Quark Baby

Garett Senez, from Vancouver, British Columbia, asked for $2 million for a 15% stake in Quark Baby, a company that sells baby products designed to save time, money, and space. The flagship product, Quook, is a five-in-one baby food maker, steam sterilizer, and bottle warmer that won Best for Baby 2023 from Parents magazine in the United States. The company has eight products on the market and 35 more in development, including a smart milk warmer called BuubiBottle. In its first fiscal year the company made $1 million in revenue with $313,000 gross profit but a net loss of $1.1 million due to product development and legal costs; it projects $9.9 million in revenue this year, driven by expansion into the United States and 24 major Canadian retailers including Walmart and Loblaws. Garett Senez owns 18% of the company after dilution across three partners.

Wes Hall offered $2 million for 20% and Arlene Dickinson offered $2 million for 17%, both later reducing their equity ask to 15% each to combine into a single deal alongside each other. Manjit Minhas, Vincenzo Guzzo, and Michele Romanow all offered $2 million for 15% as well, with Vincenzo Guzzo adding a performance condition, but Garett Senez chose to go with Arlene Dickinson and Wes Hall together for $2 million for 15%.

Quark Baby is still operating and sells through its website.