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 | – |
| Investors | Mark Cuban and Lori Greiner |
| Founders | Alice Brooks and Bettina Chen |
| Employees | 10 – 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 name | Roominate |
| Product | Engineering toy-building sets |
| Episode | Season 06 Episode 02 |
| Founders | Alice Brooks and Bettina Chen |
| Asked for | $500,000 for 5% equity |
| Final deal | $500,000 for 5% equity |
| Sharks | Mark Cuban and Lori Greiner |
| Location | Palo 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:
| Year | Accomplishment |
| 2022 | They made a major deal with Walmart to be sold across the US |
| 2016 | Patch Products acquired Roominate |
| 2014 | Featured 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.