Veba Baby Shark Tank Update – Net Worth, Pitch & Deal

Sean and Veon Brewster, an amazing entrepreneurial couple, appeared on Shark Tank in season 15 Episode 19. They founded Veba Baby, a company that focuses on helping parents to store and track breast milk for their little ones.

The Veba Baby Bottle Monitor ensures that parents provide the highest quality milk, keeping their children healthy and thriving. Let’s see if the product can impress the sharks. The sharks involved were Lori Greiner, Mark Cuban, Robert Herjavec, Kevin O’Leary, and Emma Grede.

Did the company manage to get a deal? If you are interested in learning what happened, just read this article. So you can enjoy the whole episode. Buckle up!

Veba Baby Net Worth

Based on the data and their numbers, Veba Baby net worth is estimated at $850k. It’s safe to say that Veba Baby is off to a great start and making a positive impact. The entrepreneurs launched their company just a few months ago. Veba Baby is all about supporting parents in storing and tracking breast milk for their little ones. It’s no wonder many parents are relying on this incredible product.

What Happened to Veba Baby After Shark Tank?

Even though Veba Baby didn’t secure an investment in Shark Tank, they still gained incredible exposure from being on the show. Airing on Shark Tank allowed them to showcase the amazing features of their product to a wide audience. As a result, many customers are now aware of Veba Baby and are getting attracted to their innovative solution. This exposure is bound to lead to greater sales for the company. It’s such an exciting opportunity for them to grow and thrive.

Did Veba Baby Get A Deal on Shark Tank?

No, the company couldn’t manage to secure any deal on the show.  The sharks loved the innovative features of Veba Baby, but none of them were ready to invest. So, the entrepreneurs left the show without striking a deal.

Shark(s) nameOfferDemandCounterofferAccepted?
Robert HerjavecOutN/AN/AN/A
Lori GreinerOutN/AN/AN/A
Kevin O’LearyOutN/AN/AN/A
Emma GredeOutN/AN/AN/A
Mark CubanOutN/AN/AN/A

Veba Baby Shark Tank Update

veba baby net worth

Founder Backstory

Veon and Sean are the co-founders of  Veba Baby, a company that has created a unique baby bottle monitor. They noticed that sometimes tired parents accidentally give their babies expired breastmilk or formula, which can be a real headache.

So, they came up with Veba, a smart monitor that attaches to any bottle and pairs with their app. This clever device tracks the temperature of the milk or formula and sends an alert when it’s about to expire. It’s a lifesaver for busy parents.

Their inspiration for this invention came from their son. Veon, who was juggling pumping breastmilk and work, lost track of time and had to throw away her milk when it went bad. That’s when they realized there had to be a better way. It’s incredible how they turned their own experience into a solution that helps so many parents out there.

Initial Pitch

The co-founders, Veon and Sean, walked into the show in Season 15 to present their business model. They were looking for $150,000 in exchange for a 15% stake in their company. During their pitch, they shared their backstory and how they came up with the idea for Veba Baby.

Their main focus is to provide parents with much-needed support in storing and keeping track of the breast milk they feed their precious little ones. With the Veba Baby Bottle Monitor, they ensure that parents can give their babies the highest quality breast milk, free from any contaminants. It’s all about promoting optimal growth and health for the kids.

Queries About The Product

what happened to veba baby after shark tank

After their presentation, Emma Grede, one of the guest sharks, mentioned that she’s a mom of four and personally hasn’t encountered this issue. However, Veon emphasized that there is a significant need in the market, especially for women who don’t produce enough milk.

The Veba Baby Bottle Monitor is also helpful for parents in hot climates or when they’re out and about, like at the playground or in the car. In terms of cost, the product sells for $89, with a manufacturing cost of $45. However, Sean believes they can reduce the landed cost by 30%. They’ve made $3,000 in sales since launching, and their app has 70 users.

On average, customers buy two Veba bands at a time. Veon and Sean have invested $350,000 in the company, including a $300,000 loan on their house. They’re seeking a $150,000 investment from the sharks, which they plan to put into marketing to grow their customer base and scale the company. They’ve also received over $1 million from other investors and have $178,000 worth of merchandise, which is around 2,000 units.

Sharks’ Responses and Final Deal

After discussion, when it came to making offers for the company none of the sharks were ready to invest in Veba Baby. Emma and Robert didn’t see the necessity of the product, and Mark suggested marketing it as a baby shower gift rather than directly to moms. Kevin didn’t think their marketing was clear enough, and Lori felt it was too early for her to invest. So, the entrepreneurial duo had to leave the Shark Tank without a deal.

What Went Wrong With The Product on Shark Tank?

Each shark had their reasons for not investing. Firstly, it was too early to make a deal since the company had just launched and the marketing wasn’t clear enough. Secondly, a few of the sharks didn’t see the necessity of a product like this in the market. For all those reasons, the sharks were out and Veba Baby failed to close a deal with any of them.

Product Availability

Veba Baby Bottle Monitor is an innovative product that has a built-in timer and thermo-detector to monitor the temperature of the milk and adjust the expiration. And the fact that it keeps updating the expiration for the milk in the bottle is super convenient for busy parents or caretakers.

It can be tough to remember all those details, so having the Veba monitor would make things easier. Breast milk can stay safely at room temperature for 4 hours, but once the baby starts drinking from the bottle, it’s only good for 2 hours. That’s important information for parents to keep in mind.

As for purchasing the Veba Baby Bottle Monitor, people can buy it directly from their official website. The price for one monitor is listed at $129, but if you buy a pair, you can get a discounted price of $116.50 each. The product is also available on Amazon at the same price.

Conclusion

Veba Baby didn’t manage to secure a deal on Shark Tank, however, their journey on the show was still incredibly impactful. The exposure they gained through the show is priceless. Now that more people know about their product, it’s a fantastic opportunity for Veba Baby to grow and expand.

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