FOAM Cooler Shark Tank Update

FOAM Cooler Shark Tank Pitch

FOAM Cooler appeared on Shark Tank Season 16, Episode 6, which aired on November 22, 2024, with Cooler.

FOAM Cooler is listed in the Consumer Products category. In plain terms, the business is described as Cooler.

FOAM Cooler asked the Sharks for $150,000 for 10% equity, implying a valuation of about $1.5 million.

On the show, FOAM Cooler made a listed deal for $150,000 for 30% equity.

If treated as straight equity, the listed deal works out to about $500,000 implied valuation, down from the original $1.5 million implied valuation.

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

FOAM Cooler After Shark Tank

FOAM Cooler accepted an on-air deal for $150,000 for 30% equity. FOAM Cooler remained active after the episode. (Foam Cooler - Shark Tank Season 16

So far, FOAM Cooler has generated $114,000 in sales in 2024, with an additional $137,000 committed, bringing total year-to-date revenue to $251,000. (Foam Cooler - Shark Tank Season 16

Although primarily focused on direct-to-consumer sales, FOAM Cooler managed to secure a launch in 97 Target stores through cold calling. (Foam Cooler - Shark Tank Season 16

FOAM Cooler has partnered with Koozie Group to enhance its retail presence. (Foam Cooler - Shark Tank Season 16

Furthermore, FOAM Cooler introduced the Gen 2 coolers in November 2024, offering new features, colors, and improved pricing to attract more customers. (Foam Cooler - Shark Tank Season 16

Sources

Sources used for this page: sharktankblog.com