Toybox Labs, founded in 2016 by Ben Baltes and Jenn Chin, offers a kid-friendly 3D printer that allows children to design and create their own toys.
After securing a $150,000 investment from Kevin O’Leary on Shark Tank in 2019, the company experienced significant growth. By 2021, Toybox Labs was valued at $10.6 million.
The company has attracted investors such as Legendary Ventures and Gaingels. Toybox Labs continues to innovate in the educational technology sector, empowering children to bring their imaginations to life through 3D printing.
Toybox Labs Net Worth
Estimated Net worth | $10.6 million (2024) |
Annual Sales Revenue | Not available |
Lifetime sales | $24 million |
Investor | Kevin O’Leary |
Founders | Ben Baltes and Jenn Chin |
Employees | 10 to 50 |
Toybox Labs Pitch on Shark Tank
Company name | Toybox Labs |
Product | 3D Printer / Toy Production Company |
Episode | Season 10 Episode 15 |
Founders | Ben Baltes and Jenn Chin |
Asked for | $150,000 for 5% equity |
Final deal | $150,000 for 13% equity + 2% advisory shares |
Shark | Kevin O’Leary |
Location | Seattle, Washington, United States |
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Toybox Labs Founders
Toybox Labs was founded by Ben Baltes and Jenn Chin in 2016. Jenn Chin is a former software engineer at Google and a University of California, Berkeley graduate. Ben Baltes is a former software engineer at Apple and a University of Texas at Austin graduate. Together, they founded Toybox Labs to create a 3D printer for kids. Toybox Labs’s founders, Ben Baltes and Jenn Chin’s net worth is unknown as of 2024. However, Toybox Labs is one of their main sources of net worth. Therefore, the duo should have a net worth abive $3 million.
Key accomplishments
Year | Accomplishment |
2023 | Developed the toy industry’s first-of-its-kind 3D printer designed specifically for kids. |
2022 | They have been featured in several media outlets , including The New York Times, TechCrunch, and Forbes. |
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 Spretz and its continued success.