Milkify is a GMP-certified breast milk freeze-drying service based in the United States. Founded in 2019 by Berkley Luck and Pedro Silva, the brand specializes in converting breast milk into freeze-dried powder through a process called sublimation.
This freeze-drying process preserves the nutritional qualities of breast milk, resulting in a shelf-stable powder with a shelf life of approximately three years. The process involves placing frozen milk in SafeDry Lyophilization pouches, which then undergo ultra-low freezing, deep vacuum, and sublimation.
In their Shark Tank pitch, Berkley and Pedro sought $400,000 for 10% equity, valuing their company at $4 million.
Company Name | Milkify | |
Founder | Berkley Luck and Pedro Silva | |
Founded | 2019 | |
Product | freeze-dry breast milk for longer storage | |
Asked For | $400k for 10% equity | |
Final Deal | $400k as a convertible note with the option to be paid back in 3 years or Convert to 20% equity | |
Shark | Lori Greiner | Gwyneth Paltrow |
Episode (Shark Tank USA) | S14 E19 | |
Air Date | April 7, 2023 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Houston, Texas, United States | |
Lifetime Worth (Sales) | $3.5M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Milkify?
Berkley Luck is the Co-Founder and COO of Milkify. She conceived the business idea after completing her Ph.D. in Molecular and Biomedical Science from Baylor College of Medicine and briefly worked at Solari Bio. Milkify was officially launched in February 2019, providing a service that converts nursing mothers’ breast milk into powder.
Pedro Silva, another co-founder, has a background in investment banking. He spent several years as an investment banking analyst at J.P. Morgan and later served as Assistant Vice President at EIG Global Energy Partners for five years.
What Happened To Milkify After Shark Tank?
Milkify secured funding from Shark Tank when Lori Greiner and Gwyneth Paltrow collectively invested $400,000 through convertible notes. Following the investment, Lori conducted a Twitter poll asking, “Moms, would you use this service to freeze-dry your breast milk?” Surprisingly, 63% of respondents said no.
Currently, Milkify has connected with over 3,000 clients from various cities across the United States. Revenue information for this year is not yet available. Co-founders Berkley Luck and Pedro Silva provided insights into the company’s performance and highlighted their returning customers during their pitch on Shark Tank.
We’re keeping an eye on Berkley Luck, Pedro Silva, and their company for future updates.
Lori said on Twitter.
I think this is such a great idea & so helpful. #Milkify #SharkTank
@LoriGreiner
What Is The Net Worth of Milkify?
Milkify is currently valued at an estimated $4 million and has been operating successfully since its launch in 2019. The company exclusively offers its services within the United States; however, there are several states where Milkify has yet to expand its service delivery.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2023 | $3M *estimated |
2022 | $344k *estimated |
2021 | $181k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
April, 2023 | $400K (Seed Round) | Lori Greiner Gwyneth Paltrow |
Yes, Milkify is still in business as of July 2024.