Clean Bottle Net Worth
Clean Bottle appeared on Shark Tank in 2012 with a valuation of $1.2 million. After an investment by Mark Cuban, the company’s net worth dropped to $750,000. As of 2023, Clean Bottle has an annual revenue of $4 million and a net worth of $4 million.
In December 2018, Clean Bottle was purchased by Split Peak LLC for an undisclosed amount. The company has expanded its product line to include steel tumblers and coffee mugs.
Clean Bottle earned approximately $750,000 in sales following its appearance on Shark Tank. The company acquired distribution in several places and earned $70,000 every two weeks.
The simple yet effective product caught Mark Cuban’s attention and he invested $60,000 in the company for an 8% ownership share. His involvement in the sports industry helped boost the company’s sales after his investment.
Clean Bottle is still in business as of November 2021 with an annual revenue of $4 million.
What is a Clean Bottle? Who is the founder of Clean Bottle?
Clean Bottle is a water bottle that can be reused and has two removable ends that make it easier to clean.
David Mayer, who is based in Boston, Massachusetts, is the founder of Clean Bottle. Prior to starting Clean Bottle, he worked for companies such as Goldman Sachs, Juniper Networks, and Cisco.
After realizing that he had used up all his funds on the venture and lacked the funds to market his products, David came up with a unique marketing strategy.
David obtained patents to prevent other companies from copying his design, meaning that the bottles could only be manufactured by his company. He chose the Tour de France as an event that would give Clean Bottle the exposure it needed to succeed.
David even dressed up as the Clean Bottle mascot and appeared with the motorcyclists, which provided Clean Bottle with international attention.
As a result of this strategy, Clean Bottle generated approximately $700,000 in sales, with the company earning $70,000 in two weeks. This also led to the product being stocked in various locations. David sold the company in 2018 and currently serves as the Vice President of Operations and Marketing at AllStripes.
Clean Bottle Shark Tank pitch
During the third season of Shark Tank, Clean Bottle’s founder, David Mayer, presented his business to the Sharks in the hopes of securing a partnership and expanding his company.
Mayer requested $60,000 for a 5% stake in his company, which he valued at $1.2 million. Mayer showcased his Clean Bottle invention, highlighting how the entire bottle is washable due to the removable nozzle.
The Sharks were intrigued by the product, and Mayer revealed that he planned to create a steel bottle line that would cost approximately $60,000.
However, negotiations became intense, and the Sharks attempted to negotiate a deal with Mayer. Eventually, Mark Cuban made the best offer, and Mayer agreed to a deal, leaving the pitch with a partnership.
After appearing on Shark Tank, Clean Bottle experienced significant growth. The deal with Mark Cuban was finalized, and the company now offers a variety of styles in both plastic and stainless steel, as well as accessories to expand its market reach.
The company has also expanded its product line to include steel tumblers and coffee mugs. In December 2018, Clean Bottle was acquired by Split Peak LLC, a private investment company based in Boca Raton, Florida, for an undisclosed amount. As of November 2021, Clean Bottle has an annual revenue of $4 million.
Net Worth of Clean Bottle
The Clean Bottle company was assessed at $1.2 million during the pitch, but after an investment by Mark Cuban, the value dropped to $750,000. As of 2021, the company’s net worth is estimated to be $10 million.
Clean Bottle FAQs
What is Clean Bottle?
Clean Bottle is a cleaning products company. The product is a patented flexible and washable bottle.
Who is the founder?
The company was founded in 2008 by David Mayer. David Mayer is the product’s inventor and the founder of Clean Bottle.
How much was asking on Shark Tank?
Mayer was asking for $60,000 for a share of 5% equity in the company, it was valued at $1.2 million when he asked for the investment.
Did he have the deal?
Yes he did and exited as a Shark Tank winner!
How much was the deal?
Mark Cuban offered $60,000 for 8% equity shares of the company.
Is clean bottle still in business?
Clean Bottle is currently available in over 5000 locations throughout the US and in six countries, offering a wide range of bottles and hydration solutions for cyclists, hikers, runners, yoga, crossfit, and others.
Clean Bottle now provides custom printing on all of its bottles, making them ideal for corporate events, celebrations, and promotions.
What is Clean Bottle’s phone number?
The company can be reached directly at [email protected]cleanbottle.com.
What is the company’s annual revenue?
The company’s annual revenue was $4 million in 2021.
Where is Clean Bottle bottles sold?
Clean Bottle bottles are sold in the US and internationally.
What happened clean bottles?
Split Peak LLC, a private investment business located in Boca Raton, FL, has purchased Clean Designs LLC, the parent company of Clean Bottle. Clean Bottle now provides custom printing as well.
Is my bottles dishwasher safe?
It is conditional. The plastic bottles may be washed in the top rack of a dishwasher. Hand-washing the stainless steel bottles are recommended to guarantee that the vacuum insulation remains intact and effective.
Do your bottles come with a warranty?
Yes! They provide a three-year limited warranty that covers any manufacturing faults; please contact them at [email protected] for more information. Please bear in mind that this guarantee excludes regular wear and tear.
What is the net worth of David Mayer?
David Mayer was worth around 1.5 million.