The Ice Cream Canteen is a San Francisco, California, USA-based startup that sells Consumer Goods. The Ice Cream Canteen appeared in Shark Tank USA Season 14 Episode 18. The pitch was presented by founder Jordan Stern. They were there to seek $100K in exchange for 5% equity.
What does The Ice Cream Canteen do?
The Ice Cream Canteen sells a vacuum-insulated container that keeps ice cream frozen for hours. Its copper-lined, double-wall insulation can maintain frozen ice cream for up to 4 hours on its own and up to 8 hours when placed in a cooler. It fits any standard pint of ice cream and is portable which makes it perfect for picnics, BBQs, the beach, movies or lake days. The watertight silicone gasket ensures no leaks and it even helps keep hands warm while enjoying your ice cream.
Company |
The Ice Cream Canteen |
Founder |
Jordan Stern |
Founded in |
2018 |
Headquarter |
San Francisco, California |
Industry |
Consumer Goods |
Sales |
$450K net at the time of the pitch |
Profitability |
Yes |
Valuation |
$2 million |
Shark on Board |
Lori Greiner and Mark Cuban |
Asked Investment |
$100,000 for 5% Equity |
Raised Investment |
$100,000 for 20% + $200,000 line of credit |
Website |
https://www.theicecreamcanteen.com/ |
Conclusion
The founder of The Ice Cream Canteen presented a wholesome pitch on Shark Tank USA Season 14. The sharks appreciated the innovative product of the startup and saw its potential. Shark Kevin, Mark and Lori expressed interest in making an investment. The sharks ended up debating among themselves to convince Jordan. Ultimately, Jordan accepted the offer from Lori and Cuban after they pressured him to make a quick decision. Since the deal in summer 2022, Jordan has partnered with Salt and Straw to sell branded canteens and works with small shops nationwide. The product now offers custom laser engravings and a new version, Ice Cream Canteen 2.0. The new version of the product features an easier-to-open lid. By July 2024, the company was generating $1.8 million in annual revenue.
Explore Shark Tank USA Season 16 Episode 06.
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