The Bear and The Rat Shark Tank Net Worth 2023
Matt and Meg appeared on Shark Tank season 4 episode 7 seeking an investment of $125,000 for a 20% stake in their company which would equate to a pre-money valuation of $625,000.
This current valuation is significantly higher than the amount they are asking for from the Sharks, indicating that their business has grown in value since it was first launched.
What is The Bear and The Rat?
The Bear and The Rat is a company that produces frozen snacks for dogs and cats, specifically designed to be gut-friendly. Each cup contains prebiotics and digestive enzymes that aid in healthy digestion, leading to improved stools and reduced gas.
Their “dog ice cream” yogurt is perfect for puppies with sensitive stomachs, and they offer frozen goat milk yogurt supplements that benefit both cats and dogs. These ready-to-eat snacks don’t require any mixing or measuring, which means no mess.
The Bear and The Rat use authentic ingredients like peanut butter, Applewood smoked bacon, and banana to create their delicious and nutritious treats.
The company was founded by husband and wife duo, Matt and Meg Meyer, in 2010. They named the treats after their rat terrier Laika, known as The Rat, and their Lhasa Apso Quimby, known as The Bear. The frozen yogurt is of human quality but specially formulated for dogs.
The Bear and The Rat’s products have been approved by an animal nutritionist and a veterinarian, and their range of flavors such as “Bacon Peanut Barker,” “Banana Peanut Barker,” and “Choc o Not,” are very popular with dogs.
What Happened to The Bear and The Rat at the Shark Tank Pitch?
Matt and Meg sought a $125,000 investment for a 20% stake in their company during season 4, episode 7 of Shark Tank. This would have valued their company at $625,000. At the time, they had only made around $30,000 in sales, but they were in talks with Petco about a potential contract.
The Sharks were unimpressed with their product, The Bear and the Rat, which was a treat for dogs. Daymond John, Mark Cuban, and Kevin O’Leary all declined to invest.
Lori Greiner was interested but ultimately decided not to invest, leaving Robert Herjavec as the only potential investor. However, he also decided not to invest due to the high valuation of the company.
Despite not receiving an investment from the Sharks, The Bear and the Rat gained significant attention from retailers after their appearance on the show.
They were not picked up by Petco, but they were able to secure deals with several Whole Foods locations and other businesses in the Denver area. Over time, they expanded to over 3,000 small, independent pet retailers, and their products are now available in Publix supermarkets throughout the southeast.
In June 2019, they announced that their products would be available in Whole Foods stores across the country. Despite the death of The Bear in 2014, the company has continued to grow and as of August 2021, they generate $5 million in yearly sales.
What is the Net Worth of The Bear and The Rat?
Matt and Meg appeared on Shark Tank season 4 episode 7 in search of a $125,000 investment for a 20% stake in their company. This equates to a $625,000 valuation.
Current valuation is evidently higher compared to the one they ask for.
Who are the Competitors of The Bear and The Rat?
Nature’s Food Patch, The Nutro Company, Schell & Kampeter Inc., The Dogs List, Pet Bistro, Nulo Inc., C.J. Foods, Inc., and Simmons Foods Inc. are The Bear & The Rat’s main competitors.
The Bear and The Rat FAQS
What is The Bear and The Rat?
The Bear and The Rat is a company that makes gut-friendly frozen snacks for dogs and cats.
Who founded The Bear and The Rat?
Matt and Meg Meyer, husband and wife, founded The Bear and The Rat.
Who are the competitors of The Bear and The Rat?
Nature’s Food Patch, The Nutro Company, Schell & Kampeter Inc., The Dogs List, Pet Bistro, Nulo Inc., C.J. Foods, Inc., and Simmons Foods Inc.
How much were they seeking in the Shark Tank?
They were asking for $125,000 for a 20% stake in their company. This equates to a $625,000 valuation.
Did they get the deal from the Sharks?
No. They did not get a deal from the Sharks.
What are their annual sales?
As of August 2021 the firm generates $5 million in yearly sales.
Is The Bear and The Rat still in business?
Yes. The Bear and The Rat Ice Cream is still in business as of August 2021.
Where is The Bear and The Rat located?
They are located in Hygiene, Colorado, USA.
What are the ingredients in The Bear and The Rat?
Ingredients are Dried Rice Syrup, Peanut Butter (peanuts), Bacon, Optgagest and Yogurt (skimmed Milk, Guar Gum).
Why is their dog’s “Cool Treat” icy and/or underfilled?”
They do not use any preservatives or artificial stabilizers in their frozen yogurt because they think that all dogs should eat healthy, natural food.
As a result, if their product melts and then refreezes, it may turn chilly and shrink in the cup.
If this occurs, please return the product to the location where it was purchased.
If they have any problems returning the item, please email them and attach the date code on the back of the package, and they will gladly send them fresh “Cool Treats.”
Can they buy the product online?
Because shipping frozen items is expensive, they exclusively sell to wholesalers who sell to retail outlets.
What are the prices of their Cool Treats?
If they are a merchant seeking wholesale information, please email [email protected]
If they are a consumer seeking price information, their product is available in shops across the country. They may use their shop finder to find “Cool Treats” near them.
Are their products safe for humans to consume?
Without a doubt! All of their Cool Treats are made in an FDA-regulated facility with 100% human grade food. So go ahead and try it for yourself.
Is the product available in countries other than the US?
At the moment, the product is exclusively accessible in the United States.
What is the net worth of Matt Meyer?
Matt Meyer’s net worth is unavailable.
What is the net worth of Meg Meyer?
Meg Meyer’s net worth is unavailable.
