FOAM Coolers
DealLightweight foam cooler
FOAM Coolers is a lightweight foam cooler that got its big break on Shark Tank in Season 16, and convinced Daymond John to invest.
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From the show
The Shark Tank pitch
- $150K
- Asked for
- 10%
- Offered equity
- $1.5M
- Sought valuation
- $150K
- Deal amount
- 30%
- Deal equity
- $500K
- Deal valuation
Founder Chad Lee and David Kittle stepped onto the carpet in Season 16, Episode 6 in the episode that aired November 22, 2024. FOAM Coolers, the lightweight foam cooler, pitched in the Business Services category, one of 42 business services businesses to brave the Tank across all 17 seasons.
The ask was $150,000 for 10% of the company, an implied valuation of $1.5M.
Daymond John made the deal at $150,000 for 30% equity. That priced the company at $500K, a haircut from the $1.5M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 16 saw 64 pitches, and 45 of them closed a deal on air. In the Business Services category overall, roughly 52% of pitches have landed a shark across the show's history.
Is FOAM Coolers still in business?
Read our 2026 update on where the company is now.
Sold on FOAM Coolers?
Check today's price and availability before it swims away.
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Frequently asked questions
Where can I buy FOAM Coolers?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.
Did FOAM Coolers get a deal on Shark Tank?
Yes. FOAM Coolers closed a deal for $150,000 in exchange for 30% equity, with Daymond John.
Which shark invested in FOAM Coolers?
Daymond John invested in FOAM Coolers ($150,000 total as aired).
What season of Shark Tank was FOAM Coolers on?
FOAM Coolers appeared in Season 16, Episode 6, which aired November 22, 2024.
How much was FOAM Coolers asking for on Shark Tank?
The founders asked for $150,000 for 10% of the company, a $1.5M valuation.
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