Bee D’Vine Shark Tank Update – Shark Tank Season 12
Ayele Solomon entered Shark Tank Season 12 with a bold vision to reintroduce the world to mead, one of the oldest fermented beverages, through his honey wine brand, Bee D’Vine.
Ayele Solomon hopes the Sharks like Bee D’Vine, his honey wine business, in Shark Tank Season 12 Episode 5. Bee D’Vine is honey wine or mead – the oldest beverage besides water in the world. It’s still popular in Solomon’s native Ethiopia, and he hopes to turn the rest of the world on to his product. This honey wine doesn’t have the sweetness of mead or the tannins of traditional wine.
There are two ingredients: raw honey and spring water. He ages the mixture in a barrel for 15 months and then for two more years in a bottle. This produces an end product with “a layered bouquet of almond, honeysuckle, and jasmine.”
Check out other Shark Tank Season 12 Episodes.
About Bee D’Vine
Category | Details |
---|---|
Business Name | Bee D’Vine |
Founder | Ayele Solomon |
Industry | Food & Beverage |
Product | Honey-based wine |
Deal Status | Deal secured with Mark, Lori, Robert, and Daniel |
Investment Asked | $750,000 for 25% equity |
Deal Outcome | $750,000 for 40% equity |
Bee D’Vine is also very eco-friendly. It doesn’t require acres of vineyards, irrigation, or all the other trappings of a traditional vineyard. Solomon’s long-term goal is to source wild honey from jungles all over the world, creating jobs and a viable reason for conservation.
The winery is located in the Napa Valley, and they opened a wine tasting room in The Ferry Building in San Francisco in December 2019. The Ferry Building hosts a Farmer’s Market several days a week.
A 750 ml bottle costs $49, and a 350 ml bottle costs $29. There are also limited edition wines that sell for $349 for a 3-liter bottle. For now, they make their wines in small batches. Solomon is hoping the wine-drinking public will embrace his product. He hopes a Shark will help him spread the word.
Video
Bee D’Vine Shark Tank Pitch
Ayele enters the Shark Tank seeking $750,000 for 20% of his wine business. He has samples of four wines for the Sharks, and they like them. At the time of the pitch, sales for the past year were $115,000, and he had sold only $400,000 in the past six years. A bottle costs $5 to make and sells for $29-$39. Kevin says most wine is sold for less than $14.
Did Bee D’Vine Get a Deal on Shark Tank?
Kevin is already in the wine business and doesn’t make an offer. The four other Sharks decide to team up and offer $750,000 for 40% (10% each), and Ayele accepts.
Bee D’Vine Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. The deal with Mark, Lori, Daniel, and Robert never closed. As of July 2021, the company is still in business. They are sold out of some of their wines, which can be purchased on a pre-order basis.
They were fully stocked in March 2022. In May 2022, they celebrated their 8th year in business. As of August 2023, reliable revenue figures are unavailable.
In June 2024, they introduced a limited edition Fresca, a light, refreshing sparkling honey wine that’s also lower in alcohol. As of July 2024, the company has a valuation of $4 million, which indicates annual revenue of $1-$1.5 million.
As of mid-2025, the estimated net worth of Bee D’Vine is between $1 million and $3 million.
Posts about Bee D’Vine on Shark Tank Blog
Where Can You Buy It?
Bee D Vine is available for purchase on their official website. They are present in other wine retail stores, too. Check out their social media for more updates: Facebook and Twitter.
Quick Summary
- Bee D’Vine is a honey wine brand. It appeared on Shark Tank Season 12 Episode 5.
- Made with raw honey and spring water, the wine is aged over 3 years to develop a floral, layered taste.
- The deal never closed, though Ayele initially struck an agreement with four Sharks.
Curious to know about other businesses that appeared on Shark Tank Season 12 Episode 4? Check their business updates!
- FitFighter Shark Tank Update
- Foam Party Hats Shark Tank Update
- LIFTiD Shark Tank Update
- Mrs. Goldfarb’s Unreal Deli Shark Tank Update
The Shark Tank Blog will follow up on Bee D’Vine & Ayele Solomon as more information becomes available.