Wedfuly Shark Tank Net Worth 2023

It is not possible to accurately answer the question regarding Wedfuly’s net worth in 2023 as the most recent information available is from 2022.

However, according to sources, Wedfuly was valued at around $4 million when it appeared on Shark Tank in 2021 and had secured an investment of $2 million during the show. Therefore, it is likely that their net worth has increased since then.

What is Wedfuly? Who is the founder of Wedfuly?

Wedfuly is a company that is dedicated to creating an inclusive and welcoming wedding experience for people of all races, ethnicities, identities, orientations, classes, and sizes.

Their virtual wedding service offers advanced technology for a multi-angle live stream experience and a team of specialists to assist with the execution of your special day. You will work with Wedfuly’s team remotely to design and produce your wedding live stream.

Caroline Creidenberg, the CEO and founder of Wedfuly, graduated in computer science from the University of Denver and entered the wedding industry from an IT perspective.

In her early days, she could be found riding her pink two-wheeler barefoot along High Drive in Kansas City, but she never daydreamed about weddings or white gowns at the time.

In 2017, Creidenberg founded Wedfuly as a virtual wedding service that helped couples save money by planning weddings online.

However, when the COVID-19 pandemic hit in March 2020 and the wedding business came to a standstill, the company shifted gears. Creidenberg and her team collaborated with Zoom to provide virtual weddings.

On March 28, 2020, Wedfuly, in partnership with Zoom, hosted their first virtual wedding ceremony, which was officiated by the bride’s father who was not physically present.

Since then, the company has conducted “hundreds” of virtual weddings where the bride, groom, or family member sets up multiple smartphone cameras at different angles.

The Wedfuly team can produce the virtual wedding remotely or send a team member to the wedding location for an additional fee.

Wedfuly offers a free introductory consultation, and their fees range from $700 to $2000, plus additional “extras.” In addition to the actual wedding ceremony, each virtual wedding package includes toasts, virtual reception tables, first dances, and group dance parties.

A simulated wedding procession can also be added to the package, which includes two tripods, battery packs, a venue audio device, and a DJ setup.

Aside from virtual weddings, Wedfuly also provides “conventional” wedding planning services. As the wedding industry recovers from the pandemic, some experts predict that there will be a trend towards smaller, more intimate weddings with a virtual component.

Wedfuly Shark Tank Pitch

Caroline Creidenberg appeared on an episode of Shark Tank, seeking a match for her virtual wedding business, Wedfuly.

She hoped that one of the Sharks would be interested in partnering with her. In exchange for a 5% stake in her $4 million company, Caroline asked for $200,000.

She began her presentation by discussing the beauty of weddings and how the Covid-19 outbreak inspired her to create the firm. She claims that despite the lifting of pandemic-related lockdowns, virtual weddings are not a passing trend.

Caroline is a software engineer who used to work at a large financial institution, where she was one of only three women in a department of 60.

She created wedding planning software to create a more female-centric business. She claims that 40% of her clients were not even planning a wedding at all.

In 2020, Wedfuly had sales of $700,000 with a profit of $100,000. Sales to date in 2021 have been $1 million with a profit of $300,000. The average revenue per client is $1500, with a profit margin of 75%.

During the Shark Tank episode, Caroline and her colleagues shared that they had performed 700 weddings since March of 2020, including 30 in a single day.

The Sharks were impressed by this feat. Mr. Wonderful asked if Wedfuly was a data feeder company, and Caroline responded that they gather every wedding guest’s name and email address.

Kevin was interested in the data aspect of the business and offered $200,000 in exchange for a 20% ownership stake. Caroline countered with $200,000 for a 10% equity interest, but Kevin declined. Lori was impressed by Caroline but ultimately decided not to invest.

Mark was skeptical about Caroline’s ability to expand the business and went out.

Robert, on the other hand, liked the concept and offered $200,000 for a 10% ownership stake in the company, which valued the company at $2 million. Caroline accepted, and backstage, Robert became the first Shark to leave the pitch with a deal.

The deal with Robert is still under due diligence, but Caroline and her team are optimistic that it will move forward. The company is still in operation as of January 2022, and its annual revenue has yet to be disclosed.

Caroline believes that having someone like Robert as a mentor will be extremely beneficial for her as an entrepreneur and businesswoman.

Competitors of Wedfuly

The company similar to Wedfuly in the market, including Live Stream Bride, a similar day-of-the-wedding streaming service that allows users to live streams their wedding.

Net Worth of Wedfuly

The company valuation was $4 million during the pitch, after the investment done by Robert Herjavec the company worth $2 million.

Since then the company is still operating as of January 2022 and hence the company net worth might had increased.

Wedfuly Updates

Wedfuly is a virtual wedding service that provides couples with a way to plan, manage, and exchange marriage vows online. The service was launched in 2017 by entrepreneur Caroline Creidenberg.

Wedfuly collaborated with Zoom to provide virtual wedding services, including virtual reception tables, toasts, and group dance parties. Wedfuly also organizes “classic” weddings.

The company did a major pivot in March 2020 due to the global Covid-19 pandemic and partnered with Zoom to offer virtual weddings. Since then, Wedfuly has staged “hundreds” of virtual weddings.

Wedfuly was featured on Shark Tank in season 13 episode 5. Caroline Creidenberg asked the sharks for $200,000 for a 5% equity at a $4 million valuation. Robert Herjavec invested $200,000 for a 10% stake in the company.

Wedfuly is still in business as of 2023, with its headquarters in Denver, Colorado. The company has a new add-on called The Glow Up, which is designed to ensure that Wedfuly weddings are an incredibly meaningful experience.

Wedfuly Shark Tank Table Summary:

TOPIC	INFORMATION
Wedfuly	A virtual wedding service that offers advanced technology for a multi-angle live stream experience
Founder	Caroline Creidenberg
Shark Tank Pitch	Valuation: $4 million; Investment: $200,000 for 10% equity stake by Robert Herjavec
Competitors	Live Stream Bride
Net Worth (2023)	Not available
Net Worth (2022)	Valuation: $4 million; Investment: $2 million
Revenue (2020)	Sales of $700,000 with a profit of $100,000
Revenue (2021)	Sales of $1 million with a profit of $300,000
Revenue per Client	Average revenue per client is $1,500 with a profit margin of 75%
Service Fees	Range from $700 to $2,000, plus additional “extras”
Additional Services	Conventional wedding planning services; simulated wedding procession with equipment and DJ setup
Virtual Component	Wedfuly predicts a trend towards smaller, more intimate weddings with a virtual component

Wedfuly FAQs

What Is Wedfuly?

Wedfuly is a virtual wedding service that helps couples plan weddings online to save money. The company was founded in 2017 by Caroline Creidenberg. Wedfuly offers virtual wedding planning, video services, and virtual reception tables.

The company partnered with Zoom to offer virtual weddings after the wedding industry came to a halt due to the COVID-19 pandemic. Since then, Wedfuly has staged “hundreds” of virtual weddings. The company’s method allows them to livestream weddings all over the world.

Wedfuly’s goal is to create an inclusive wedding experience for people of diverse cultures, races, identities, orientations, classes, sizes, and abilities.

The company has received positive feedback from couples who have used their services, with many saying that Wedfuly made their wedding process seamless, easy, and enjoyable.

Guests who attended the virtual weddings have also raved about the experience, with some saying that it was the best wedding they have ever been to, in-person or virtually.

Wedfuly appeared on Shark Tank in season 13 episode 5, where Caroline Creidenberg asked the Sharks for $200k for a 5% equity at a $4 million valuation. It is unclear if any of the Sharks invested in the company. However, Wedfuly is still in business and has done many weddings in Colorado.

How Does Wedfuly Works?

Wedfuly is a company that provides livestream services for weddings, allowing remote guests to participate in the wedding ceremony and reception. Wedfuly offers two packages: Wedfuly Pro and Full Service.

The Wedfuly Pro package is ideal for couples who want to work with professionals in a cost-conscious way. The package includes a remote production team that will host the Zoom wedding and ship equipment to the couple.

The couple is required to appoint someone to work with Wedfuly as the onsite contact. The Full Service package includes all the equipment needed for an elevated, multi-angle livestream experience and a videographer to come onsite to set up and handle all the equipment.

Wedfuly provides planning resources and a team of experts to help execute the wedding livestream remotely. Prior to the wedding, the couple will meet virtually with the Wedfuly team for a quick planning call and mini rehearsal to get things squared away.

On the wedding day, the Wedfuly team will act as the virtual “control room” and virtual wedding coordinator. A Wedfuly team member will also be available to assist with any additional tech help.

Wedfuly offers additional upgrades, such as The Glow Up, which ensures that the wedding is an incredibly meaningful experience. The upgrade includes setting the emotional vibe, expressing the couple’s personalities, and getting amazing video keepsakes without a videographer.

Wedfuly also offers Wedfuly Touch, which creates the ultimate guest experience with a dedicated Wedfuly coordinator, unlimited planning calls, virtual reception tables, and a customized virtual reception.

Regardless of the package chosen, the couple will pay $200 to save the date and make decisions on any add-ons they would like to include. They will be invoiced for a final payment prior to the wedding. Wedfuly treats the wedding livestream like a professional production, using both onsite support and a team behind the scenes running the show.

What Is The Current Valuation Of Wedfuly?

Wedfuly is a wedding planning software that allows users to book photographers, flowers, videos, and other essentials from their phone. The company appeared on Shark Tank in 2021 and was valued at around $4 million.

During the show, Wedfuly secured an investment of $2 million from Robert Herjavec. As of January 2022, the company is still in operation and sales are soaring. In 2020, Wedfuly had sales of $700,000 with a profit of $100,000.

Sales to date in 2021 have been $1 million with a profit of $300,000. The average revenue per client is $1500, with a profit margin of 75% .

Although there is no information on the current valuation of Wedfuly, it can be assumed that the company’s net worth has increased since its appearance on Shark Tank in 2021. The company’s sales have been increasing, and it has been featured in The New York Times, Vogue, and Brides Magazine.

Wedfuly is still in operation and has a growing customer base. The price of Wedfuly ranges from $700 to $2000, with additional fees for add-ons. The primary payment method for Wedfuly is a credit card or debit card.

Is Wedfuly Still In Business?

Yes, Wedfuly is still in business as of December 2022. The company is still in operation with greater consumers. Wedfuly is a virtual wedding service that provides the facility of virtually attending weddings to friends and family through online zoom Video Calls.

The company helps to plan weddings online to save money and had partnered with Zoom to provide the service. Wedfuly has produced more virtual weddings and wedding livestreams than any other company, with thousands of happy clients.

Wedfuly founder Caroline Creidenberg appeared on Shark Tank Season 13 Episode 5 and asked the sharks for $200k for a 5% equity at a $4 Million Valuation. Two investors made offers, and Creidenberg agreed on camera to one.

The company had gained more customers after the show, and its net worth should have increased. Wedfuly has been featured in The New York Times, Vogue, and Brides Magazine.

What is Wedfuly?

Wedfuly is a company dedicated to making weddings more inviting to individuals of different ethnicities, races, identities, orientations, classes, and sizes.

The virtual wedding service includes all of the equipment needed for an elevated, multi-angle live stream experience, as well as a team of professionals to help you plan your special day.

Who is the founder?

Caroline Creidenberg is the founder and creator of Wedfuly.

How much was asking on Shark Tank?

Caroline was asking for $200,000 for a 5% stake in her company.

What happened on the Shark Tank?

Caroline received a deal done with Robert Herjavec who offered $200,000 for 10% ownership of the company which was worth $2 million.

Is Wedfuly still in business?

As of January 2022 Wedfuly is still in business.

Where is Wedfuly located?

Wedfuly is based in Denver, Colorado.

What is Wedfuly website?

The website of Wedfuly is www.wedfuly.com.

How can I contact Wedfuly?

The primary method for contacting Wedfuly is through the contact form on their website (www.wedfuly.com) or via email at hello@wedfuly.com.

Where do you create a wedding?

Wedfuly only works with physical venues. Customers can have a digital wedding ceremony, but you must be there in person.

What functions and features does Wedfuly offer?

Wedfuly offers all the necessary planning tools to make their wedding day run as smoothly as possible. Creative considerations and helpful tips are offered during the Planning coaching process, as well as pre-wedding support during the reception itself.

Is Wedfuly successful?

Yes, Wedfuly is successful. In 2020 the revenue was $700,000 with profit of $100,000.

Is Wedfuly offering discount?

There is no discount offered by Wedfuly.

Does Wedfuly deliver?

Yes, Wedfuly delivers. The service is booked from the site and ships worldwide.

Does Wedfuly offer coupons?

There are no available offers or coupons for Wedfuly at present.

Is Wedfuly guaranteed?

Yes, Wedfuly is backed with a standard 30-day warranty.

How much does Wedfuly cost?

The price is range from $700 to $2000. Add-ons cost additional fees, which can be found by contacting the service directly.

What are the payment options of Wedfuly?

The primary payment method for Wedfuly is a credit card or debit card. Other payment methods may be available, but are not listed on the site currently.

What is the net worth of Caroline Creidenberg?

The net worth of Caroline Creidenberg is not revealed.