Wild Earth, an innovative pet food company, made waves when it appeared on Season 10 of Shark Tank with a unique product and a vision for a more sustainable pet food industry. Seeking a $550,000 investment for 5% equity in the company, Wild Earth caught the attention of the Sharks and secured a deal with Mark Cuban. This partnership propelled Wild Earth’s growth and brought significant changes to the company’s net worth.
Key Takeaways:
- Wild Earth is a pet food company featured on Shark Tank that offers plant-based, high-protein dog food made from koji fungus.
- Mark Cuban made a $550,000 investment in Wild Earth, acquiring a 10% equity stake in the company.
- Wild Earth experienced substantial growth following its appearance on Shark Tank, raising additional funds and achieving a series A valuation of $11 million.
- The company expanded its product range, introduced new offerings, and increased its market reach, including launching products in Walmart stores.
- Wild Earth’s vision is to provide healthier, more sustainable options for pet owners and revolutionize the pet food industry.
Wild Earth’s Post-Shark Tank Success and Expansion
Since appearing on Shark Tank, Wild Earth has experienced remarkable success and expansion. The company’s innovative plant-based pet food products have resonated with consumers, leading to a surge in sales and positive customer reviews. One of their standout products is their lab-grown koji protein dog treats, which have received praise for their taste and nutritional benefits.
In response to the overwhelming demand, Wild Earth has expanded its product range to include dog supplements and introduced a kibble product that has been well-received by dog owners. These additions have further solidified the company’s position in the market, attracting new customers and driving growth.
To support its expansion plans and capitalize on its post-Shark Tank momentum, Wild Earth secured substantial additional funding. With over $23 million raised from renowned investors, the company has experienced a remarkable growth rate of over 700% since 2020. This influx of capital has allowed Wild Earth to invest in research and development, manufacturing capabilities, and marketing efforts to reach a wider audience.
Table: Wild Earth’s Post-Shark Tank Growth
| Post-Shark Tank Milestone | Key Information |
|---|---|
| Surge in Sales | Positive customer reviews and increased demand for lab-grown koji protein dog treats |
| Product Expansion | Introduction of dog supplements and kibble product |
| Funding Success | Raised over $23 million from renowned investors |
| Impressive Growth Rate | Over 700% growth since 2020 |
In addition to its financial success, Wild Earth has also made significant strides in expanding its market presence. The company successfully launched its products in Walmart stores, further increasing its reach and accessibility to pet owners across the country. This expansion into major retail channels has contributed to the company’s overall sales growth and brand recognition.
With annual revenue reaching $21 million in 2021, Wild Earth has established itself as a leading player in the plant-based pet food industry. The company’s continued commitment to providing healthier, more sustainable pet food options has resonated with consumers who are increasingly conscious of the impact their choices have on the environment and animal welfare. Through their continued innovation and dedication to their mission, Wild Earth is poised to transform the pet food industry and shape the future of sustainable pet nutrition.
Wild Earth’s Vision for Sustainable Pet Food
When Ryan Bethencourt pitched Wild Earth on Shark Tank, he brought to light a vision for a more sustainable and humane approach to pet food. His concern about the environmental impact of traditional pet food production sparked the creation of Wild Earth, a company that is revolutionizing the industry with its plant-based, cruelty-free products.
At the heart of Wild Earth’s mission is the use of koji, a protein-rich fungus commonly used in Eastern cuisine. This innovative ingredient not only replicates the taste and nutritional benefits of meat but also addresses the ethical and environmental concerns associated with traditional pet food production. By offering a clean, high-protein alternative to meat-based pet food, Wild Earth is paving the way for a more sustainable future.
While Wild Earth has already enjoyed success since its appearance on Shark Tank, the company is not stopping there. With a commitment to transforming the industry, Wild Earth is focused on developing cell-based meat for companion animals. This groundbreaking technology has the potential to further reduce the environmental impact of pet food production while providing pet owners with healthier and more sustainable options.
With each passing episode, Wild Earth continues to gain recognition for its innovative approach to pet food. The positive reviews and customer feedback are a testament to the company’s dedication to providing clean, high-quality, and environmentally-friendly options for pet owners. As Wild Earth’s vision becomes a reality, it is poised to become a leader in the plant-based pet food market, setting the stage for a more sustainable future for our furry friends.
FAQ
What is Wild Earth and their connection to Shark Tank?
Wild Earth is an innovative pet food company that appeared on Season 10 of Shark Tank seeking a $550,000 investment for 5% equity in the company.
What makes Wild Earth’s pet food unique?
Wild Earth offers a clean, high-protein, plant-based dog food made from koji, a fungus commonly used in Eastern cuisine.
Why is Wild Earth’s approach to pet food significant?
Wild Earth’s plant-based, cruelty-free approach aligns with the rising global emphasis on sustainability and transparency in the pet food industry.
Who invested in Wild Earth on Shark Tank?
Mark Cuban, one of the sharks on Shark Tank, invested $550,000 for a 10% equity stake in Wild Earth.
How has Wild Earth grown since appearing on Shark Tank?
After the show, Wild Earth experienced significant growth and raised additional funds, with a series A valuation of $11 million.
What products does Wild Earth offer?
Wild Earth initially offered dog treats made entirely from lab-grown koji protein and later expanded its product range to include dog supplements and kibble.
Has Wild Earth received positive feedback from customers?
Yes, following their appearance on Shark Tank, Wild Earth saw a surge in sales and positive customer reviews, particularly for their dog treats made from lab-grown koji protein and their kibble.
Has Wild Earth secured additional funding?
Yes, Wild Earth has raised over $23 million from well-known investors and experienced growth of over 700% since 2020.
How successful has Wild Earth been in terms of revenue?
In 2021, Wild Earth announced annual revenue of $21 million and successfully launched its products in Walmart stores, further expanding its reach in the market.
What inspired the founder of Wild Earth to create the company?
Ryan Bethencourt, the founder of Wild Earth, was inspired by his concern about the environmental impact of traditional pet food production, leading him to create a more sustainable and humane alternative.
What is Wild Earth’s vision for the pet food industry?
Wild Earth aims to revolutionize the pet food industry by providing healthier, more sustainable options for pet owners and is focused on developing cell-based meat for companion animals.
What is Wild Earth’s commitment to the industry?
With continued success and investment, Wild Earth is poised to become a leader in the plant-based pet food market and is committed to transforming the industry by offering clean, high-quality, and environmentally-friendly pet food choices.