Freaker USA Shark Tank Update | What Happened to Freaker USA after Shark Tank?
What is Freaker USA? Who Founded Freaker USA?
Freaker USA is a company that specializes in the manufacture of a universal beverage insulator. The insulator is made of flexible cotton and can fit any can or bottle, keeping it chilled and your hands dry. The product was created by Zach Crain in 2011 in North Carolina.
Zach discovered his passion for knitting and began creating knitted covers for beverage containers, which he later named Freaker USA. The company was successful, being named one of the top 12 Kickstarter campaigns in 2011 and raising over $60,000 in funding.
Zach Crain founded Freaker USA in 2011 in North Carolina. It all began when Zach decided to take up knitting as a new pastime. He quickly began toying with the idea of knitting beverage container coverings.
He reasoned that designing his own version of the koozie for family and friends while also selling it to local businesses would be a profitable operation.
Freaker USA was named one of the top 12 Kickstarter campaigns of 2011 with a funding total of more than $60,000. Freaker USA is simply a knit fabric koozie for drinking containers.
The innovative device can accommodate bottles ranging in size from 12 ounces to 2 liters and anything in between. Zach comes out as a wild and colorful individual who is clearly enjoying himself in the Shark Tank.
Freakers are manufactured in Troy, North Carolina. Zach and his squad have been tasked with the job of “Freaking the World!”
What Happened to Freaker USA at Shark Tank pitch?
Zach Crain, the creator of Freaker USA, learned to make his line of knit beverage container coverings in a knitting class in Wilmington, North Carolina. He appeared on episode 406 of Shark Tank to pitch his successful Kickstarter venture to the Sharks and sought their help in marketing and distribution.
Zach was seeking a $200,000 investment for a 10% stake in his company, which was valued at $2 million.
Despite generating $350,000 in revenue and having a $50,000 surplus, the Sharks were put off by Zach’s quirky behavior during his pitch. Kevin offered Zach $200,000 for 50% equity in the company, but Zach declined.
Barbara and Robert also showed interest, but ultimately exited the pitch, while Daymond was not enthusiastic about the product.
Mark saw potential in the product but was unable to handle Zach’s unusual behavior, and he too exited the pitch, leaving Zach with no deal.
What Happened to Freaker USA after Shark Tank?
Freaker USA sells its line of knit beverage container covers at quirky boutique stores throughout the US and is expanding to college markets.
While licensing is an important aspect of the company’s strategy, Zach Crain is being cautious and only entering new distribution channels if he is confident the company can handle it. Despite his quirky appearance on Shark Tank, Zach is a savvy businessman.
In March 2013, Freaker USA established a relationship with Liberty Bottleworks, a company that produces 100% recycled aluminum bottles. This relationship led to Tim Andis, Liberty’s owner, calling Zach after he used one of their bottles during his Shark Tank presentation.
Freaker designs custom labels for Liberty’s bottles, and their products are available on their website, Amazon, and the Liberty Bottleworks website.
Unfortunately, the partnership ended less than a year later as Liberty Bottleworks employees were found to be distributing counterfeit Freakers, leading to the termination of the agreement. In 2015, Freaker introduced Freaker Feet, a line of unique socks, and Slippys, miniature Freaker designs for cups and mugs.
The company’s products can be found on their website and Amazon, and they also offer licensing deals with the NFL and DC Comics.
As of January 2022, the company continues to operate with yearly sales of $6 million.
Competitors of Freaker USA
The primary competitors of Freaker USA in the market space are; Euro Garages, Briscoe Group, Fine Hygienic Holding and Glaze Trading.
Freaker USA Net Worth
The founder of the company was looking for a $200,000 investment in exchange for a 10% ownership in the company, which was valued at $2 million at the time ($2 Million Net Worth). The company’s worth may have increased since then as it is still in operation as of January 2022 with annual sales of $6 million.
Freaker USA FAQs
What is Freaker USA?
Freaker USA is a company that makes beverage drink sleeves out of recycled knitting.
Who is the founder?
Zach Crain founded the company in 2011.
How much was Zach seeking on Shark Tank?
Zach was seeking for $200,000 for 10 percent of the business.
Did Freaker USA have the deal on Shark Tank?
No, Freaker USA had no deal with the Sharks.
Is Freaker USA still in business?
Yes, Freaker USA is still in business and has continued to grow.
Is it safe to buy from Freaker USA now?
Yes, it is safe to buy from them now because they sell products made of recycled knitting.
Where is Freaker USA headquarters?
The headquarters of Freaker USA is in Wilmington, North Carolina.
What are Freaker USA products?
Freakers are beverage drink sleeves that have been knitted over a can or bottle with colorful patterns.
How much money has Freaker USA raised?
The company has raised $60,000 on Kickstarter.
What is its revenue model?
It generates revenue through product sales and distribution.
What is the vision of Freaker USA?
Their vision is to become the global leader in fashionable beverage cozies that protect the hands from cold drinks, are durable and reusable forever.
Who is the CEO?
Zach Crain, the CEO of Freaker USA.
Where can I buy Freaker USA products?
Freakers can be bought from their website, Amazon and from small boutiques all over the US.
Which Shark did Freaker USA pitch on Shark Tank?
Tim Andis approached Freaker USA about partnering with Liberty Bottleworks to distribute their product and eventually licensing them to print the logo on bottles.
Is Freaker USA shipping?
Yes, Freaker USA shipping
How much is Freaker USA shipping cost?
Freaker USA shipping cost is only $3.00
How can I track Freaker USA order?
Customers will get a tracking code through email which will help them know the update of their package.
How long does it take for a Freaker order to ship?
The shipment takes about a week.
What is the return policy of Freaker USA?
If a customer is not satisfied with product quality, they can return their product in new condition.
How much is Freaker USA returning cost?
Returns are free with a minimum order of $25.00 order value.
Where do I find the Return address of Freaker USA?
The customers can find the return address at the bottom of the invoice.
What is the net worth of Zach Crain?
The net worth of Zach is $1.5 million.
