NeatCheeks Shark Tank Net Worth 2023
Danielle and Julia appeared on Shark Tank seeking $150,000 in exchange for a 20% stake in their firm, indicating a valuation of $750,000.
After some intense negotiation, they accepted an offer from Barbara of $150,000 investment for 25% stake which brought the valuation down to the more palatable figure of $600,000.
Since then, the company has grown and its current net worth is unknown.
What Is NeatCheeks? Who Are The NeatCheeks Founders?
NeatCheeks are wipes that have a flavor and are meant for wiping the faces of children. They are sweetened naturally with Stevia extract and are specifically formulated to be gentle on children’s small and delicate faces. By using natural, non-GMO ingredients, these wipes help to promote happiness and wellness in your child.
In the past, cleaning your child’s face could be a frustrating and unpleasant experience for both the parent and child. Fortunately, NeatCheeks flavored face wipes have been created to change that. These wipes are designed to make cleaning up after meals a fuss-free and enjoyable experience for everyone involved.
So, why not ditch those unpleasant and sticky wipes and try out NeatCheeks at your next mealtime? Your child will love the fun flavors, and you’ll love how easy it is to clean their face.
In 2011, Danielle Stangler and Julia Rossi, who both reside in Englewood, Colorado, founded NeatCheeks. Danielle’s idea was inspired when she asked her husband to use a juice-soaked handkerchief to clean their daughter’s face, realizing that children are more likely to comply if something sweet is presented to them.
She shared this amazing discovery with her good friend Julia and together, they embarked on a journey to create a groundbreaking business.
Julia and Danielle worked tirelessly to develop the components for NeatCheeks, striving to make it a success. They needed a product that was sweeter and less chemically fragrant than conventional wipes, and after extensive research, they found a solution in Stevia, a natural sweetener that is gentle on the skin.
After establishing the NeatCheeks brand, Julia and Danielle sold their product through Amazon and a few independent baby businesses. However, they wanted to expand their business further to provide more mothers with a safer and more environmentally friendly option for their children.
NeatCheeks are available on Amazon, at dozens of mom-and-pop baby businesses across the country, and at Walgreens locations in Colorado, priced at $4.99 for a 12-pack. They are manufactured in a solar-powered factory in the United States, making NeatCheeks an environmentally conscious company.
What Happen To NeatCheeks At The Shark Tank Pitch?
On April 17, 2015, Danielle and Julia appeared on the 25th episode of season 6 of Shark Tank. They were seeking $150,000 for a 20% stake in their company, which was valued at $750,000.
During their pitch, they demonstrated their product, NeatCheeks, and gave out samples. The sharks found it amusing to see children enjoying the taste of the wipes. Danielle and Julia also mentioned that they had a successful 90-day trial at Walgreens.
NeatCheeks cost $0.72 each and were offered for $3.99. When Lori Greiner asked about the price of a standard wipe, which is usually around $1.99, Danielle and Julia explained that they aimed to keep their product’s pricing at $0.53.
In 2015, NeatCheeks generated approximately $4,000 in sales. Kevin was concerned that competitors would copy the product since the patent was still pending, and he decided to opt out. Mark Cuban also withdrew because he felt that it would take too long for the company to become fully operational.
However, Herjavec showed genuine interest and asked what Danielle and Julia would do with the $150,000 if they were to receive it. They explained that they planned to pay themselves $50,000 each, which Robert did not approve of, and he withdrew from the deal.
Barbara believed that women should work while running their businesses and offered $150,000 for a 25% stake in the company if they agreed to develop a cherry-flavored baby wipe. Lori then offered $150,000 for 30% of the patent’s value if it was issued.
Ultimately, Barbara reduced her offer to $150,000 for a 25% stake in the company and canceled the patent’s contingency. After a quick deliberation, Danielle and Julia decided to accept Barbara’s offer, despite her claim that her group of entrepreneurs was like a happy family.
NeatCheeks After The Shark Tank Pitch
Barbara’s agreement with the corporation did not come to fruition, and as a result, the company is no longer displayed on her website.
The women successfully secured spots for their product on the shelves of various retailers, including Buy Buy Baby, Babies ‘R’ Us, and Walgreens. Julia resigned from the company in June 2017.
Neat Cheeks was chosen as a member of the September 2019 Seed Cohort for the New Chip Accelerator program. As of August 2021, the company’s annual revenue is $1 million, and their products are available for purchase on Amazon.
NeatCheeks Net Worth
Danielle and Julia appeared on Shark Tank seeking $150,000 in exchange for a 20% stake in their firm. This indicates a $750,000 valuation.
They accepted an offer from Barbara of $150,000 investment for 25% stake which brings valuation to be $600,000.
NeatCheeks Competitors
NeatCheeks is in direct competition with other well-known diaper brands, like Hello Bello, GroVia, Eco Pea Co and Charlie Banana.
NeatCheeks FAQS
What is NeatCheeks?
NeatCheeks are sanitation wipes with a patented formula. The wipes are made with pure vegetable juice and have natural, non-GMO ingredients.
Who are the founders of NeatCheeks?
Danielle Stangler and Julia Rossi of Englewood, Colorado.
How much were they seeking in the Shark Tank?
They were seeking $150,000 in exchange for 20% stake in their Company.
Did they get a deal from the Shark Tank?
Yes. They got an offer from Barbara Corcoran who offered them $150,000 for a 25% stake in the company.
Is NeatCheeks still in business?
Yes. They are going strong and selling their products on Amazon Handmade, BuyBuy Baby, Babies R Us and Walgreens.
What is the NeatCheeks website?
They can reach them at www.neatcheeks.com and learn more about their products.
Where can they buy NeatCheeks?
These are available for purchase on Amazon Handmade, BuyBuy Baby, Babies ‘R’ Us, Walgreens, Diapers and their website.
When was NeatCheeks founded?
The company was founded in 2011 by Danielle Stangler & Julia Rossi of Englewood, Colorado.
Where is NeatCheeks headquarters located?
It is based in Englewood, Colorado.
Where is NeatCheeks made?
The wipes are manufactured in the United States of America.
Is NeatCheeks non-GMO free?
Yes. They are non-GMO free.
Is NeatCheeks gluten free?
Yes, NeatCheeks are gluten free.
Is NeatCheeks organic?
No, NeatCheeks are not organic, but they have certified non-GMO products.
Are NeatCheeks biodegradable?
Yes. They are 100% Biodegradable. They are eco-friendly and friendly for the environment.
Are NeatCheeks Vegan?
NeatCheeks are 100% Vegan. They are made from natural, non-GMO ingredients.
What is the NeatCheeks ingredients?
NeatCheeks are made with Stevia, a natural plant extract known for its moisturizing and healing properties.
Are NeatCheeks alcohol-free?
Yes. They have no alcohol.
Are NeatCheeks BPA free?
Yes. They are BPA free.
What payment methods do NeatCheeks accepts?
They accept all major credit cards, bank cards, PayPal and debit cards.
Is NeatCheeks cruelty-free?
NeatCheeks are 100% Vegan as well as cruelty-free.
Where can they find NeatCheeks on social media?
They can contact them at www.neatcheeks.com and Facebook and follow them on Twitter for more updates about their products.
Is the NeatCheeks formula patented?
Yes, they are fully patent through the U.S. Patent & Trademark Office.
Is NeatCheeks hypoallergenic?
Yes. They are highly recommended by dermatologists and paediatricians for their excellent hypoallergenic formula.
Is NeatCheeks Baby Safe?
Yes, NeatCheeks are baby safe because they are made to be gentle on their baby’s skin, but yet efficient and effective for them as well.
What is net worth of Danielle Stangler?
Danielle Stangler’s net worth is currently unavailable.
What is net worth of Julia Rossi?
Julia Rossi’s net worth is currently unavailable.
What happened to NeatCheeks after shark tank?
Following Shark Tank, NeatCheeks announced a new national collaboration with buybuy Baby and Bed, Bath & Beyond retailers.
