Brazi Bites Shark Tank Net Worth
The founder’s Shark Tank looking for a $200,000 investment in return for a 10% stake in Brazi Bites. This implies a $2 million valuation. They accepted an offer from Lori of $200,000 for a 16.5% stake thus bringing the valuation to $1.2 million.”
Brazi Bites is a company that produces Brazilian cheese bread made from tapioca flour. The company’s founder, Junea Rocha, and her husband, Cameron MacMullin, appeared on Shark Tank in Season 7 to seek investment to help grow their business.
They were seeking $200,000 in exchange for a 10% stake in the company, which would value the company at $2 million.
After giving out samples of their product, the Sharks were impressed and started making offers. Eventually, they accepted an offer from Lori Greiner, who offered $200,000 for a 16.5% stake in the company, which lowered the valuation to $1.2 million.
While the deal with Lori never materialized, Brazi Bites continued to grow and expand its distribution. In 2018, San Francisco Equity Partners purchased a majority share in the company for an undisclosed sum, which helped the company expand even further.
As of August 2021, Brazi Bites can be found in many supermarkets and wholesale club shops across the United States, as well as on Amazon. The company’s annual revenue is estimated to be around $12 million.
What is Brazi Bites and Who is the Founder of Brazi Bites?
Brazi Bites is a snack product inspired by the Brazilian dessert Po de Queijo. It is made with natural, non-GMO ingredients and is free of gluten, soy, preservatives, trans fat, and sugar.
The product comes in five different flavors: Cheddar Parmesan, Garlic Asiago, 3-Cheese Pizza, Classic Ranch, and Cinnamon Churro.
Junea Rocha, who is originally from Portland, Oregon, is the founder of Brazi Bites. She created her own version of Brazilian Cheese Bread based on a family recipe that could be made with readily available ingredients when she came to the United States.
After months of culinary trial, she and her husband Cameron produced the perfect cheese bread that they presented to a local food expo, where they sold out within hours. From there, the Brazi Bites company was born.
Today, Brazi Bites are available in hundreds of retail locations across the United States, including Whole Foods, Bristol Farms, and Wegmans. All you have to do is bake them for 20 minutes and they are ready to serve.
Brazi Bites Shark Tank Pitch
In November 2015, Cameron and Junea pitched Brazi Bites on season 7 episode 9 of Shark Tank, requesting a $200,000 investment in exchange for a 10% stake in the company, implying a $2 million valuation.
They showcased their cheese bread, made with all-natural, gluten-free ingredients, and informed the Sharks that they had achieved $60,000, $200,000, and $600,000 in revenue over the last three years, respectively.
The Sharks were impressed, and there was a bidding war between them. Ultimately, Daymond and Kevin made a deal with Cameron and Junea for $200,000 in exchange for a 20% stake in the company.
However, the deal with Lori never came to fruition, and the Brazi Bites website crashed following the show’s airing, due to the “Shark Tank effect.”
Nevertheless, Brazi Bites persevered, and two years later, the company secured a contract with Target. In July 2018, San Francisco Equity Partners purchased a “majority share” in the firm, although the financial details were undisclosed.
Today, Brazi Bites can be found in most grocery stores and on Amazon, generating an annual revenue of $12 million.
Brazi Bites Shark Tank Summary Table:
| BRAZI BITES | |
| Founder | Junea Rocha |
| Product | Cheese bread snack |
| Shark Tank pitch | Season 7, Episode 9 |
| Investment | $200,000 for 16.5% |
| Valuation | $1.2 million |
| Revenue | $12 million annually |
| Competitors | Food Should Taste Good, Hippeas, Kingsmill Foods, Perdigao, Sahale Snacks, Udi and ShaSha Bread |
| Updates | Available in many supermarkets, including Whole Foods and Wegmans, as well as on Amazon. Company sold majority stake to San Francisco Equity Partners in 2018. |
Note: Brazi Bites appeared on Shark Tank seeking a $200,000 investment for a 10% stake, which implied a $2 million valuation. However, they accepted an offer from Lori Greiner for a $200,000 investment for a 16.5% stake, which lowered the valuation to $1.2 million.
Brazi Bites Net Worth
The founder’s Shark Tank looking for a $200,000 investment in return for a 10% stake in Brazi Bites. This implies a $2 million valuation. They accepted an offer from Lori of $200,000 for a 16.5% stake thus bringing the valuation to $1.2 million.
Brazi Bites Competitors
Top Competitors of Brazi Bites are as follows; Food Should Taste Good, Hippeas, Kingsmill Foods, Perdigao, Sahale Snacks, Udi and ShaSha Bread.
Brazi Bites Shark Tank Updates
Brazi Bites is a line of cheese bread snack products based on the Brazilian traditional dessert Pao de Queijo. The product is gluten-free and comes frozen. Brazi Bites are available in the freezer sections of many retail locations, including Wegmans, Bristol Farms, and Whole Foods, among many others.
The product is baked in the oven for twenty minutes before consumption.
Brazi Bites appeared on Shark Tank Season 7 and made a deal with Lori Greiner. However, the deal with Lori never got past the due diligence stage. The founders of Brazi Bites sold a majority stake in their brand in 2018, which allowed them to get into most grocers throughout the country.
By 2021, Brazi Bites were available in most supermarkets across the United States. They are also sold on Amazon, where they are highly rated, with many customers praising the snacks for their taste.
Brazi Bites completed large orders with Costco and other stores after appearing on Shark Tank and getting an investment from Lori Greiner. After appearing on Shark Tank for two years, Brazi Bites announced a massive partnership with Target in October 2017.
The company has grown into a 5000 square foot production facility with over 15 employees. Brazi Bites are a staple in freezer aisles of grocery stores and households across the country.
Brazi Bites FAQS
What Is Brazi Bites?
Brazi Bites is a brand that offers Brazilian Cheese Bread and Empanadas made with simple, wholesome ingredients. The bread is based on a family recipe from Brazil and uses a blend of fresh cheese, eggs, and milk with nothing artificial added.
The bread is naturally gluten-free as it is made with tapioca flour. Brazi Bites was founded by Junea and Cameron who pitched the brand on ABC’s Shark Tank in 2015 and sold out nationwide. The brand has since added new flavors of Empanadas and a sweet option called Cinnamon Churro.
Brazi Bites products are available in grocery store freezer aisles across the United States. The Brazilian Cheese Bread comes in different flavors such as Garlic Asiago and 3 Cheese Pizza. Customers can also find Brazi Bites products online and have them delivered to their door.
Customers have praised the brand for its delicious taste and convenience, with some saying it is a great snack to pop in the oven for parties or just to snack on.
How Does Brazi Bites Works?
Brazi Bites is a brand that offers Brazilian Cheese Bread, a snack made with tapioca flour that is naturally gluten-free. The recipe is based on the founder’s family recipe from Brazil and uses fresh cheese, eggs, and milk with no artificial ingredients.
The bread is crispy on the outside and fluffy on the inside, and it takes only 20 minutes in the oven to bake. Brazi Bites come in four flavors: Cheddar & Parmesan, Garlic Asiago, 3 Cheese Pizza, and Cinnamon Churro.
Brazi Bites gained popularity after being featured on an episode of Shark Tank in 2015. The brand was founded by a husband-and-wife team, Junea Rocha and Cameron MacMullin, who were inspired by their family cheese bread recipe from Brazil. Brazi Bites are available in an 11.5-ounce bag of 18 pieces for $4.99 at many Target stores, as well as some Vons, Bristol Farms, Whole Foods, and Sprouts markets. A 36-ounce bag of 62 pieces of the Cheddar & Parmesan variety is $12.49 at Costco stores.
Brazi Bites is on a mission to revolutionize the freezer aisle with flavors that delight and deliver the ease of freezer-to-oven baking. The brand incorporates simple, wholesome, naturally gluten-free ingredients made with zero preservatives.
Brazi Bites is a freezer essential perfect for those meaningful family moments, from snack time to dinner time.
What Happened To Brazi Bites After Shark Tank?
Brazi Bites is a company that produces frozen Brazilian cheese bread. The founders, Cameron MacMullin and Junea Rocha, appeared on Shark Tank in season 7, asking for $200,000 in exchange for a 10% stake in the company.
The sharks loved the product, but they hit a snag when they learned that the founders only owned 50% of the company. Lori Greiner ultimately convinced them to partner with her, and they accepted $200,000 from her for a 16.5% stake.
After appearing on Shark Tank, Brazi Bites saw a major spike in revenue. Brazi Bites grew to 50 times its value in the six years between 2014 and 2021, with $30 million in revenue in 2021.
The company completed large orders with Costco and other stores after appearing on Shark Tank and getting an investment from Lori Greiner. In 2016, the company’s revenue increased to $8.5 million from less than $1 million the year before.
Two years after the original air date, they did a deal with Target. In July 2018, the company sold a “majority stake” in the business to San Francisco Equity Partners.
Brazi Bites is now a staple in freezer aisles of grocery stores and households across the country, with an annual revenue of about $12 million. The company has grown into a 5000 square foot production facility with over 15 employees, and Brazi Bites are available in New Seasons, Wegman’s, and on Amazon.
What Is The Current Valuation Of Brazi Bites?
Brazi Bites’ net worth as of 2022 is 27 million USD. However, there is no information on the current valuation of the company. Information on the funding and investors of Brazi Bites, but there is no mention of the company’s valuation.
Brazi Bites has raised a total of $260K, but again, there is no information on the current valuation of the company.
It is important to note that net worth and valuation are not the same thing. Net worth is the value of a company’s assets minus its liabilities, while valuation is the process of determining the current worth of a company.
Therefore, while we know Brazi Bites’ net worth, we do not have information on its current valuation.
Is Brazi Bites Still In Business?
Yes, Brazi Bites is still in business. In 2018, the founders sold a majority stake in the company to San Francisco Equity Partners. This allowed the company to expand and get into most grocers throughout the country.
Brazi Bites are now sold in hundreds of retail locations, including Costco, Target, Whole Foods Market, and Wegmans. They are also available on Amazon. The company generates $12 million in annual revenue as of 2022.
What is Brazi Bites?
Brazi Bites is a gluten-free, 100% natural, cheese bread snack similar to a cheese puff.
How much were they seeking in the Shark Tank?
They were seeking $200K in return for a 10% stake in their Company.
Did they get a deal from the Sharks?
They pitched their Brazi Bites cheese bread and got a deal from Lori Greiner of $200K for 16.5% stake in the business.
Where are Brazi Bites made?
Brazi Bites are made in Portland, Oregon.
What episode of Shark Tank was Brazi Bites?
They were featured in Season 7 Episode 9 of the show.
What happened to Brazi Bites?
Brazi Bites, a Portland-based frozen snack food company, has sold a controlling ownership to a San Francisco-based private equity group.
Are Brazi Bites authentic?
Brazi Bites was established on a genuine family recipe made from basic, healthful ingredients. They only utilize the best, hand-picked ingredients and nothing fake.
Their Brazilian Cheese Bread and Empanadas are inherently gluten-free since they are prepared with tapioca flour.
What are Brazi Bites made of?
Tapioca Flour, Eggs, Milk, Parmesan Cheese (Parmesan Cultures, Salt, Enzymes), High-Oleic Safflower Oil, Cheddar Cheese (Pasteurized Milk, Salt, Cheese Cultures, and Cellulose to Prevent Caking), Filtered Water, Salt.
Where can they buy Brazi Bites products?
Their products may be found in the freezer area of thousands of supermarket stores across the United States and Canada.
How do they make Brazi Bites?
Preheat the oven to 400 degrees Fahrenheit (200 degrees Celsius). Do not defrost before baking.
On a baking sheet, space frozen bits 1″ apart (lightly grease or use parchment paper). Bake for approximately 20 minutes, or until brown.
When was Brazi Bites founded?
Junea Rocha is the CEO and co-founder of Brazi Bites. In 2010, she and her spouse founded the firm.
Are Brazi Bites vegetarian?
Gluten-Free Brazi Bites 3 Cheese Pizza | Vegetarian Frozen Bread Snacks | Soy-Free | No Artificial Ingredients | No Preservatives | 11.5 oz. pouches (12-pack).
Can they microwave Brazi Bites?
They do not advocate using a microwave to cook their items. The dough will not rise correctly, and they will most likely be unhappy with the outcome.
Are Brazi Bites doughy?
The Brazi Bites must be kept frozen; when placed on a cookie sheet to bake, they resemble little discs.
After baking, they become beautiful brown, fluffy, and doughy cheese balls. These can be served as an appetizer, a side dish, or as a fast snack.
Are Brazi Bites gluten-free?
Brazi Bites are gluten-free (made from tapioca flour), nut-free, soy-free, sugar-free, and trans-fat-free. They bake in 20 minutes from freezer to oven.
Are Brazi Bites completely cooked?
Yes. They can create delectable Brazi Bites Cheese Bread and Empanadas in 15 minutes or less using an air fryer.
They recommend baking them at 340°F for 15 minutes to get the perfect crust.
Are Brazi Bites free of dairy?
Dairy Free Brazilian Cheese Breads, commonly known as Po de Queijo, can make every supper unique.
Because they are produced with tapioca flour, they are naturally gluten-free and grain-free. They are also known as Brazilian Cheese Bread or Brazi Bites.
Can Brazi Bites be reheated?
After cooking, these Brazi Bites retain their crispiness. If they have any leftover bites, they may place them in a zip lock container and store them in the fridge. In a low oven, they reheat well.
What is the calorie count of Brazi Bites Cheddar & Parmesan, Brazilian Cheese Bread?
The calories in Brazi Bites Cheddar & Parmesan, Brazilian Cheese Bread are 130.0.
Are Brazi Bites nut free?
Their production line is entirely dedicated to their products and is nut-free.
What payments do they accept?
They accept PayPal, Apple Pay, and all major credit cards.
Do they ship internationally?
Currently, they can only send things within the continental United States. At the moment, they do not ship to Alaska, Hawaii, or Puerto Rico.
What is the net worth of Junea Rocha?
There is no update about her net worth.
