All five sharks invested when Veronica Periongo and Maria Curcio presented their early bed insect detection tool on Shark Tank.
The BuggyBeds glue traps sense bed bugs before they become a fully-fledged infestation, an epidemic worldwide.
Maria and Veronica have been invited to appear on the show by its producers. They initially declined.
BuggyBeds had sold for $150,000 over six months through Home Depot and Burlington Coat Factory before Shark Tank.
They’d previously declined a $5 million bid for trademarks and patents.
Their success did not stop them from considering a Shark Tank investment to help grow their company. When the Shark Tank asked if they were interested, they responded, “Sure.”.
What Is BuggyBeds?
BuggyBeds is a bedbug early detection system that alerts you to the presence of bedbugs. Bedbugs are ubiquitous and have caused widespread concern and suffering throughout the world.
Infestations of bedbugs have surged 500% in recent years, resulting in a global epidemic.
A modest twin bed can harbor thousands, if not hundreds, of bedbugs, resulting in red, bloated, itching bumps. A female is capable of laying up to 500 eggs!
There may be bedbugs in your home that you are unaware of. BuggyBeds is a glue trap with an early detection system for bedbugs that attracts, catches, and kills them.
You can place these non-toxic, pesticide-free traps between your mattress and box spring or beneath your couch cushions to make sure that you don’t harbor these nasty guests.
You can BuggyBeds at home or in a hotel – just place it in the hotel bed to see if you need to move rooms.
|Entrepreneur||Veronica Perongo & Maria Curcio|
|Product||Lures and traps bedbugs early with this glue trap|
|Investment Asking For||$125,000 for 7% equity BuggyBeds|
|Final Deal||$250,000 for 25% equity BuggyBeds|
|Shark||Kevin O’Leary, Mark Cuban, Daymond John, Barbara Corcoran, And Robert Herjavec|
|Episode||Season 4 Episode 1|
|Business Status||In Business|
Who Is The Founder Of BuggyBeds?
Maria Curcio & Veronica Periongo are the founders of BuggyBeds.
BuggyBeds Before Shark Tank
Veronica Perlongo and Maria Curcio founded BuggyBeds fifteen years ago; they have been partners in business for fifteen years.
Veronica and Maria founded BuggyBeds after discovering how widespread bed bugs have become throughout the United States.
Bed bugs will only take a matter of time to infest a person’s home once they’ve gained access, and these incidents are increasing rapidly.
BuggyBeds, on the other hand, offers an opportunity to tackle an international epidemic.
BuggyBeds is a bed bug detection system that works in the background, doing nothing to interrupt your daily life.
A bed bug detecting device will alert you if the bug gets close to it. If it does, it will warn you before a full infestation happens.
BuggyBeds monitors are pre-assembled and easily placed underneath the mattress at the bed’s corners.
You can keep those nasty bed bugs away by simply checking the BuggyBeds monitor regularly.
The unique aspect of BuggyBeds is that Veronica and Maria weren’t planning on entering the shark tank until approached by the show’s producers.
They initially declined to appear on the show, but after some thought, they recognized how much value sharks could add to what was already a popular product.
The team realized BuggyBeds could potentially take over the world if they could attract one of the sharks and leverage their knowledge and business contacts.
How Was The Shark Tank Pitch Of BuggyBeds?
Maria and Veronica appeared on Shark Tank requesting an investment of $125,000 in exchange for a 7% equity in BuggyBeds.
Mr. Wonderful has asked the ladies to exit the room while he offers his colleagues.
Kevin presents Veronica and Maria with a $250K offer for a 25% stake in the company and invites the other Sharks to participate.
Kevin is “in” with Daymond. Barbara offers $150K in exchange for 15% then withdraws her offer.
Robert agrees, and the boys welcome Barbara back in; she accepts. Mark offers to organize a deal for them.
Veronica and Maria accepted a $250K offer for 25% of BuggyBeds and left the tank with a deal from each Shark.
What Happened To BuggyBeds After Shark Tank?
BuggyBeds has seen its brand awareness significantly increase after appearing on Shark Tank and negotiating a deal with all five sharks.
In the United States, sixty Home Depot stores sold BuggyBeds before the show aired. The product is now available at 350 Home Depot locations following the success of Shark Tank.
BuggyBeds were sold at around 75 Burlington Coat Factory locations before the shark tank episode. The product is now available in all Burlington Coat Factory locations.
BuggyBeds is currently available in over forty countries due to a successful distributor relationship. You can purchase BuggyBeds online through Amazon.com.
BuggyBeds are one of the most successful products ever to land a Shark Tank contract, as history is being made.
BuggyBeds Shark Tank Update
BuggyBeds were in 60 Home Depot locations before taping; the company expanded rapidly to 350 locations and will soon expand even further.
In the past, BuggyBeds were only available from 75 Burlington Coat Factory locations; currently, they are available from all locations.
They also have distributor relationships in more than 40 countries and a strong institutional, wholesale channel.
Maria granted SharkTankBlog a second interview after learning her episode would be re-aired on 12/7/12.
Shark Tank crew spent late November filming a follow-up segment on BuggyBeds in Freehold, New Jersey. A follow-up episode of Shark Tank will air on March 29th.
The company has expanded its product line over the years. They also make mosquito repellent bands, flea and tick traps, and lice repellent bands.
A majority interest in the company was sold to Rock Mountain Capital in April 2021, which removed the Sharks from its ownership percentage.
Maria and Veronica remain “major minority owners and active participants in the firm.” As of January 2022, annual revenue stands at $4 million.
Is BuggyBeds Still In Business?
The BuggyBeds brand benefited greatly from its historic Shark Tank transaction.
BuggyBeds are now available at more than 350 Home Depot locations and every Burlington Coat Factory store in the country due to its televised debut.
You can purchase BuggyBeds online and have them shipped worldwide. BuggyBeds was undoubtedly one of the most successful business initiatives in Shark Tank’s history.