Shark-Tank-US-Net-worth-UpdateCo.ALITION

Co.ALITION Net Worth 2024 Update (Before & After Shark Tank)

ByKesara Bandaragoda Hours Last Updated:

As of 2024, CO.ALITION ceased operations in 2017, with no recent net worth or revenue data available.

Jeff Popp and Casey Lorenzen founded CO.ALITION to create smart backpacks with built-in power supplies and hard drives.

They pitched their innovative products on Shark Tank Season 7 but did not secure a deal. Despite initial success and placement in REI stores, both CO.ALITION and their original brand, MHM, ceased operations in 2017 for unspecified reasons.

As of 2024, CO.ALITION remains closed, with no recent acquisitions or investments reported.

Co.ALITION Net Worth

Estimated Net worth$1 million (2016) Business Valuation
Annual Sales Revenue$1.4 million (2016)
Lifetime salesNot available
InvestorNone
FoundersJeff Popp and Casey Lorenzen 
EmployeesNot available

Co.ALITION Pitch on Shark Tank

Company nameCo.ALITION
ProductA durable, water-resistant backpack with a charging station for laptops and other electronics.
EpisodeSeason 07 Episode 15
Founders Jeff Popp and Casey Lorenzen
Asked for$200,000 for 20% equity
Final dealNo deal
SharkNo shark
LocationDenver, Colorado

Don’t miss these products from Season 7

Co.ALITION Founders

Jeff Popp and Casey Lorenzen founded Co.ALITION in 2012. Jeff graduated from the University of Colorado Boulder. Jeff was fond of becoming an entrepreneur from a young age. He started his first own business in 2009. Jeff is currently the CEO of Kokopelli Packraft. Casey Lorenzen, the co-founder, graduated from the University of Northern Colorado. He was Vice President and the Brand Director for MHM. He is currently a Global Photography Lead. Co.ALITION’s founders, Jeff Popp and Casey Lorenzen’s, net worth is unknown as of 2024, since business is no longer active.

Key accomplishments

YearAccomplishment
2016Co.ALITION was featured on Shark Tank.

Conclusion

Some companies that appear on the show have not achieved great success, and the Co.ALITION was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However,  Co.ALITION went out of business in 2017. And the product is no longer available in the market.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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