After swimming with Sharks Slumberkins poised for bigger splash

first_imgWhen Vancouver residents Kelly Oriard and Callie Christensen took their Slumberkins educational children’s brand onto the ABC business pitch show “Shark Tank” in late 2017, they were seeking a $175,000 investment to expand their manufacturing operation.The “Sharks” decided not to invest, but the co-CEOs vowed to keep growing the company organically, with an emphasis on direct-to-consumer sales. A year later, they’re showing no signs of slowing down.At the time the “Shark Tank” episode aired, the Slumberkins brand was around 18 months old and had a staff of seven, working out of a small space in the back of a commercial garage on Fifth Street in downtown Vancouver.The staff has since grown to 11, and in May the company moved into a new 2,000-square-foot office on Washington Street. Then in July, the Jim Henson Company — best known for the Muppets — announced that it would produce an educational children’s series based around the Slumberkins characters.The company made more than $550,000 in sales in 2017, and Christensen and Oriard say they were on track to grow that number by more than 100 percent in 2018. They’re also dealing with much larger investment numbers than they were back on “Shark Tank.” A November public filing with the federal Securities and Exchange Commission shows the company recently secured a $476,000 investment.last_img

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *