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Roominate Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-Worth-2023-UpdateRoominate

Roominate, Engineering toy-building sets, was started by Alice Brooks and Bettina Chen in 2012. As of September 2023. Roominate net worth is $15 Million and they’re pulling in a whopping $4.5 million in annual revenue.

On September 26, 2014, they appeared on Season 6 of Shark Tank USA and made a deal with Mark Cuban and Lori Greiner, for $500,000 for 5% equity. The final valuation was $10 Million, the same as the founder’s initial estimate.

Roominate is still in business but has been acquired by Patch Products. Now the Roominate brand has been changed to PlayMonster and expanded its products through its website and Amazon.

Roominate Net Worth

Net worth$15 Million (2023)
Annual Sales Revenue$4.5 million (2022)
Profits
Lifetime sales
InvestorsMark Cuban and Lori Greiner
FoundersAlice Brooks and Bettina Chen
Employees10 – 30

Roominate Net Worth Timeline

Net Worth 2023$15 Million
Net Worth 2022$14 Million
Net Worth 2021$13.5 Million
Net Worth 2020$11 Million
Net worth valuation in 2014 after appearing on Shark Tank  $10 Million
Net worth valuation in 2014 before appearing on Shark Tank $10 Million

Roominate Pitch on Shark Tank

Company nameRoominate
ProductEngineering toy-building sets
EpisodeSeason 06 Episode 02
Founders Alice Brooks and Bettina Chen
Asked for$500,000 for 5% equity
Final deal$500,000 for 5% equity
SharksMark Cuban and Lori Greiner
LocationPalo Alto, California, United States

Roominate Founders

Roominate was founded by Alice Brooks and Bettina Chen in 2012. Alice Brooks and Bettina Chen are college friends. They made Roominates to encourage girls aged 6-10 to pursue STEM fields. Roominate’s founders, Alice Brooks and Bettina Chen, have a net worth of USD 5 Million as of 2023.

Key accomplishments:

YearAccomplishment
2022They made a major deal with Walmart to be sold across the US
2016Patch Products acquired Roominate
2014Featured on Shark Tank

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 Roominate and its continued success.

What do you think?

Written by GAG Team

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