In the season 10 finale, BatBnB co-founders Harrison Broadhurst and Chris Rannefors entered Shark Tank with the hopes of a deal for their designer bat houses. Here is a BatBnB update for you on the company after Shark Tank.
See others from Season 10 Shark Tank Finale: QuikFlip, Fat Shack, CoyoteVest
BatBnb on Shark Tank Summary
| Name of Business: BatBnb | |
| Episode: Season 10 Episode 22 | |
| Asked for: $100,000 for 16% | |
| Shark Investor: Kevin O’Leary | |
| Deal: $100,000 for 33.3% | |
| Founders: Christopher Rannefors and Harrison Broadhurst |
How much did they ask for in Shark Tank?
The duo came in seeking $100,000 for a 16% stake in their bat house business.
Let’s do the math.
Each unit landed cost is $89 and they sell for $239. This leads to a profit margin of 169%.
What is the reason behind the BatBnB house?
According to Sharktankblog Broadhurst and Rannefors parents (not related) both studied and/or built bat houses with them as children. They did this due to the signs of increasing mosquito population and dwindling bat population. Bats are the best way to control mosquitos in the world.
Did BatBnB get a deal?
While almost all sharks went out, Kevin O’Leary offered $100,000 for 33.3% which the guys agreed to.
BatBnB Shark Tank Update
According to sharktankblog.com the deal with Kevin O’Leary never went through. The company is still in business though.
BatBnB was featured in season 10, on episode 1022. Their website which has had 65.5K social shares is still live and updated. They have been featured in Huffpost, USA Today, Fast Company, Forbes, Mother Nature Network, and NPR.
After Shark Tank they were featured on a show called Innovation Nation with Mo Rocca. You can see the piece below.
They are listed as an approved Bat House of Merlin Tuttle. This is a coveted seal of approval by a very important bat conservation. It certifies BatBnB houses meet the needs of bats.
They’re still pretty active on social media with their most recent post being about what makes the BatBnB house better than others.
On the shop section of their website they are offering a number of different models for a marked down price. If you want to buy one, you can and shipping typically takes 1 – 2 weeks according to the website.
They have a Tik Tok now with a new video calling themselves the “Beyonce of the Bat World.”
@batbnb Who is the Beyonce of the bat world? Our co-founders were featurd on Beat the Often Path podcast. #bats #bathouse #batbnb #startup #smallbusiness #crowdfunding #whereitallstarted #ourstory #ourjourney #savethebats #natural #insectcontrol ♬ original sound – BatBnB
BatBnB Net Worth
According to Nova Scotia Today, BatBnB is worth $1 million as of 2021.
They were featured in Architectural Digest in a story titled, “Here’s Why the Bat House is Becoming a Thing.”
Can you find BatBNB on Amazon? No, but there are many other similar ones from other brands if you want to check them out.
Where are the BatBnB Founders today?
Christopher Rannefors, according to his Linkedin page is a sales leader at Shopify, a Co-Founder of BatBnB, and a Leadership coach. He was also named to Forbes 30 Under 30 list. One more item to include in his resume is he is an ex-Google employee. Christopher currently resides in Nashville, Tennessee.
Harrison Broadhurst is a Design Technology Specialist at STG Design, Co-founder at BatBnB and on the Forbes 30 under 30 list. He also currently lives in Nashville, Tennessee.
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