Toybox Labs Net Worth 2024 Update (Before & After Shark Tank)
Toybox Labs, a 3D Printer / Toy Production company, was started by Ben Baltes and Jenn Chin in 2016. As of June 2024, Toybox Labs’ net worth is $3 Million. And they’re pulling in a whopping $300,000 in annual revenue.
On March 10, 2019, they appeared on Season 10 of Shark Tank USA and made a deal with Kevin O’Leary for $150,000 for 13% equity + 2% advisory shares. The final valuation was $1 Million, down from the founder’s initial estimate of $3 Million.
The company launched a new subscription service that allows users to rent a Toybox printer for a monthly fee. Toybox Labs is still in business. Products are available Website and Amazon.
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Toybox Labs Net Worth
| Net worth | $3 million (2024) |
| Annual Sales Revenue | $300,000 |
| Profits | Not available |
| Lifetime sales | $24 million |
| Investor | Kevin O’Leary |
| Founders | Ben Baltes and Jenn Chin |
| Employees | 10 to 50 |
Toybox Labs Net Worth Timeline
| Net Worth 2024 | $3 million |
| Net Worth 2023 | $3 million |
| Net Worth 2022 | $1.8 million |
| Net worth valuation in 2019 after appearing on Shark Tank | $1 million |
| Net worth valuation in 2019 before appearing on Shark Tank | $3 million |
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 |
Don’t miss these products from Season 10
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.
