innovation awards and has received rave reviews. FunBites is dishwasher safe and made from BPA-free plastic.
FunBites has been featured on Shark Tank and made a deal with Lori Greiner for $75,000 for 25% equity. It is available for purchase on Amazon and in dozens of mom and pop stores in over 20 states and 10 different countries.
A single cutter costs $9.99, and a three-pack costs $23.99. FunBites is estimated to be worth $1.4 million in 2022.
How Does Funbites Works?
FunBites is a food cutter that cuts food into bite-sized shapes, making healthy food fun and appealing to picky eaters. The product is a two-piece set that includes a curved cutter and a matching popper top.
To use FunBites, the cutter is placed on top of the food, and the popper top is removed and put to the side. The cutter handles are then held firmly, and the cutter is rocked back and forth 5 to 6 times to cut all the way through the food.
The popper top is then inserted, and the cutter is lifted up from the food. The popper top is pushed down to pop out the bite-sized pieces.
FunBites was created by “momtrepreneur” Bobbie Rhoads to solve the problem of having a picky eater. Rhoads found that her daughter would eat healthier food if it was “fun” and bite-sized, so she created FunBites to quickly cut food up into small pieces.
FunBites comes in a variety of bright colors and different geometric patterns, including hearts. The product can be found in dozens of mom and pop stores in over 20 states and 10 different countries, as well as on Amazon.
Each FunBites set costs $13, or $30 for a three-pack. FunBites is made from BPA-free plastic and is 100% made in the USA.
What Happened To Funbites After Shark Tank?
FunBites is a company that creates food cutters for kids to make food more enticing and fun. The founder of FunBites, Bobbie Rhodes, appeared on Shark Tank in February 2015 seeking a $75,000 investment for 20% equity in her company, which was valued at $375,000.
Rhodes was already successful with sales of $400,000 over a period of three years by sharing about FunBites at trade shows and selling to a few stores before appearing on Shark Tank.
Rhoades sold $150,000 worth of products in the weeks following her Shark Tank appearance. She appeared on QVC and created a commercial to market her products further. FunBites cost $1.70 to make and sell wholesale for $6. FunBites is estimated to be worth $1.4 million in 2022.
FunBites is still successful and can be purchased on Amazon and the FunBites website.
After appearing on Shark Tank, Rhodes worked with her Shark Tank mentor to expand her reach worldwide and to many. Rhodes brought her FunBites food cutting tool into the tank and invited Kevin O’Leary and Lori Greiner to try it out.
She shared that studies showed picky kids were more willing to eat food they didn’t like if they were cut into fun shapes. Her cutting tool came in three designs: squares, hearts, and.
What Is The Current Valuation Of Funbites?
FunBites’ founder Bobble Rhodes has a net worth of 1.4 Million USD as of 2022. However, there is no information on the current valuation of FunBites.It only mentions that FunBites was featured on Shark Tank, but does not provide any information on its current valuation.
Is Funbites Still In Business?
Yes, FunBites is still in business with an annual revenue of $2 million as of January 2023. The company was founded by Bobbie Rhoads in 2011 to solve the problem of her picky eater daughter.
FunBites is a food cutting tool that makes food fun looking and helps kids eat healthy foods they may have otherwise turned down. The product is made entirely of BPA-free plastic and is manufactured in the United States.
FunBites has many competitors in the market space, including Abakus Foods, Gothic Lolita Wigs, Fidobiotics, Cuddledry, Constructive Eating, Chewbeads, Rufus & Coco Australia, and Stacked Restaurants.
FunBites appeared on Shark Tank in 2014 and made a deal with Lori Greiner for $75,000 in exchange for 25% equity. In the weeks following the show, Rhoades sold $150,000 worth of products and created a commercial to market her products further.
FunBites was estimated to generate more than $1 million in 2021. The company was also featured on QVC, and sales continue to reach impressive levels. FunBites has won 30 Design & Innovation awards and has received rave reviews.
The product is dishwasher safe and is perfect for picky eaters, making healthy food fun and creating bite-sized fun shapes.
What is FunBites?
The name FunBites is a mouthful, so it’s easy to say but hard to explain. The idea behind the product is that children can have fun with their food in a fundamental way by chopping it into any shape and form.
As kids progress through the years, their food preference changes, so too does their eating habits.
Who is the founder?
Bobbie Rhoads started FunBites in 2011. Her three children are Jackie (age 10), Dylan (age five) and Nicky (age 13 in this video).
How much was Bobbie seeking on Shark Tank?
Bobbie was seeking for $75,000 for 20% equity of the company.
How did she do?
In the end, she secured a deal with Lori. Lori offered $75,000 for 25% equity of the company.
Is FunBites still in business?
Yes, FunBites is still operating with annual revenue of $2 million.
Where is FunBites located?
FunBites is located in California, US.
How can I contact the FunBites?
Customers can visit their website at www.funbites.com or contact them on email at email@funbites.com for any inquiries about their company and products.
How much money has been made from FunBites?
The company had made around $400,000 in the last 3 years.
What is FunBites website?
The FunBites website is www.funbites.com.
Who can use FunBites?
Parents, children, kids and anyone that wants to have fun with their food can use the FunBites product.
What are the company products?
The company’s product is Shapes Cups and Squares Boxes which contains edible shapes that kids can make with their hands. It comes in 12 pieces and each piece costs $6.99 while the total price of one box is $12.
Does FunBites work?
The product works and is safe for children to use. Each unit comes with a set of two fun shaped cutters.
The cutters are inserted into the product and the food is compressed into any shape that they desire. They can then eat their food in any form they choose.
Where can you buy FunBites?
Customers can currently buy FunBites online on Amazon or at Buy Buy Baby.
How much do FunBites cost?
FunBites are $12.99 and they are manufactured in Pennsylvania.
Who is the CEO?
The CEO of FunBites is Bobbie Rhoads.
How much does Bobbie Rhoads worth?
Bobbie Rhoads net worth around in unknown.
