BabyQuip, founded by Fran Maier, appeared on Shark Tank in 2020, showcasing its baby gear rental service tailored for traveling families.
Though it didn’t secure a deal on the show, BabyQuip gained significant publicity, leading to rapid expansion. The company has since raised over $7 million in venture funding, including support from investors like Startup Capital Ventures and Thorney Investment Group.
With a $30 million valuation as of 2024, BabyQuip operates in over 1,200 locations across North America. The platform has become the largest baby gear rental marketplace, achieving notable success by easing travel stress for parents worldwide.
BabyQuip Net Worth
| Estimated Net worth | $30 million (2024) |
| Annual Sales Revenue | $23 million (2024) |
| Lifetime sales | $3.7 |
| Investor | None |
| Founder | Fran Maier & Joe Maier |
| Employees | 25 employees |
BabyQuip Pitch on Shark Tank
| Company name | BabyQuip |
| Product | baby gear-providing company |
| Episode | Season 11 Episode 14 |
| Founders | Fran Maier & Joe Maier |
| Asked for | $500,000 for 5% |
| Final deal | No Deal |
| Shark | None |
| Location | Santa Fe, New Mexico |
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BabyQuip Founders
BabyQuip was founded by Fran Maier & Joe Maier in 2016. They are mom and son. Fran Maier serves as the Founder and CEO of BabyQuip. Previously, she was the Board Chair from 2008 to 2014 at TrustArc. BabyQuip’s founders, Fran Maier & Joe Maier, have a net worth of 8.5 million USD as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2020 | In March 2020, the company bought Tot Squad, a company that cleans car seats. |
| 2021 | As of June 2021, the company operates in more than 600 cities and makes $9 million in revenue each year. In December 2021, the company joined forces with Hyatt, Vrbo, AvantStay, Blueground, Xplorie, Guesty, DACK, and others to introduce a host referral program. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for BabyQuip and its continued success.