SlumberPod is a portable privacy tent business for babies that was officially launched in 2018 by Lou Childs and Katy Mallory. Lou Childs and Katy Mallory are both mother and daughter.
December 2014 Katy and her husband and baby visit Katy’s mother’s house for the winter holidays. These three people had to share 1 room and her child kept getting up at night repeatedly searching for the parents and did not sleep again.
Katy started searching the internet to solve this product but unfortunately, she could not find anything. Katy discussed it with her mother, Lou, and in 2016, SlumberPod was born.
In 2018, they managed to raise $45,608 for their project by launching a campaign on Kickstarter. To grow the business, they appeared on Shark Tank Season 11 Episode 10 and asked the sharks for $400,000 for 20% equity at a $2 Million Valuation.
What Is SlumberPod?
The SlumberPod is a safe, easy, and portable solution to baby’s privacy and parents will be able to sleep better with this product.
This product is a kind of tent that completely encloses the baby’s sleeping area thus creating the baby’s personal space. This product is portable as well as completely lightweight.
|Founder||Lou Childs and Katy Mallory|
|Product||portable tent for babies|
|Asked For||$400k for 20% equity|
|Final Deal||$400k for 20% equity|
|Episode (Shark Tank USA)||S11 E10|
|Air Date||Jan 5, 2020|
|Business Status||In Business|
|Headquarters||Atlanta, Georgia, US|
|Lifetime Worth (Sales)||$22.5M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of SlumberPod?
The Co-Founder and CEO of SlumberPod is Katy Mallory and her mother Lou (Wingfield) Childs is a marketing expert.
Mallory has worked as a salesperson in many corporate companies after completing her journalism studies.
How Was The Shark Tank Pitch Of SlumberPod?
After entering the Shark Tank, Katy & Lou explained their business to the sharks and asked for $400k for 20% equity. The landed cost of the product is $56 and it is sold for $149.99.
They’ve done $556,000 in sales since the start of the business. Barbara Corcoran offered $400k for 25% equity. Kevin O’Leary offered $400k as a loan at 9% for a 7% equity. Katy counters Barbara with 20% equity and Barbara agrees.
What Happened To SlumberPod After Shark Tank?
SlumberPod got a deal on Shark Tank. After this episode of Shark Tank aired, 20k units of the product were sold through Amazon and the company website.
In 2021, the company’s annual revenue reached $5 million. On October 2022, they launched a new version product called Slumberpod with a fan included. On October 2022, BabyQuip signed a Strategic Partner deal with SlumberPod.
What’s new on SlumberPod
Last Update: August 11, 2023
This product is available on Amazon, Target, and other retail and online stores. As of August 2023, the company’s annual revenue is $10 million.
SlumberPod Shark Tank Update
After the airing of this episode of Shark Tank, all the products of the company were sold out and the stock was back after almost a month. There are many parents who are looking interested in buying this product for their child.
What Is the Net Worth of SlumberPod?
SlumberPod’s current net worth is estimated at $5 million. This company is running paid ads for product sales. According to Similaweb, 30% of visits are direct visits to the company site.
Is SlumberPod Still In Business?
This company has been running since 2018 and has been making profits since its inception. Now the founders have a plan to expand the business internationally, especially in the countries of Europe.
The company is headquartered in Atlanta, Georgia, United States, and employs 11-50 people, according to its LinkedIn profile.
Yes, SlumberPod is still in business as of August 2023.