The Ice Cream Canteen
DealContainer for ice cream
Best known from its Shark Tank appearance, The Ice Cream Canteen is a container for ice cream in Season 14, and convinced Mark Cuban and Lori Greiner to invest.
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From the show
The Shark Tank pitch
- $100K
- Asked for
- 5%
- Offered equity
- $2M
- Sought valuation
- $100K
- Deal amount
- 20%
- Deal equity
- $500K
- Deal valuation
Jordan Stern walked into the Tank in Season 14, Episode 18 in the episode that aired March 31, 2023. The Ice Cream Canteen, the container for ice cream, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $100,000 for a 5% stake, which valued the company at $2M.
Mark Cuban and Lori Greiner teamed up at $100,000 for 20% equity. That priced the company at $500K, a haircut from the $2M the founders walked in asking for, which is how negotiations in the Tank usually go.
The Ice Cream Canteen was one of 87 businesses to pitch in Season 14, where 62 deals got done. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy The Ice Cream Canteen?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did The Ice Cream Canteen get a deal on Shark Tank?
Yes. The Ice Cream Canteen closed a deal for $100,000 in exchange for 20% equity, with Mark Cuban and Lori Greiner.
Which shark invested in The Ice Cream Canteen?
Mark Cuban and Lori Greiner invested in The Ice Cream Canteen ($100,000 total as aired).
What season of Shark Tank was The Ice Cream Canteen on?
The Ice Cream Canteen appeared in Season 14, Episode 18, which aired March 31, 2023.
How much was The Ice Cream Canteen asking for on Shark Tank?
The founders asked for $100,000 for 5% of the company, a $2M valuation.
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