Jordan Stern invented Ice Cream Canteen to keep ice cream frozen for hours, allowing people to enjoy their favorite treat anywhere. He pitched the product on Shark Tank in 2023, securing a $100,000 investment and $200,000 line of credit from Mark Cuban and Lori Greiner.
Therefore, the company gained visibility and grew to a $1 million valuation, with $1.8 million in annual revenue by 2024. This article will explore Ice Cream Canteen’s journey from Shark Tank to success and discuss how their unique product continues to attract ice cream lovers and expand its market
Ice Cream Canteen Net Worth
Estimated Net worth | $1 million (2024) |
Annual Sales Revenue | $1.8 million (2023) |
Lifetime sales | Not publicly available |
Investor | Mark Cuban and Lori Greiner |
Founder | Jordan Stern |
Employees | Not publicly available |
Ice Cream Canteen Pitch on Shark Tank
Product | Container that can keep ice cream in cool without fridge |
Episode | Season 14 Episode 18 |
Founder | Jordan Stern |
Asked for | $100,000 for 5% Equity |
Company name | Ice Cream Canteen |
Final deal | $100,000 for 20% Equity |
Sharks | Mark Cuban and Lori Greiner |
Location | San Francisco Bay Area, California |
Don’t miss these product from Season 14
Ice Cream Canteen Founder
Jordan Stern found Ice Cream Canteen in 2017. Ice Cream Canteen’s founder, Jordan Stern, has a net worth of $350,000 as of 2024.
Key accomplishments
Year | Accomplishment |
2023 | Appeared on Shark Tank season 14 and Mark Cuban and Lori Greiner invested $100,000 for 20% Equity |
2023 | Secured investment from a renowned Shark, potentially propelling future growth. |
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 Ice Cream Canteen and its continued success.