Fizzics, a home beer dispenser, was started by Phil Petracca and David McDonald in 2012. As of September 2023, Fizzics net worth is $18 million. And they’re pulling in a whopping $4 million in annual revenue.
In September 2016, they appeared on season 8 of Shark Tank USA and made a deal with Mark Cuban and Lori Greiner, for $2 million for $16.67% of equity. The final valuation was $10 million, down from the founder’s initial estimate of $12.5 million.
Fizzics is still in business. The company filed for Chapter 11 bankruptcy in 2019. But it was able to restructure its debt and emerge from bankruptcy in 2020. Today, Fizzics is selling its third-generation product, the DraftPour portable home beer dispenser. The DraftPour is a device that uses a patented technology to infuse canned or bottled beer with nitrogen. That was resulting in a smoother, more flavorful pour. You can purchase their products online from their official website.
Fizzics Net Worth
| Net worth | $18 million (2023) |
| Annual Sales Revenue | $4 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Mark Cuban and Lori Greiner |
| Founder | Phil Petracca and David McDonald |
| Employees | 2 employees |
Fizzics Net Worth Timeline
| Net Worth 2023 | $18 million |
| Net Worth 2022 | $18 million |
| Net worth valuation 2020 after appearing on Shark Tank | $12.5 million |
| Net worth valuation 2020 before appearing on Shark Tank | $10 million |
Fizzics Pitch on Shark Tank
| Company name | Fizzics |
| Product | Dispensers that utilize sound waves produce better tasting beer. |
| Episode | Season 8 Episode 1 |
| Founders | David McDonald and Phil Petracca |
| Asked for | $500,000 For 4% equity |
| Final deal | $2,000,000 For 16.67% equity |
| Sharks | Mark Cuban and Lori Greiner |
| Location | USA |
Fizzics Founders
Fizzics was founded by David McDonald and Phil Petracca in 2012. Fizzics’s founders, David McDonald and Phil Petracca, have a net worth of $15 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Appeared on Shark Tank season 8 and Mark Cuban and Lori Greiner invested $2,000,000 For 16.67% equity |
| 2017 | Released the Fizzics Beer Engine |
| 2018 | Released the Fizzics DraftStation. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Fizzics and its continued success.
