Slumberkins Net Worth 2023, Founder, Shark Tank Deal (Updated)
A toy company that makes plush toys for kids is called Slumberkins. The toys promote social-emotional development in a variety of ways, including enhancing awareness, managing transitions, relaxing, and self-confidence, when combined with a Positive Affirmation card. These plush animals can teach children how to sleep better and teach them important life lessons.
|Founders||Kelly Oriard and Callie Christensen|
|Product||Kids’ stuffed animals and books that affirm positivity|
|Slumberkins Net Worth||$8 million (Last Updated 2023)|
Slumberkins Net Worth
Parents use slumberkins to teach their children early emotional learning. Each creature will have a book with it. Since it's debut, Slumberkins has earned over eight million dollars.
Kelly and Callie, childhood friends who wanted to target early emotional development among young children founded Slumberkins. By learning to sew, they were able to deal with a lot of different emotional problems. The items were sold on the photo sharing site, and played a big part in their business growth. Their opinion is that relationships between parents and children have a significant influence on a child's development.
About the Founders
The company was founded by high school friends, Kelly Oriard and Callie Christensen. They are currently the co-CEOs of the company. Prior to joining Portland Public Schools as a school counselor, Kelly Oriard worked at Trillium Family Services, which is where Callie Christensen started her career as a teacher.
Slumberkins Shark Tank Appearance
For 5% of their business, Kelly and Callie asked for a large amount of money. They exhibited their products to the sharks after they shared their story and made their pitch. Kevin did not believe that a premium plush toy would be a good seller, so he was no longer interested. Mark was out of the investment because he didn't think that 5% was enough. She left because she didn't like the competitive nature of the plush industry, but she liked the women. Robert told them not to expand, praised them as teachers, and then left. Unfortunately, they weren't able to get a deal on Shark Tank.
Slumberkins After Shark Tank
The annual sales of Slumberkins increased after they appeared on Shark Tank. They announced that a live action series for Slumberkin would be made in collaboration with Jim Henson. Children learn through virtual learning with Slumberkins book videos, coloring pages, and activities. The company makes $3 million in revenue each year, and is still in business.