Philip Petracca and David McDonald created Fizzics to bring the taste of draft beer to bottled and canned drinks. They pitched this idea on Shark Tank in 2016 and secured a $2 million deal with Mark Cuban and Lori Greiner.
However, despite early success, Fizzics faced financial trouble and filed for Chapter 11 bankruptcy in 2019. The company restructured and emerged stronger in 2020.
Therefore, as of 2024, Fizzics is thriving with a valuation of up to $30 million and $4 million in annual sales. This article explores Fizzics’ journey, highlighting its recovery and continued growth in the beer tech market.
Fizzics Net Worth
| Estimated Net worth | $30 million (2024) |
| 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 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 2024.
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.
