Wedfuly is a wedding tech startup that offers virtual wedding services for couples and their guests. This service is particularly beneficial for those who cannot be physically present at the wedding or engagement ceremonies.
Wedfuly provides professional videographers who set up on-site, using two professional-grade cameras to capture the event from various angles. The live footage is streamed directly via Zoom, allowing virtual attendees to experience the ceremony in real time.
The company offers two main service packages: Wedfuly Pro for $800 and Wedfuly Full Service for $1,800. Additionally, Wedfuly provides various add-ons at an extra cost to enhance the virtual experience.
| Company Name | Wedfuly |
| Founder | Caroline Creidenberg |
| Founded | 2017 |
| Product | virtual wedding services tect startup |
| Asked For | $200k for a 5% equity |
| Final Deal | $200k for a 10% equity |
| Shark | Robert Herjavec |
| Episode (Shark Tank USA) | S13 E5 |
| Air Date | Nov 5, 2021 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Denver, Colorado, United States |
| Lifetime Worth (Sales) | $4.8M *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Wedfuly?
Caroline Creidenberg is the Founder and CEO of Wedfuly. She holds a Bachelor’s degree in Computer Science from the University of Denver. While pursuing her studies, Caroline interned in marketing at Adstra.
Following her internship, she worked as a self-employed web and iOS developer for a year. She then transitioned to a role as a software engineer at Nasdaq, where she worked for eight months before launching Wedfuly.
How Was The Shark Tank Pitch Of Wedfuly?
Caroline Creidenberg entered Shark Tank seeking $200,000 for 20% equity in her company, Wedfuly, while making a memorable presentation in a wedding dress. She shared how the pandemic significantly impacted the wedding industry, causing many couples to postpone or cancel their weddings.
This led her to create Wedfuly, a virtual wedding service designed to accommodate those unable to hold traditional ceremonies.
By March 2020, Wedfuly had successfully conducted 700 weddings. Caroline developed an app to collaborate with wedding planners, recognizing that the traditional wedding industry often fails to meet diverse needs.
She highlighted that the minimum cost for a wedding typically starts at $30,000, yet 40% of couples struggled to plan their weddings in the previous year.
Caroline mentioned that Wedfuly could manage up to 30 weddings in a single day while collecting valuable guest data, including email addresses and phone numbers.
Since its launch in March 2020, the company had generated $1 million in sales by 2021, following $700,000 in sales the previous year and projecting a profit of $300,000 for the current year.
The average revenue per customer stands at $1,500, with a profit margin of 75%. Base packages range from $800 to $1,200, with additional charges for add-ons.
Kevin O’Leary appreciated the data collection aspect of the business and offered $200,000 for 20% equity. Caroline countered with $200,000 for 10% equity, but O’Leary declined.
Lori Greiner expressed admiration for Caroline’s story but ultimately opted out, while Mark Cuban questioned the business’s scalability and also exited the deal.
In the end, Robert Herjavec recognized Caroline’s potential as a strong operator and offered $200,000 for 10% equity, which both parties accepted.
Finalize: Robert Herjavec Invest $200K in ‘Wedfuly’ for 10% equity.
What Happened To Wedfuly After Shark Tank?
Robert Herjavec has acquired a 10% stake in Wedfuly, the virtual wedding company founded by Caroline Creidenberg, with the goal of scaling the business together.
After the episode aired, Daniel Lubetzky publicly congratulated Robert on his investment, while many Twitter users shared their thoughts on the business deal, highlighting the growing interest in virtual wedding services.
Wedfuly has received considerable media attention, being featured in prominent publications such as The New York Times, Today, Vogue, Brides, and The Cut.
The company’s team is thrilled about the investment, as it not only provides funding but also mentorship from Robert, a valuable asset for growth and expansion.
To date, Wedfuly has successfully conducted over 1,000 weddings, showcasing its effectiveness in meeting the needs of couples during challenging times.
Although Robert has not finalized the deal as of December 2022, we are excited to follow Caroline Creidenberg and her company for further updates on their journey and success.
What Is Wedfuly Net Worth?
During the COVID-19 pandemic, Wedfuly experienced significant growth, with founder Caroline Creidenberg projecting revenues of $1 million by the end of 2021. The company entered Shark Tank with a valuation of $2 million and successfully secured a deal with Robert Herjavec for a 10% equity stake.
Considering the company’s revenue from the previous year, it is estimated that Wedfuly could currently be valued at approximately $0.6 million.
Yes, Wedfuly is still in business as of December 2022.
