Slumberkins Shark Tank Net Worth 2023
Slumberkins appeared on Shark Tank in the past. In their appearance, they asked for $175,000 for a 5% stake in their company, valuing it at $3.5 million. They have raised $2.8 million in venture capital as of 2019.
What Slumberkins? Who Founded Slumberkins?
Slumberkins is a company that creates lovable plush animals and blankets that help children develop social-emotional skills like awareness, transitions, relaxation, and self-esteem when combined with a Sleepytime Rhyme book or an Affirmation Card.
Each plush toy has therapeutic abilities and practices that can help children sleep better while also teaching them essential skills.
The company was founded by Kelly Oriard and Callie Christensen, who were high school friends and education moms turned entrepreneurs. They currently serve as co-CEOs of Slumberkins.
Callie Christensen was a Special Education teacher at Evergreen Public School and later joined the Camas School District, while Kelly Oriard was a prevention specialist at Trillium Family Services before becoming a school counselor at Portland Public Schools.
Together, they founded Slumberkins to address the problem of children starting school with little or no emotional well-being. They learned to sew and began creating products that addressed emotional difficulties such as bedtime relaxation and bullying.
Their business grew exponentially when they started selling these items on Instagram.
Kelly and Callie believe that the relationship between a child and their parent or caregiver, as well as sensory stimulation, play a significant role in shaping a child’s development.
Their mission is to help children develop a sense of self-worth and confidence through interactions with their caregivers. They hope to use their education and counseling backgrounds to integrate children’s products into daily family life, encouraging longer conversations between children, caretakers, and parents.
Slumberkins Shark Tank Pitch
A Slumberkin is made of soft minky fabric, hypoallergenic polyester fibrefill, and polyester embroidery thread. It is designed without any small parts that could pose a choking hazard for newborns.
Kelly and Callie are seeking a Shark to help expand their brand and gain access to mass retail channels. They entered the Tank with a pitch for $175,000 for a 5% stake in their company, valuing it at $3.5 million. They shared their story and provided samples of their product. T
The cost to manufacture each device is $15, and they sell for between $44 and $52, which includes a book. They mainly market their products through Instagram and made $200,000 in sales in 2016.
They hope to increase their sales to $500,001 in 2017 and require funding to meet the current demand for their products.
They have found a new producer who can lower their costs to $6 per unit. However, the plush toy market is highly competitive, and the Sharks have mixed opinions about investing in the company.
Despite not receiving funding from the Sharks, Slumberkins’ annual sales increased during their appearance on the show.
They later partnered with the Jim Henson Company to create a live-action Slumberkin series, which premiered on Netflix in 2021.
In 2019, they raised $2.8 million in venture funding, and in 2020, they were ranked 270 on the Inc. 5000 list, having grown by 1657% over the previous three years.
They also established the Slumberkins School in response to the Covid-19 pandemic, which offers video stories from their books, games, and coloring pages for virtual learning. As of June 2021, the company is operational and generates annual revenue of $3 million.
Slumberkins Net Worth
Kelly and Callie enter the Tank seeking $175,000 for a 5% stake in their firm, valuing it at $3.5 million.
Top Competitors of Slumberkins includes; Eduware, The ShareSpace Foundation, TeamPrevent UK, Kimochis, AgScape, Tu Nidito and DGrade DWC.
Slumberkins Competitors FAQS
What is the deal with Slumberkins?
Kelly Oriard and Callie Christensen, high school friends and educational mothers turned entrepreneurs, pitched Slumberkins, their cuddly baby toys that “encourage healthy attachments,” on Shark Tank episode 11, but did not receive an investment from the Sharks.
Who is the owner of Slumberkins?
Cofounders Kelly Oriard and Callie Christensen are the owners.
Where are Slumberkins made?
Their plush items are manufactured in facilities that are ICTI approved in Vietnam and China.
Are Slumberkins manufactured in the United States of America?
Very good condition Slumberkins Sloth is proudly made in the United States of America. The new ones are made in China, but this one is older.
How long does Slumberkins take to ship?
Orders are normally processed and shipped within one to seven business days following purchase. Please wait about 3-7 business days for domestic delivery once they get a shipment notification.
Expedited Orders are mailed by USPS Priority and typically arrive within 1-3 business days.
What is Slumberkins Camp?
Camp Slumberkins offers four weeks of immersive learning.
With a new hardback book, over 20 skill-building exercises, a canvas map with completion badges, and a gift to recognize their camper’s mastery of the four primary topics.
How is a Slumberkin washed?
All Slumberkins should be thoroughly cleaned before being given to their child.
Launder in a machine with cold water and lay flat to dry.
As needed, wash. Do not use fabric softner or dryer sheet or dry on high heat, as they can harm the fabric and create excessive matting.
What are the recommended ages for Slumberkins?
Their Caring Crew Creatures are ideal for children aged 0+. These animals assist youngsters in developing an understanding of how to care for themselves and others.
What is the shipping cost for Slumberkins?
At the moment, they provide free delivery on all domestic purchases over $75, including those to Alaska, Hawaii, and the US territories.
Free Shipping is not applicable to digital downloads or gift card purchases; their values do not count toward the $75 cart total.
Can they buy Slumberkins gift cards?
Yes! They are available for purchase at Slumberkins.com only, through PayPal. Please choose to pay with either a credit card or PayPal.
How does it makes money?
Slumberkins makes money from the sale of its products.
What is their Return Policy?
Returns are allowed within seven calendar days following the item’s delivery.
To begin the return procedure, please contact their customer service staff at [email protected]
Requests started more than seven calendar days after delivery will be denied.
What material are Slumberkins composed of?
Their Slumberkins are crafted from the most luxurious silky fabric. Slumberkins are filled with hypoallergenic Fiberfil and are made entirely of polyester.
Do they accept custom Slumberkins orders?
At the moment, they are unable to accept custom orders for certain species or fabric colours that are not listed.
Is Slumberkins a safe product for infants?
They are firm believers in encouraging safe sleep and adhering to the guidelines for providing a safe sleeping environment.
As such, it’s critical to remember that if their kid is less than a year old, they should avoid placing any object in the crib that might pose a SIDS risk.
What is the Net worth of Kelly Oriard?
What is the Net worth of Callie Christensen?