Coffee Joulies, created by engineers Dave Petrillo and Dave Jackson in 2011, aimed to keep coffee at the perfect temperature with their innovative stainless-steel capsules. The duo gained $150,000 from four sharks on Shark Tank in 2013, setting their valuation at $3 million.
Coffee Joulies also raised over $300,000 on Kickstarter and won Shopify’s Build a Business competition. By 2016, the company’s value grew to $5 million.
However, as of 2025, the website lists products as sold out, and their social media has been inactive since 2017, suggesting the business may no longer be operational.
Coffee Joulies Net Worth
Net worth | $5 million (As of July 2023) |
Annual Sales Revenue | <$5 million |
Shark Tank Investor | Kevin O’Leary, Lori Greiner, Robert Herjavec, and Daymond John |
Founder | Dave Petrillo and Dave Jacksonin |
Coffee Joulies Pitch on Shark Tank
Company name | Coffee Joulies |
Product | Stainless Steen Beans That Absorb Heat To Keep Coffee At The Perfect Temperature |
Episode | Season 04 Episode 13 |
Founders | Dave Petrillo and Dave Jackson |
Asked for | $150,000 for 5% equity |
Final deal | $150,000 in exchange for a $6 royalty for retail, $3 royalty for wholesale, and $1 in perpetuity after investment is recouped |
Sharks | Kevin O’Leary, Lori Greiner, Robert Herjavec, and Daymond John |
Location | Brick, New Jersey, USA |
Coffee Joulies Founders
Coffee Joulies was founded by Dave Petrillo and Dave Jackson in 2011. They are mechanical engineers by profession. Their work with Sherrill Manufacturing began in 2011, and this experience motivated them to develop the initial version of Coffee Joulies.
This inspiration stemmed from a previous experiment they had conducted to open their own business. Coffee Joulies’s founders, Dave Petrillo and Dave Jackson have a net worth of 5 million USD as of 2025.
Key accomplishments
Year | Accomplishment |
2016 | Back in 2016, the company’s worth was estimated to be $5 million |
2013 | The company appeared on Shark Tank Season 04 and got deals from four Sharks |
Conclusion
From their beginnings on Shark Tank and its status as a thriving business, they have proven that with the right idea and execution, anything is possible.
But as of September 2025, the company still in business is unclear, and their website is not working now. Perhaps their website domain expired. We are waiting for the update about Coffee Joulies company’s future.