Roominate Shark Tank Update

Roominate Shark Tank Pitch

Alice Brooks and Bettina Chen appeared on Shark Tank Season 6, Episode 2, which aired on September 26, 2014, with STEM building toys for girls.

Roominate is listed in the Education category. In plain terms, the business is described as STEM building toys for girls.

Roominate asked the Sharks for $500,000 for 5%, implying a valuation of about $10 million.

On the show, Roominate made a listed deal with Mark Cuban and Lori Greiner for $500,000 for 5%.

If treated as straight equity, the listed deal works out to about $10 million implied valuation, roughly the same implied valuation as the ask.

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

Roominate After Shark Tank

Roominate accepted an on-air Shark Tank deal for $500,000 for 5%. The company was acquired by Patch Products for an undisclosed amount in January, 2016. (Roominate Shark Tank Update

Roominate reported sales of $4.5 million. Since doing their deal with Mark. The company got their product in over 800 Wal Mart stores, and Roominate had an update segment in season seven, episode 706. (Roominate Shark Tank Update

The official website for Roominate is listed as www.playmonster.com/roominate-alice-brooks. (Roominate website

Sources

Sources used for this page: Shark Tank API pitches