Teddy Giard, Logan Lamance and Austin Maxwell want the Sharks to invest in Kanga, their insulating cold pack for cases of beverages, in Shark Tank episode 1018. The former Clemson students, along with two other partners, created the Kanga for a class project. They solved a problem they all hated: warm beer. When tailgating, rather than deal with ice and coolers, they'd tote their beer right in the cardboard box. It was easier than dealing with coolers and ice, but the beer got warm quickly.
At a tailgate, they saw people using insulating koozies and thought “why not make a koozie for the whole case of beer?” The result was the Kanga. It fits 12, 24 and 30 packs of beverages. Simply slide a cold box of your favorite beverage into the Kanga and it will stay cold for five hours with no ice. It has a waterproof membrane over the three levels of insulation and a handy top flap for accessing your drinks.
They got the business started with a successful Kickstarter campaign that raised $34,295 back in early 2018. Now they sell their product on their website for $29.95 for the 12 pack size and $34.95 for the 24 or 30 pack size. Kangas come in a variety of colors and patterns; they also offer customized coolers.
The guys likely want a Shark to help them grow awareness and for funding further production. Will a Shark think this is a cool product?
Kanga Company Information
Posts about Kanga on Shark Tank Blog
Kanga Shark Tank Recap
Teddy, Logan and Austin will pitch the panel of five Sharks on the business and its prospects for growth. They'll need to convince Mark Cuban, Kevin O’Leary, Lori Greiner, Barbara Corcoran and Daymond John that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards." A full pitch re-cap on Kanga will be available on Shark Tank Blog once this episode airs.
Kanga Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Kanga & Teddy Giard, Logan Lamance and Austin Maxwell as more details become available.