Kanga Coolers on Shark Tank

Kanga Coolers makes a soft-sided cooler designed to slip over a case of beer or soda. It lets users chill and carry an entire case without unloading the cans, aimed at tailgaters, boaters, and partygoers.

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⏱ Kanga Coolers in 30 seconds

The ask$100K for 10%Valued at $1M
In the tankDeal: $100K for 20%With Mark
After the showNot confirmedNo public record either way
TodayStill in business

Kanga Coolers Shark Tank deal

Asked for: $100,000 for 10%
Asking valuation: $1M
Result: Deal
Final deal: $100,000 for 20%
Deal valuation: $500K
Shark: Mark Cuban
Founders: Teddy Giard, Logan Lamance, and Austin Maxwell
From: -
Aired: Apr 7, 2019

Asked

$1M

Got

$500K

Would you have invested in Kanga Coolers?

The pitch

Teddy Giard, Logan Lamance, and Austin Maxwell pitched Kanga Coolers in Shark Tank Season 10, Episode 18 (aired Apr 7, 2019). They asked for $100,000 in exchange for 10% equity, valuing the business at $1M. The entrepreneurs walked away with a deal from Mark Cuban: $100,000 for 20%. That put the final valuation at $500K, 50% below what they originally asked for.