SquareKeg, founded by Tim Louks in 2017, gained significant traction after its appearance on Shark Tank in November 2022. Kevin O’Leary invested $300,000 for 20% equity, valuing the company at $1.5 million at the time.
The exposure from the show boosted SquareKeg’s sales. As of 2024, the company is valued at $2 million and generates $3.5 million annually. SquareKeg remains in business, selling its innovative mini-kegs through its website and Amazon.
Square Keg Net Worth
| Estimated Net worth | $2 million (2024) |
| Annual Sales Revenue | $3.5 million (2024) |
| Lifetime Sales | Not available |
| Shark Tank Investor | Kevin O’Leary |
| Founder | Tim Louks |
| Employees | Not available |
Square Keg Pitch on Shark Tank
| Company name | Square Keg |
| Product | Beverage containment solutions for craft beer |
| Episode | Season 14 Episode 06 |
| Founder | Tim Louks |
| Asked for | $300K for a 10% equity |
| Final deal | $300K for a 20% equity |
| Shark | Kevin O’Leary |
| Location | Spokane, Washington |
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Square Keg Founder
Square Keg was founded by Tim Louks in 2017. Born in Detroit, Michigan, he always harbored an ambition to achieve something remarkable that could positively impact thousands of people. With three children, fast forward seven years, he earned a bachelor’s degree from Eastern Washington University. Square Keg’s founder, Tim Louks’ net worth is unknown as of 2024. However, based on the deal, it should be around $250,00.
Key accomplishments
| Year | Accomplishment |
| 2022 | The company appeared on Shark Tank Season 14 and got the deal from Kevin O’Leary. |
| 2023 | As of August 2023, The company reached $1.4 million in annual revenue. |
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 Square Keg and its continued success.