Established in 2016 by Sharmi Albrechtsen, Smartgurlz gained huge success and a net worth of over $25 million in a short period of time thanks to its work in education, which provided learning toys for young girls.
According to the reports, when Sharmi Albrechtsen appeared on the Shark Tank, the company was only worth around $4 million.
something i noticed, but didn't rsally get into with the iceberg video is that thanks to smartgurlz using kurhn as their munfacturer, they're technically responsible for the first black kurhn doll that i'm aware of. the only darker skinned one in general, at that pic.twitter.com/oBcnJjZgHW
— Cammy 🧚♂️✨️ (@sweetdreamzkumi) March 17, 2022
Within a decade, the company’s net worth rose by over $20 million, and it reported receiving a whopping $1.2 million in annual revenue.
Smartgurlz is one of the rising businesses at the moment, with a significant goal to help young children with their education while having fun.
Smartgurlz rose to popularity after its founder introduced her business idea on the Shark Tank!
People first learned about Smartgurlz in the 2017 reality series Shark Tank, whose founder, Sharmi Albrechtsen, introduced the company’s products and goals.
In season 9 of Shark Tank USA, Sharmi Albrechtsen introduces her business, Smartgurlz, to the entrepreneur, expecting $200,000 for 5% equity; however, her deal was confirmed with American investor Daymond John for $200,000 for 25% equity.
Our founder and CEO, Sharmi, during our segment on @SharkTankABC! Were you watching?! 😍📺 #SharkTankABC pic.twitter.com/p8X6CnAHlL
— SmartGurlz, the maker of Smart Buddies (@SmartGurlzWorld) December 29, 2018
With John’s support, Smartgurlz got a huge investment with proper marketing advert expertise and started gaining popularity around the USA.
Moreover, as only investing money does not help grow a business without advertisement, she started promoting her business with the help of various organizations.
She started going to schools to encourage STEM education for young girls and build trust with parents while ensuring their product will make their children wiser by playing games.
The company recently introduced a robotic doll, Siggy, that can be programmed to perform a variety of tasks. It has become quite popular among children.
Sharmi Albrechtsen, the mother of a young girl named Nina, always used to look for a toy that would also help her daughter learn new things; however, she always ended up failing.
"You can be good at math and still have cute shoes," SmartGurlz founder and CEO Sharmi Albrechtsen Smart dolls with style seek to make #coding more fun for girls . #Programming #Javascript #Java #JQuery #Code #Coder #ReactJS #Blockchain https://t.co/xXnp3O8WW4 pic.twitter.com/4EyeagEpfJ
— Sabio Coding Bootcamp (@WeSabio) May 6, 2018
Therefore, after realizing the need for educational toys for young children, Sharmi Albrechtsen decided to establish a company to help children learn while playing games.
Now, through Smartgurlz, she empowers girls everywhere with skills to become confident, inspiring women.
On the official business page, Albrechtsen says Smartgurlz allows girls 6 and up to immerse themselves in Science, Technology, Engineering, and Math.
Additional Information
- Smartgurlz has been producing award-winning products, which even Girl Scouts of America and BlackGirlsCode recommends for people.
- According to the sources, the founder of Smartgurlz, Sharmi Albrechtsen, holds an estimated net worth of $5 million in 2024.
- Recently, AdWeek’s top 37 nominated Sharmi Albrechtsen for the category of Women Who Are Disrupting the Status Quo and Championing Gender Diversity in Advertising and Tech.
- Sharmi Albrechtsen graduated from Stanford University Graduate School of Business in 2021 and attended New York University in 2020.
- Apart from being a businesswoman, Smartgurlz is also the author of A Piece of Danish Happiness. Previously, she used to blog for Happy Denmark from January 2014 to July 2016 under the niece Arts and Culture.
