What is the Bottlekeeper Drink Cooler and what problem does it solve? The Bottlekeeper Drink Cooler is an insulated stainless steel holder designed to keep bottled beverages cold and protected from breakage. It was created by cousins Adam Callinan and Matt Campbell in response to their frustration with warm beer and broken bottles, particularly in outdoor settings like beaches and pools.
Summary
- Cousins Adam Callinan and Matt Campbell appeared on Shark Tank Season 10 seeking $1 million for 5% of their company, Bottlekeeper.
- Bottlekeeper is an insulated stainless steel container that keeps bottled drinks cold and protected.
- They received a deal from Mark Cuban and Lori Greiner for $1 million for 5% equity plus a $1.50 royalty.
- The deal with Mark and Lori did not close.
- However, Bottlekeeper has experienced significant growth since appearing on Shark Tank.
- They have expanded their product line to include Cankeeper, Pintkeeper, and Chillkeeper.
- Bottlekeeper products are available on Amazon and at various retailers.
- The company generates over $10 million in annual revenue.
Bottlekeeper Drink Cooler Shark Tank Update | Shark Tank Season 10
The Problem of Warm Beer
No one likes a warm beer. Traditional solutions like koozies offer some help, but they often fall short, leaving your drink lukewarm and vulnerable to breakage.
The Bottlekeeper Solution
Enter Bottlekeeper. This innovative product is a stainless steel, insulated bottle holder designed to keep your beer ice-cold and protected from accidental drops.
It’s like a personal cooler for your favorite bottled beverage, ensuring that every sip is as refreshing as the first.
Bottlekeeper on Shark Tank
Bottlekeeper’s journey took an exciting turn when its founders, Adam Callinan and Matt Campbell, appeared on Season 10 of Shark Tank. Here’s a breakdown of their experience:
1. The Pitch
| Entrepreneurs | Adam Callinan and Matt Campbell |
|---|---|
| Business | Bottlekeeper – Insulated Beer Bottle Holder |
| Ask | $1,000,000 for 5% equity |
| Deal | $1,000,000 for 5% equity + $1.50 royalty until $2 million is recouped |
| Sharks | Mark Cuban and Lori Greiner |
| Season – Episode | Season 10 – Episode 7 |
| Original Air Date | November 11, 2018 |
| Website | Bottlekeeper |
| Key Points of Pitch |
|
| Why Sharks Accepted |
|
2. The Ask
Adam and Matt entered the Tank seeking a significant investment of $1 million in exchange for a 5% stake in their company.
This demonstrated their confidence in Bottlekeeper’s potential and their desire to scale the business rapidly.
3. The Sharks’ Offers
The Sharks were impressed with Bottlekeeper’s sales figures and innovative design. Several offers were made, including one from Kevin O’Leary and guest Shark Alex Rodriguez.
However, it was Lori Greiner who initially sparked the founders’ interest with an offer that included a royalty component.
4. The Final Deal
After a round of negotiations, Mark Cuban joined Lori Greiner to offer a joint deal of $1 million for 5% equity plus a $1.50 royalty on each unit sold until they recouped $2 million.
This deal provided the founders with the capital they needed while also giving the Sharks a strong return on their investment.
Bottlekeeper After Shark Tank
1. Deal Update
While the initial deal with Mark Cuban and Lori Greiner did not go through, Bottlekeeper still experienced significant growth and success following their appearance on Shark Tank.
2. Product Expansion
The company expanded its product line to include:
- CanKeeper: Designed for cans of various sizes, including 12-ounce beers and 16-ounce tallboys.
- PintKeeper: Holds pint glasses or steins.
- ChillKeeper: Soft coolers in 16 or 32-can sizes.
3. Company Growth and Revenue
Bottlekeeper’s sales skyrocketed after their Shark Tank appearance, and the company continues to thrive.
They’ve achieved impressive annual revenue and expanded their distribution channels.
4. Retail Partnerships
Bottlekeeper products are now available at major retailers like Ace Hardware, Sur La Table, and The Paper Store, as well as online platforms like Amazon.
This expanded reach has significantly increased their customer base.
The Founders: Adam Callinan and Matt Campbell
1. Their Inspiration
Cousins Adam Callinan and Matt Campbell came up with the idea for Bottlekeeper during a casual hangout. They were enjoying some beers outside on a hot day.
As their drinks warmed up quickly, they wished for a way to keep them cold and prevent any broken bottles. This sparked their “aha!” moment, leading them to develop the Bottlekeeper.
2. Early Stages and Funding
In the early days, Adam and Matt launched a successful crowdfunding campaign on Fundable. This helped them raise the initial capital needed to get Bottlekeeper off the ground.
They used this funding to produce their first batch of products and start building their brand.
Their dedication and entrepreneurial spirit paid off as Bottlekeeper quickly gained popularity among consumers looking for a better way to enjoy their beverages.
Product Features and Benefits
1. Insulation and Temperature Control
Bottlekeeper’s main feature is its ability to keep your drinks cold. The double-walled stainless steel construction and vacuum insulation help maintain the perfect temperature for hours. Say goodbye to lukewarm beverages!
2. Bottle Protection
No more worries about broken bottles at the beach or by the pool. Bottlekeeper’s durable design protects your drink from accidental drops and bumps.
3. Design and Functionality
Bottlekeeper is designed with convenience in mind. It’s easy to use, with a simple screw-on bottom to secure your bottle. The built-in bottle opener in the cap adds extra functionality.
4. Sizes and Styles
Bottlekeeper comes in various sizes to fit standard, stubby, and bomber bottles. You can also find a range of colors and styles to match your personality.
5. Where to Buy
Bottlekeeper products are available on their website, Amazon, and at select retailers nationwide, including Ace Hardware, Sur La Table, and Meijer.
Future of Bottlekeeper
Bottlekeeper has carved a niche for itself in the beverage industry. With its innovative products and strong customer base, the company is well-positioned for continued growth.
They are likely to expand their product line further, offering solutions for different types of drinks and containers.
By focusing on quality, functionality, and customer satisfaction, Bottlekeeper is set to remain a popular choice for people who want to keep their drinks cold and protected, wherever they go.
FAQs
What sizes does Bottlekeeper come in?
Bottlekeeper is designed to fit a variety of bottle sizes, including standard 12 oz bottles, stubby bottles, and larger bomber bottles.
Can I put other drinks besides beer in a Bottlekeeper?
Absolutely! While originally designed for beer, Bottlekeeper works great for any bottled beverage you want to keep cold and protected, such as soda, cider, or water.
How long will Bottlekeeper keep my drink cold?
Bottlekeeper can keep your drink cold for several hours, thanks to its double-walled stainless steel construction and vacuum insulation. The exact duration will depend on factors like the starting temperature of the drink and the surrounding environment.
Is Bottlekeeper dishwasher safe?
Yes, Bottlekeeper is dishwasher safe. However, hand washing is recommended to prolong its life and keep it looking its best.
Can I personalize my Bottlekeeper?
Yes, Bottlekeeper offers custom engraving options, allowing you to add a personal touch to your bottle holder or create unique gifts.
The Bottom Line
Bottlekeeper provides a simple yet effective solution for a common problem: keeping drinks cold and protected. Whether you’re enjoying a beer at the beach, tailgating before a game, or simply relaxing at home, Bottlekeeper ensures your beverage stays refreshingly cold. With its durable design, convenient features, and various sizes and styles, Bottlekeeper is a must-have accessory for any beverage enthusiast.
