Loliware Shark Tank Update

Loliware Shark Tank Pitch

Chelsea Briganti and Leigh Ann Tucker appeared on Shark Tank Season 7, Episode 2, which aired on October 2, 2015, with Edible, biodegradable cups.

Loliware is listed in the Food Beverage category. In plain terms, the business is described as Edible, biodegradable cups.

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

On the show, Loliware made a listed deal with Mark Cuban and Barbara Corcoran for $150,000 for 25%.

If treated as straight equity, the listed deal works out to about $600,000 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.

Loliware After Shark Tank

Loliware accepted an on-air Shark Tank deal for $150,000 for 25%. The on-air deal closed. Follow-up reporting lists the company as in business. (Loliware Shark Tank Update

In January 2020, they raised an additional $6 million in venture capital at an undisclosed valuation. (Loliware Shark Tank Update

As of 2024, Loliware continues to develop its seaweed-based bioplastics, expanding partnerships with global packaging manufacturers. (Loliware Shark Tank Update

Kickstarter and Indiegogo Campaigns In January 2018, they raised $49,160 on Kickstarter and $85,008 on Indiegogo to pre-sell straws. (Loliware Shark Tank Update

The official website for Loliware is listed as loliware.com. (Loliware website

Sources

Sources used for this page: Shark Tank API pitches