Kanga Cooler Net Worth
Kanga Cooler, founded by Logan LaMance, Austin Maxwell, and Teddy Giard, has a net worth of approximately $3 million as of March 01, 2023. The company was featured on Shark Tank in April 2019 and received an investment of $100,000 for 20% equity from Mark Cuban.
Kanga Coolers are available for purchase on their website www.kangacooler.com for $29.95 for a 12-pack or $34.95 for a 24 or 30-pack of drinks. The company is estimated to be generating about $3 million in sales per year and has seen rapid growth since the episode aired.
What is Kanga Cooler and Who founded Kanga Cooler?
Kanga Coolers is a company that produces soft-sided coolers that keep a six-pack cold for up to seven hours without ice. The company was founded by Logan Lamance, Austin Maxwell, and Ryan Frazier in May 2017.
The three co-founders were students at Clemson University when they designed the first Kanga Kase Mate, an oversized koozie that can fit a case of beer. They realized that traditional coolers were not cutting it and that there was a more convenient way to keep a case of cold beer cold while on the go.
Logan Lamance became the CEO of Kanga Coolers, while Teddy Giard and Austin Maxwell took over as Head of Media & Branding and Head of Sales, respectively.
The company’s flagship product is the Kase Mate, which is a soft cooler that fits around a 12-pack case of beer or soda, keeping the contents cold without ice for up to seven hours. The company has a line of iceless coolers sold online and in 4,000 brick-and-mortar locations, including Ace Hardware.
Kanga is slang for kangaroo, and it’s also an e-commerce brand that sells beverage cooling accessories. The marsupial is also the brand’s mascot, and co-founder Teddy dressed up as a kangaroo for the company’s Shark Tank pitch.
The company has been featured in Forbes’ 30 Under 30 list, and the co-founders have been recognized for their line of iceless coolers and products.
Kanga Cooler Shark Tank pitch
Following a successful Kickstarter campaign that raised $34,295 in early 2018, Kanga Cooler began offering its beverage coolers, the Pouch and the Kase Mate, for sale.
The company currently sells packs of 12 for $29.95 and packs of 24 or 30 for $34.95 on its website, with various colors and patterns available, as well as the option for custom designs.
In April 2019, the founders of Kanga Cooler appeared on Shark Tank seeking an investment of $100,000 for a 10% stake in the company. The Sharks were impressed with the company’s profit margins, which showed each unit cost $9.60 to produce and $29.99 to sell.
The company also received a substantial purchase order of $16,000 from Anheuser Busch, with the possibility of a 10,000-unit order if sales were successful.
Mark Cuban made an offer of $100,000 for 20% of the business, which was accepted by the Kanga Cooler team.
Mark Cuban’s partnership with the company is still ongoing, and Kanga Cooler has since become a limited liability company (LLC) and moved into new corporate headquarters called “The Fun Factory,” which features a half-pipe.
The company has been successful, with hundreds of orders placed after the show first aired and annual revenue of $3 million as of June 2021.
The net worth of kanga Cooler
Kanga Cooler’s net worth in 2021 is on track to surpass $3 million.
Competitors of Kanga Cooler
There are many competitors in the beverage cooler industry. Some of the main rivals of Kanga Cooler includes:
Beverage Chillers
A Kanga Cooler is designed to keep beverages cool in warm weather, with or without the use of ice, whereas a beverage chiller must be used with ice to achieve the desired cooling effect.
Phresh Cooler
Phresh Cooler is a portable drink cooler that features a filter to keep water clean. The drinks can be kept cold or warm for up to 24 hours.
Kelty Chillers
Kelty Chillers are made from a durable plastic and a cooler bag for keeping bottles cool. They come in 48-pack sizes and even larger ones.
Yeti Cooler
Yeti produces big coolers that can keep canned beverages cold, some of which even come equipped with wheels, making it easy to transport them to outdoor events or camping locations.
Kanga Cooler Shark Tank Updates
Kanga Cooler is a beverage cooler company that appeared on Shark Tank in March 2019. The company was founded by three Clemson University students who created a soft insulated cooler to transport and keep beverages cold.
The cooler, called Kase Mate, is an insulated sleeve that wraps around a pack of beer or soda cans and keeps them cold for up to seven hours. Kanga was seeking an investment of $100,000 in exchange for 10% equity and secured a deal with Mark Cuban for $100,000 for 20% equity.
Since appearing on Shark Tank, Kanga has been successful in making its mark in a short amount of time. The company’s wholesale operations have been impressive, and the appearance on Shark Tank has helped to increase its visibility. As of 2023, there have been no further updates on Kanga Cooler’s progress or expansion plans.
Kanga Cooler Shark Tank Summary:
| TOPIC | INFORMATION |
| Founders | Logan Lamance, Austin Maxwell, and Ryan Frazier |
| CEO | Logan Lamance |
| Head of Media | Teddy Giard |
| Head of Sales | Austin Maxwell |
| Products | Soft-sided coolers that keep a six-pack cold for up to seven hours without ice, with flagship product being the Kase Mate |
| Price | $29.95 for a 12-pack or $34.95 for a 24 or 30-pack of drinks |
| Sales | Estimated to be generating about $3 million in sales per year and has seen rapid growth since the episode aired |
| Net Worth | Approximately $3 million as of March 01, 2023 |
| Shark Tank | Appeared on Shark Tank in April 2019 and received an investment of $100,000 for 20% equity from Mark Cuban |
| Competitors | Beverage Chillers, Phresh Cooler, Kelty Chillers, Yeti Cooler |
| Updates | Since appearing on Shark Tank, Kanga has been successful in making its mark in a short amount of time. There have been no further updates |
FAQS of Kanga Cooler
What Is Kanga Cooler Shark Tank?
Kanga Cooler is a brand of soft insulated coolers designed to transport and keep beverages cold. The Kanga Cooler was created by three Clemson University students, Logan LaMance, Austin Maxwell, and Teddy Giard, who were inspired by koozies and set out to make one big koozie for a case of beer.
The Kanga Cooler can fit 12, 24, and 30 packs of beverages, and without ice, it can keep beverages cold for up to five hours.
The Kanga Cooler was pitched on Season 10 of Shark Tank in March 2019. The entrepreneurs asked for $100,000 in exchange for 10% equity and accepted a deal with Mark Cuban for $100,000 in exchange for 20% equity.
The Kanga Cooler has been operating for about six months at the time of the Shark Tank episode.
It is unclear what happened to the Kanga Cooler after Shark Tank. However, the Kanga Cooler was created to act as an insulator for entire packs of beer or soda, keeping them cool without lugging around a hefty cooler.
How Does Kanga Cooler Shark Tank Works?
Kanga Cooler is a beverage cooler that was pitched on Shark Tank by its co-founders Logan LaMance, Austin Maxwell, and Teddy “Hops” Giard. The Kase Mate is an insulated sleeve that wraps around a pack of beer or soda cans and keeps it cold for up to seven hours.
The co-founders demonstrated how the Kase Mate works by bringing beer to the investors of Shark Tank. Mark Cuban invested $100,000 in Kanga Cooler, and the co-founders left with a deal.
After appearing on Shark Tank, Kanga Cooler gained popularity and was featured in several publications. The Kase Mate is still available for purchase on the Kanga Cooler website and on Amazon.
The Kase Mate comes in different sizes and colors and can fit different types of cans and bottles. The Kase Mate is made of high-quality materials and is designed to be durable and long-lasting.
What Is The Current Valuation Of Kanga Cooler Shark Tank?
Kanga Cooler, a company founded by Logan LaMance, Austin Maxwell, and Teddy Giard, appeared on Shark Tank in April 2019 and received an investment of $100,000 for 20% equity from Mark Cuban. As of March 01, 2023, Kanga Cooler has a net worth of approximately $3 million.
The company is estimated to be generating about $3 million in sales per year. Kanga Coolers are available for purchase on their website for $29.95 for a 12-pack or $34.95 for a 24 or 30-pack of drinks.
Kanga Cooler was only operating for about six months at the time of the Shark Tank pitch in Season 10. The sharks were eager to hear about the company’s lifetime sales numbers, and it turns out that Kanga had.
After launching Kanga as a brand, the entrepreneur trio focused on developing their e-commerce site and wholesale network. In the first six months, they.
In summary, Kanga Cooler has a net worth of approximately $3 million as of March 01, 2023, and is estimated to be generating about $3 million in sales per year. The company received an investment of $100,000 for 20% equity from Mark Cuban on Shark Tank in April 2019.
What Happened To Kanga Cooler Shark Tank?
Kanga Coolers is a brand of soft insulated coolers that can keep beverages cold for up to five hours without ice. The company was founded by three Clemson University students who were inspired by koozies and set out to make one big koozie for a case of beer.
Kanga Coolers appeared on Season 10 of Shark Tank in March 2019, seeking an investment of $100,000 in exchange for 10% equity. The co-founders demonstrated their product by offering beer to the investors, and they left with a deal from Mark Cuban, who invested $100,000 for 20% equity.
There is no recent update on Kanga Coolers after Shark Tank. The latest information available is from Shark Tank Season 10, which aired in 2019. However, Kanga Coolers is still in business and selling its products on Amazon.
Before appearing on Shark Tank, Kanga Coolers won a large purchase order from one of the world’s largest beverage manufacturers. The company has generated over $100,000 in sales, with about 30% of sales coming from a single order.
Who owns Kanga cooler?
Logan LaMance is the CEO and founder of Kanga Coolers.
How many Kanga coolers are available in the market?
Kanga Cooler is available in a number of colours and patterns. In addition, they offer bespoke coolers.
How much Kanga cooler cost?
Kanga coolers are very reasonable when compared to other beverage coolers in the market. You can purchase them from their website www.kangacooler.com for $29.95 for a 12 pack or $34.95 for a 24 or 30 pack of drinks.
What is Kanga Cooler Shark Tank Update?
Kanga Cooler secured a deal with billionaire Mark Cuban on Shark Tank for $100,000 in exchange for 20% equity in the company.
The founders Logan LaMance, Teddy Giard and Austin Maxwell were excited and grateful to have Mark as their business partner.
How many stores sell Kanga Cooler?
Kanga Coolers are available at KangaCooler.com, Amazon, and Bed Bath & Beyond.
How old is Kanga Cooler?
Kanga Coolers was founded on early 2018
What is Kanga Cooler mission?
The mission of Kanga Cooler is to provide quality coolers for transporting drinks which keeps drinks nice and cold or warm without leaking or sweating.
How much did Kanga Cooler generate in revenue?
The company is generating $3 million revenue in a year.
What is the name of Kanga Coolers CEO?
Logan Lamance is the founder and CEO of Kanga Coolers.
What are the different sizes of Kanga Cooler?
Kanga Coolers are available in a variety of sizes. The coolers can be customized according to your needs.
Where is Kanga Cooler located?
Kanga Cooler.com is based out of Clemson, South Carolina
What episode is Kanga Coolers on Shark Tank?
Kanga Coolers is featured on season 10 episode 18 on Shark Tank
When was Kanga Cooler Shark Tank season 10 episode 18 air?
Kanga Coolers is featured on Shark Tank season 10 episode 18 that aired on April 1, 2019.
How to contact Kanga Cooler?
If you want to contact the company, you can reach them over email at [email protected], or at the Website www.kangacooler.
