Space Traveler Shark Tank Net Worth 2023
The net worth of Space Traveler is unknown as of March 2023. The company was valued at $300,000 when it appeared on Shark Tank in January 2020, and had a net worth of $500,000 as of February 2022.
Space Traveler is still in business as of March 2023, but there is no information available about the company’s revenue
What is Space Traveler? Who is the founder of Space Traveler?
The Space Traveler is a travel tool for kids that can be folded up and stowed away easily. It visually and physically separates them during travel, and features mesh window panels that can provide either visibility or privacy depending on the situation.
The tool has multiple storage pockets for all the essentials, including food, beverages, and electronic gadgets.
It is compatible with most car seats and booster seats, and can also be used independently with a seatbelt. The bag measures 19″ x 19″ x 32″ when in use, and the storage bag measures 13″ x 13″ x 3″. It can be used individually or in pairs (in multiple rows).
Krissy Pruske and Rachel Lincoln, both mothers and entrepreneurs from San Antonio, Texas, are the creators of the Space Traveler. This product is similar to a small tent, providing a separate space for kids during car rides.
It comes equipped with food and device pockets and can be used with any standard or kid car seat. It can be compressed and stored in a tote bag for easy transportation.
Krissy and Rachel developed the initial prototypes for the Space Traveler in 2018, after Krissy used collapsible laundry hampers and foldable dog cages to separate her children during a cross-country trip. Their previous product, Sleepyheadz, was released in 2013 and was a nap mat and cushion.
The Space Traveler is currently available for pre-order on their website, with a “Shark Tank Special” discount of $29.95 (regularly priced at $39.95).
Space Traveler Shark Tank Pitch
Krissy Pruske and Rachel Lincoln, lifelong friends, relocated to San Antonio, Texas and became entrepreneurs by founding Space Traveler.
They recently appeared on Shark Tank episode 1115, seeking a Shark to help them expand their business. In exchange for a 33.3% stake in their company, which was valued at $300,300, they were looking for $100,000.
During their pitch, Krissy and Rachel revealed that their company was still in the prototype stage, which did not impress the Sharks except for Barbara.
Barbara expressed interest and compared them to The Comfy, a company that was also in the development phase during its appearance on Shark Tank but now generates over $150 million in revenue.
Barbara made an offer of $100,000 for a 33.3% stake in the company and a $2 royalty per unit until she recoups her investment. Krissy and Rachel accepted Barbara’s offer and secured a deal.
However, Barbara’s deal was never completed, as the company sold out of its initial inventory in December 2020. As of July 2021, their website still shows the products as “sold out.” The company is still operating as of February 2022, but its revenue has not been disclosed.
Net Worth of Space Traveler
The company valuation was $300,300 during and after the pitch. Since then the company has a net worth of $500,000.
Space Traveler FAQs
What is Space Traveler?
Space Traveler is a compact travel tool for kids used to divide them from their parents or other passengers. It’s a foldable and portable device that provides either sight or seclusion depending on the situation. The product is designed to be utilized in pairs (several rows) or by a single traveller.
Who is the founder?
Krissy Pruske and Rachel Lincoln are the two founders (and mothers!) behind Space Traveler. They became entrepreneurs after relocating to San Antonio, Texas.
How much were they seeking on Shark Tank?
They were seeking for $100,000 for a 33.3% stake in their firm, which was worth $300,300.
Did they have the deal?
Yes, Barbara offered them $100,000 for 33.3% equity shares and a $2 royalty per each unit until she receives her money back.
What is the current status of Space Traveler?
The company selling out of their original inventory in December 2020. They are still listed as “sold out.”
Where can I get Space Traveler?
Customers can purchase Space Traveler at their official website of www.spaceravelerkids.com but remember the limited supply available.
Where is Space Traveler located?
Space Traveler is located in San Antonio, Texas.
What are the benefits of Space Traveler?
The benefits of Space Traveler include easier travel, less fighting and less concern over car sickness. Combining this with a booster seat is better than any other car seat divider on the market.
How much is Space Traveler?
Space Traveler retails for $39.95, but they’re doing a “Shark Tank Special” for $29.95 as of July 2021.
How does Space Traveler work?
Space Traveler is a compact travel tool for kids used to divide them from their parents or other passengers. It’s a foldable and portable device that provides either sight or seclusion depending on the situation. The product is designed to be utilized in pairs (several rows) or by a single traveler.
What is Space Traveler target age?
Space Traveler is marketed to fit any kids including infants and toddlers.
What is Space Traveler’s warranty?
The company does not have a formal warranty for this product. It should work long enough for those kids to grow up, move out of the house and start their own families.
What is Space Traveler return policy?
Space Traveler is final sale. Once the order is placed, there are no returns or exchanges.
What is Space Traveler’s shipping policy?
Space Traveler ships directly from the manufacturer. The delivery time will typically take approximately six weeks for production and then a further four weeks for shipping.
How to I track Space Traveler order?
Shipments are shipped from the nearest US postal location, so tracking a package is not possible unless customer buy from another country.
What is the measurement of Space Traveler bags?
Space Traveler is measured as a 9 x 5 inches.
How do I put Space Traveler bags on a booster seat?
The booster seat measurements are 19 x 19 x 32 inches, so after removing them from their packaging you will be able to snap the straps and snap them into place on the booster seat. The booster seat itself will also be able to snap into place on the Space Traveler bag.
How much does Space Traveler weigh?
Space Traveler weighs 5 pounds in its packaging, but that amount of weight will decrease once it’s removed from the box and folded into its intended design.
What is the net worth of Krissy Pruske?
The net worth of Krissy Pruske is not available.
What is the net worth of Rachel Lincoln?
The net worth of Rachel Lincoln is not available.
