Chill Systems Cooler Shark Tank Net Worth 2023
Chill Systems Cooler Shark Tank Net Worth
As of 2023, Chill Systems is worth approximately $1 million, although it is unclear if the company is still in business.
Chill Systems is a lightweight, eco-friendly, portable beverage chiller founded by Chase Mitchell and Brian Bloch.
The company was featured on Shark Tank in Season 12 Episode 17, where the founders asked the Sharks for $150,000 for 15% equity. However, they did not receive any deals from the Sharks due to their doubts about the business idea.
Since then, Chill Systems has been featured by several media publications including Yahoo Sports, NBC, BuzzFeed, and Inc..
What is Chill Systems Cooler? Who is the founder of Chill Systems Cooler?
Chill Systems Cooler is an eco-friendly, lightweight and durable cooling solution with freezing gel within its walls and an outer coating that creates an ice chamber to keep your drinks chilled.
The compact size, similar to that of a football, can cool up to 12-16 ounce cans or a 750-ml wine bottle using the wider aperture on the side.
The concept was developed by college friends, Chase Mitchell and Brian Bloch, who recognized the need for a practical and portable method for cooling beverages.
Before joining Chill, Chase was a sales associate at Google, while Brian worked in finance, including at Apple Finance, and founded a startup-focused management consulting business called Elbay Endeavors.
The coolers are constructed as rigid tubes filled with a freezing substance, and come with a carrying strap in a variety of colors and patterns.
They also offer a transport pack and insulated cooler bags with the same no-ice technology. Depending on color and design, the chillers range from $49.95 to $59.95, while the pack and bag are both $69.95.
Chill Systems successfully launched a Kickstarter campaign in August 2018, which raised $53,172 and was able to ship by Christmas that year, though some supporters did not receive their orders in time.
Nowadays, Chill Systems primarily sells promotional items on their website, Amazon, and wholesale.
Chill Systems Cooler Shark Tank pitch
Chase Mitchel and Brian Bloch present their iceless coolers, Chill Systems, to potential investors on episode 1216 of Shark Tank. Their hope is to secure financial backing for inventory and retail expansion.
During their pitch, they demonstrate the convenience of their product by showcasing a Chill System cooler while Brian struggles with a traditional cooler and ice bag.
The entrepreneurs offer a 15% stake in their $1 million company for $150,000.
The Sharks are unimpressed with the sustainability argument and express concerns over the competition from alternative coolers with built-in chillers that can hold more beverages.
Despite the company’s claim that the product only costs $18 to produce and that ice is their main rival, none of the Sharks are convinced.
As a result, none of the Sharks invest, and the entrepreneurs leave the pitch without a deal.
The episode was rebroadcast in July 2021, less than four months after its initial airing, but the result remained the same.
However, the company is still operating and actively promoting its products on social media. As of January 2022, Chill Systems has an annual revenue of over $4 million.
Competitors of Chill Systems Cooler
The primary competitor of Chill Systems Cooler is Ice.
Net Worth of Chill Systems Cooler
The company valuation was $1 million during and after the pitch, since then the company have been performing well in sales with annual revenue of over $4 million as of January 2022 and hence the company net worth should be high.
Chill Systems Cooler FAQs
What is Chill Systems Cooler?
Chill Systems Cooler is lightweight, long-lasting coolers built from recyclable materials. They have freezing gel within its walls as well as an outside coating that forms an ice chamber to keep your beverages chilled.
Who is the founder?
Chase Mitchell and Brian Bloch founded Chill Systems Cooler. Chase worked as a sales associate at Google before to joining the Chill. Brian has had a variety of finance roles, including one at Apple Finance.
Brian is also the founder and owner of Elbay Endeavors, a management consulting business that works with start-ups. That experience was most likely highly beneficial in the development of the Chill Systems company.
How much were they seeking on Shark Tank?
They were seeking for $150,000 in exchange for 15% stake in their firm, which was worth $1 million.
did they have the deal on Shark Tank?
No, they didn’t have a deal on Shark Tank.
Is Chill Systems Cooler still in business?
Yes, Chill Systems Cooler is still running. They have annual revenue of $4 million as of January 2022.
Where is Chill Systems Cooler located?
They are located in Nashua, New Hampshire.
What is the Chill Systems Cooler website?
The website is https://chillsystems.com/
How much was the revenue of Chill Systems Cooler?
The revenue they have been generating increased significantly during the Shark Tank episode and is now over $4 million.
Where can I buy Chill Systems Cooler?
Customers can buy it now at Amazon, JCPenney, Walmart, Kohl, Amazon and other retail stores.
How much does Chill Systems Cooler cost?
A standard chiller costs $49.95 to $59.95, depending on the design and color of the tube. An insulated cooler pack costs $69.95.
Customers can choose from a variety of colors for both items, as well as several design patterns for the chiller itself.
Is there any particular product that you can consider?
Chill Systems Cooler offers a range of products from which customer can choose, they are: Original Chill System, Chill System Pack and bag, Chill Barz and Ice Barz.
How big is Chill Systems Cooler?
Chill Systems, which is roughly the size of a football, can cool 12-16 ounce cans at a time or one 750-ml wine bottle on the side with the wider aperture.
Is Chill Systems Cooler shipping?
Yes, they ship to over 175 countries.
How long will it take to get my purchase?
If customers choose standard delivery, it will take between 3-10 days. Customers who choose standard shipping outside the US may experience a longer delivery time. International customers should allow for 20 business days for their package to arrive.
How do I pay for Chill Systems Cooler?
The payment of Chill Systems Cooler is online only and supported by PayPal, credit card and debit card.
What is the return policy for a purchase?
Customers can return an item in 30 days from the date of delivery. If customers are not satisfied with their purchase, they can return it for a refund or exchange.
What is the benefit of Chill Systems Cooler?
Chill Systems Cooler is a lightweight, long lasting cooler built out of recyclable materials. They have freezing gel within its walls as well as an outside coating that forms an ice chamber to keep the beverages chilled.
Does Chill Systems Cooler work?
Yes, this product really works, customers can testify and testify to the fact how effective it is, it keeps the drink cold for quite a bit of time and that is what Chill Systems Cooler offers so.
What is the freezing point of Chill Systems Cooler?
The freezing point of the chiller is about -34°C, which is well below freezing to prevent any freezing.
What’s the difference between Chill Systems Cooler and other coolers?
Chill Systems Cooler offers a lightweight, long-lasting cooler built from recyclable materials. They have freezing gel within their walls as well as an outside coating that forms an ice chamber to keep your beverages chilled.
What is the net worth of Chase Mitchell?
Chase Mitchell has a net worth of approximately $1.5 million.
What is the net worth of Brian Bloch?
Brian Bloch’s net worth is not available.
