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What is Bumpeez?
Bumpeez is the world's first patented at-home bumper car featuring a self-inflating character. It includes safety features like a five-point harness and parental controls, suitable for children of all ages, including those with disabilities.
Bumpeez's Shark Tank Pitch Recap
Michael and Israel pitched Bumpeez, a patented at-home bumper car with an inflatable character, for $100,000 for 10% equity. They highlighted the product's safety features, parental controls, and potential for licensing. Initially, Mark Cuban was out, but other sharks expressed interest. After negotiations and some back-and-forth, the founders secured a deal with Barbara Corcoran and Robert Herjavec for 15% equity plus a $5 royalty on the first 50,000 units sold, valuing the business at $1.25m. This deal came after they initially hesitated on other sharks offers, including one from Kevin O'Leary.
Who invested in Bumpeez?
Barbara Corcoran
Robert HerjavecBumpeez's Pitch Highlights
The founders initially focused on selling electronics and pet products on Amazon before venturing into children's toys.
The inflatable character design is patented, opening opportunities for licensing deals with major brands like Disney.
The founders turned down initial offers from multiple sharks before finally accepting a joint deal with two sharks and a royalty agreement.
One of the founders dropped out of accounting class to pursue a successful online business selling branded electronics.
The founders believe the company could be worth tens of millions of dollars in the future thanks to the inflatable character
Bumpeez Shark Tank Update
- Secured a deal with Barbara Corcoran and Robert Herjavec.
- Saw a significant boost in sales after appearing on Shark Tank.
- Recognized as one of the Top 25 Toys for STEAM by The Toy Association.
- Selling approximately 400 units per month on Amazon.
- Introduced a Shark Tank Bundle featuring the Dino and Unicorn Bumper Car.
Key Milestones
February 7, 2025 - Shark Tank Appearance
Appeared on Shark Tank Season 16, Episode 11.
