Product Update
Is CoolWraps Still in Business? (2026 Update)
Is CoolWraps from Shark Tank still around in 2026? The deal it made, the sharks who invested, and where to buy CoolWraps today.
As an Amazon Associate I earn from qualifying purchases.
Go to coolwraps.com today and you get a farewell letter, not a checkout page. Jeffrey Miller's shrinkable holiday gift-wrap bags landed a full-company buyout from Mark Cuban back in Season 4, and the brand's own site now confirms the run is over.
The Short Answer
No, CoolWraps is no longer in business. The company's own website has been replaced with a short thank-you message telling customers the brand is no longer in operation, which is about as direct a confirmation as you can get without a press release. There is no current storefront, on Amazon or anywhere else.
That plain admission from the company itself is worth noting, because a lot of Shark Tank casualties just go quiet and let their domain expire. CoolWraps chose to leave a note, which suggests an orderly wind-down rather than an abrupt collapse.
The Shark Tank Pitch
Jeffrey Miller pitched CoolWraps out of Green Cove Springs, Florida in Season 4, Episode 20, an episode that aired during the show's holiday-themed programming block. The product was a shrink-wrap style gift bag aimed at the holiday season, a faster alternative to wrapping paper for oddly shaped presents like bicycles, golf clubs, or oversized toys.
Miller asked for 100,000 dollars for 40 percent of the company, positioning it as a seasonal but scalable gifting accessory that could ride the wave of holiday shopping every year. The pitch leaned on convenience, no scissors or tape required, just heat and a bag, which is the kind of simple mechanical hook that tends to play well on the show.
The Deal That Got Done
Mark Cuban made the offer, but it looked nothing like the ask. He proposed 250,000 dollars for 100 percent of the company plus a 3 percent royalty, essentially buying Miller out entirely rather than taking a stake alongside him. Miller accepted, trading full ownership and future control for a bigger upfront number and Cuban's backing.
That structure put the entire post-show trajectory of CoolWraps in Cuban's hands rather than the founder's, a very different arrangement than the typical minority-stake deals that dominate the show.
What Happened After the Episode Aired
The Shark Tank appearance gave CoolWraps a visibility bump, and the brand kept an online presence for a period afterward, which several tracker sites credit to the boost the episode gave a seasonal, relatively low-repeat-purchase product. But a full-buyout deal at 100 percent equity means the company's fate rode entirely on Cuban's operation of it going forward, and a niche holiday-only gift-wrap product is a hard thing to keep scaling year over year without new hooks.
By the time trackers checked back in, the consensus across multiple sites is consistent: the company closed down at some point after the initial post-show run, with no specific shutdown date publicly documented. The coolwraps.com farewell page itself gives no date or explanation beyond thanking customers for joining the journey, which leaves the exact window of the shutdown, whether it happened one year after the episode or closer to a decade later, unresolved in any source this research turned up. One tracker specifically noted that competing shrink-wrap gift products have since entered the market, suggesting the original mechanical concept outlived the original company that popularized it on national television.
CoolWraps net worth in 2026
Shark Tank tracking sites put CoolWraps' current net worth at zero, consistent with the company's own confirmation that it has ceased operating. There is no revenue to report and no active entity to attach a valuation to.
Given the company's own site states plainly that it is no longer in operation, any net worth figure beyond zero would be fabricated. This is a case where the qualitative answer, defunct, is the entire answer.
Where Things Stand Now
CoolWraps is closed. The domain still resolves, but only to a goodbye note rather than a working store, which is about as clean a signal of shutdown as this kind of research turns up. Cuban's 100 percent buyout meant the product's future depended entirely on continued investment and attention from his side of the deal, and a seasonal gift-wrap product apparently did not hold up long term.
If you're trying to buy CoolWraps today, there is nowhere to do it. The honest verdict is closed, and the company's own farewell page is the most reliable source for that conclusion.
Where to buy CoolWraps
Still selling as of February 7, 2026. Check today's price and availability.
Affiliate link — we may earn a commission at no extra cost to you.
See the full CoolWraps deal breakdown and term sheet →
