Coolwraps Net Worth 2023 Update (Before & After Shark Tank)

Coolwraps-Shark-Tank-US-Net-worth-Update

Coolwraps, a shrinking gift wrap technology, was started by Jeffrey Miller in 1998. Coolwraps net worth was $250,000 in 2013 based on the Shark Tank deal.

In 2013 they appeared on season 4 of Shark Tank USA and made a deal with Mark Cuban, $250,000 for 100% of equity.

CoolWraps is no longer in business. It was a popular company that sold reusable, self-cooling wraps, but it appears to have closed down sometime in the past few years.

See also: Similar products on Amazon.

Coolwraps Net Worth

Net worth$250,000 (2013)
Annual Sales Revenue
Profits
Lifetime sales
InvestorJeffrey Miller
FounderMark Cuban
Employees

Coolwraps Net Worth Timeline

Net Worth 2023
Net Worth 2022
Net worth valuation 2013 after appearing on Shark Tank  N/E
Net worth valuation 2013 before appearing on Shark Tank  $250,000

Coolwraps Pitch on Shark Tank

ProductShrinking gift wrap technology
EpisodeSeason 04 Episode 21
Founder Jeffrey Miller
Asked for$100,000 for 40% Equity
Company nameCoolwraps
Final deal$250,000 for 100% Equity
Shark Mark Cuban
LocationUSA

Don’t miss these product from Season 04

Coolwraps Founder

Jeffrey Miller found Coolwraps in 1998. He was inspired to create CoolWraps after experiencing the discomfort of heat exhaustion while working outdoors. The net worth of  Coolwraps’s founder, Jeffrey Miller, is unknown as of 2023.

Key accomplishments

YearAccomplishment
2013Appeared on Shark Tank season 04 and Mark Cuban invested $250,000 for 100% Equity
2016CoolWraps is named one of the “Inc. 5000 Fastest Growing Companies in America.”
2018CoolWraps expands its product line to include cooling towels and bandanas.

Conclusion

Some companies that appear on the show have not achieved great success, and the Coolwraps 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,  Coolwraps went out of business in 2021. And the product is no longer available in the market.