lr: O’Leary with Baltes and Chin from Toy Box Labs on SHARK TANK (ABC / Eric McCandless)
Toy box is a 3D printer specially designed for primary school children (6 to 9 years old). The founders of Toybox Labs, former Microsoft engineers Jenn Chin and Ben Baltes of Oakland, Calif., introduced their colorful, easy-to-use educational toy store for season 10 Shark tank.
[Related: 27 Favorite ‘Shark Tank’ Products at Amazon — New List]
They went into the tank and looked for an investment of $ 150,000 against 5 percent equity Kevin “Mr. Wonderful “O’LearyOffering $ 150,000 for 13 percent with 2 percent advisory stock.
O’Leary mentioned a desire to license the toy box technology, and that’s exactly what the company has been doing since the Shark Tank originally aired in March 2019.
In March 2020, Toybox Labs announced its first license agreement. Toybox users can now print 3D versions of characters from the Dennis & Gnasher Show, a popular series in the UK, produced by London Beano Studios.
And in October 2020, Toybox Labs announced that it had received an investment from Legendary ventures, “To drive global retail sales, marketing and distribution opportunities as part of Toybox Labs’ omni-channel globalization strategy.” Toybox Labs has raised $ 2 million and is expected to generate $ 24 million in sales in 2021.
New episodes of Shark tank Air on Fridays at 8 p.m. on ABC, shortly before 8/8 p.m. at 9 p.m.