Bee D'Vine Shark Tank Update

Bee D'Vine Shark Tank Pitch

Ayele Solomon appeared on Shark Tank Season 12, Episode 5, which aired on November 12, 2020, with sustainably produced, barrel-aged honey wine from Sonoma Valley.

Bee D'Vine is listed in the Food Beverage category. In plain terms, the business is described as sustainably produced, barrel-aged honey wine from Sonoma Valley.

Bee D'Vine asked the Sharks for $750,000 for 20%, implying a valuation of about $3.8 million.

On the show, Bee D'Vine made a listed deal with Mark Cuban, Lori Greiner, and Robert Herjavec for $750,000 for 40%.

If treated as straight equity, the listed deal works out to about $1.9 million implied valuation, down from the original $3.8 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Bee D'Vine After Shark Tank

Bee D'Vine accepted an on-air Shark Tank deal for $750,000 for 40%. Later reporting says the deal did not close after filming. (Bee D'Vine Shark Tank Update

By July 2024, Bee D'Vine was reported at about $4 million in annual revenue. (Bee D'Vine Shark Tank Update

In June 2024, Bee D'Vine introduced a limited edition Fresca, a light, refreshing sparkling honey wine that’s also lower in alcohol. (Bee D'Vine Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches