Bug Bite Thing,a suction tool for relief after bug bites, was started by Ellen McAlister and Kelley Higney in 2016. As of September 2023, Bug Bite Thing net worth is $21 million. And they’re pulling in a whopping $21 million in annual revenue.
In October 2019, they appeared on season 11 of Shark Tank USA. And made a deal with Lori Greiner, for $150,000 for 10% of equity. The final valuation was $1.5 million, same as the founder’s initial estimate of $1.5 million.
However, in September 2023, Bug Bite Thing still appeared in the business world. If you experience annoying bug bites often, then try their bug bite pain relieving tool. You can purchase them from their official website.
Bug Bite Thing Net Worth
|Net worth||$21 million (2023)|
|Annual Sales Revenue||$21 million (2022)|
|Profits||Not publicly available|
|Lifetime sales||Not publicly available|
|Founder||Ellen McAlister and Kelley Higney|
Bug Bite Thing Net Worth Timeline
|Net Worth 2023||$21 million|
|Net Worth 2022||$21 million|
|Net worth valuation 2019 after appearing on Shark Tank||$1.5 million|
|Net worth valuation 2019 before appearing on Shark Tank||$1.5 million|
Bug Bite Thing Pitch on Shark Tank
|Company name||Bug Bite Thing|
|Product||Suction tool for relief after bug bites|
|Episode||Season 11 Episode 04|
|Founders||Ellen McAlister and Kelley Higney|
|Asked for||$150,000 for 10% equity|
|Final deal||$150,000 for 10% equity|
|Location||Port St Lucie, Florida, US|
Bug Bite Thing Founders
Bug Bite Thing was founded by Ellen McAlister and Kelley Higney in 2016. Kelley Higney. Bug Bite Thing’s founders, Ellen McAlister and Kelley Higney , have a net worth of $16.2 million as of 2023.
|2019||Appeared on Shark Tank season 11 and Lori Greiner invested $150,000 for 10% equity.|
|2020||best-seller for insect bite relief on Amazon.|
|2022||The company was awarded the Stevie Award for Female Entrepreneur of the Year by the Stevie Awards for Women in Business.|
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 Bug Bite Thing and its continued success.