Toybox Labs Shark Tank Update

Toybox Labs Shark Tank Pitch

Jenn Chin and Ben Baltes appeared on Shark Tank Season 10, Episode 15, which aired on March 9, 2019, with 3D printer toy builder for kids.

Toybox Labs is listed in the Children category. In plain terms, the business is described as 3D printer toy builder for kids.

Toybox Labs asked the Sharks for $150,000 for 5%, implying a valuation of about $3 million.

On the show, Toybox Labs made a listed deal with Kevin O'Leary for $150,000 for 13% + 2% advisory shares.

If treated as straight equity, the listed deal works out to about $1.2 million implied valuation, down from the original $3 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Toybox Labs After Shark Tank

Toybox Labs accepted an on-air Shark Tank deal for $150,000 for 13% + 2% advisory shares, but later updates say the deal did not close. (ToyBox Shark Tank Update

In May, 2019, they raised $2 million in a venture round with six different venture capital firms. (ToyBox Shark Tank Update

In March, 2020 Toy Box entered a licensing agreement with Beano Studios, producers of Dennis & Gnasher: Unleashed, a cartoon series that streams on Netflix in the US. (ToyBox Shark Tank Update

March 2021 saw the biggest licensing deal yet: Warner Brothers, which includes the entire DC Comics universe. (ToyBox Shark Tank Update

In August, 2022, they introduced a sun activated printer food. (ToyBox Shark Tank Update

The current brand site points customers to shop.make.toys. (Toybox Labs website

Sources

Sources used for this page: Shark Tank API pitches