Kanga Coolers, created by Logan LaMance and his team, gained attention on Shark Tank with their innovative iceless coolers designed to keep drinks cold for hours.
They secured a $100,000 investment from Mark Cuban in exchange for 20% equity. Since then, Kanga has expanded its product line and experienced steady growth, achieving a current valuation of around $3.2 million.
The company has remained independent, focusing on direct-to-consumer sales and partnerships with major brands.
Kanga’s standout achievements include successful crowdfunding campaigns and collaborations with names like Budweiser, boosting brand visibility and solidifying its place in the cooler market.
Kanga Net Worth
| Estimated Net worth | $3.2 million (2024) |
| Annual Sales Revenue | $11.7 million (2024) |
| Lifetime sales | Not available |
| Investor | Mark Cuban |
| Founders | Teddy Giard, Logan Lamance, and Austin Maxwell |
| Employees | 43 |
Kanga Pitch on Shark Tank
| Company name | Kanga |
| Product | Beverage Coolers |
| Episode | Season 10 Episode 18 |
| Founders | Teddy Giard, Logan Lamance, and Austin Maxwell |
| Asked for | $100,000 for 10% equity |
| Final deal | $100,000 for 20% equity |
| Shark | Mark Cuban |
| Location | Miami, Florida, 33131, United States |
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Kanga Founders
Kanga was founded by Teddy Giard, Logan Lamance, and Austin Maxwell. The company start date is unknown. They are University students. Kanga Cooler is a class project of the university. Kanga’s founders, Teddy Giard, Logan Lamance, and Austin Maxwell, have a net worth of USD 3.2 million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2022 | Kanga company created the world’s first soft cooler. |
| 2019 | Kanga appeared on Shark Tank. |
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 Kanga and its continued success.
