Clean Cube, a revolutionary food storage solution, made a splash on Shark Tank during Season 12 in February 2020. Founded by Jake Sendowski and Michelle Strausman, the company captivated the Sharks’ attention with their innovative product and impressive numbers.
When Jake and Michelle entered the Tank, they were seeking a $400,000 investment in exchange for a 5% stake in Clean Cube. Little did they know that their appearance on the show would catapult their business to new heights.
Within 24 hours of their episode airing, Clean Cube raked in a staggering $938,000 in revenue. This tremendous success further built upon their already impressive track record, as the company had already achieved $2 million in sales before stepping into the Shark Tank.
Boasting a valuation of $8 million during and after the pitch, Clean Cube remains a family-owned business, with Lori Greiner, the renowned “Queen of QVC,” holding a 5% stake in the company.
Key Takeaways:
- Clean Cube appeared on Shark Tank in Season 12 and secured a $400,000 investment from Lori Greiner.
- The company generated $938,000 in revenue within 24 hours of their episode airing.
- Clean Cube has a lifetime sale of $2 million before appearing on Shark Tank and has seen worldwide distribution since then.
- The company’s valuation during and after the pitch was $8 million.
The Founder of Clean Cube
Clean Cube, the innovative food storage company, was founded in 2017 by the dynamic duo, Jake Sendowski and Michelle Strausman. This California-based company was born from Michelle’s personal experience and need for an efficient way to store leftover chicken stock. The Sendowskis, along with their business partner, have nurtured Clean Cube from its humble beginnings to the thriving family-owned business it is today. Notably, Lori Greiner, a prominent Shark Tank investor, is a stakeholder in the company with a 5% share.
Jake Sendowski, one of the co-founders, brings a wealth of knowledge to Clean Cube with his master’s degree in electrical engineering from the esteemed California Institute of Technology. His technical expertise and innovative mindset have played a crucial role in the development and success of the company. Michelle Strausman, the other co-founder, is an educator who graduated from UCLA. Her practical approach and keen eye for consumer needs have contributed significantly to the product’s design and functionality.
| Founder | Background |
|---|---|
| Jake Sendowski | Master’s degree in electrical engineering from the California Institute of Technology |
| Michelle Strausman | Educator, graduated from UCLA |
The collaboration between Jake Sendowski and Michelle Strausman showcases their complementary skills and shared vision for creating innovative solutions to everyday challenges in the kitchen.
The Product and Pricing
Clean Cube is a convenient food storage device designed to simplify the portioning and storage of soups, broths, and leftovers. Made of food-grade silicone material, the Clean Cube is a large ice tray that allows you to freeze and store your favorite foods in convenient portions. With its flexible construction, you can easily remove frozen cubes for reheating or use them directly in cooking.
The Clean Cube product line includes the Souper Cubes tray, available in various sizes to suit different portion needs. From 2 tablespoons to 2 cups, there is a tray size for every requirement. The original design is a single-serving cup in an aqua hue, which adds a touch of style to your freezer.
| Product | Description | Price |
|---|---|---|
| Souper Cubes Tray – Single Cup | Aqua, single-serving cup | $19.95 |
| Souper Cubes Tray – 2-Tablespoon | Two-pack with lids | $31.99 |
| Souper Cubes Tray – 1-Cup | Two-pack with lids | $45.99 |
| Souper Cubes Tray – 2-Cup | Two-pack with lids | $61.99 |
| Ultimate Gift Set | All tray sizes with lids | $69.99 |
These prices are indicative and may vary. Please refer to the official Clean Cube website for the most up-to-date pricing information and product availability.
Souper Cubes on Shark Tank
Souper Cubes, the innovative food storage solution, made a significant impact when it appeared on Shark Tank in Season 12 Episode 14. Co-founders Jake Sendowski and Michelle Strausman presented their product to the Sharks, seeking a $400,000 investment in exchange for a 5% equity stake in their $8 million company.
During their pitch, Sendowski and Strausman showcased the versatility and convenience of Souper Cubes, demonstrating how it simplifies portioning and storage of soups, broths, and leftovers. Their goal was to secure a deal that would help them further grow their business and expand their reach.
The episode generated tremendous excitement and interest, leading to a surge in sales for Souper Cubes. In just 24 hours following the airing of the episode, the company recorded an astounding $938,000 in revenue.
“Appearing on Shark Tank was a game-changer for us. The exposure and validation from the Sharks gave us the boost we needed to take Souper Cubes to the next level. The response from customers has been overwhelming, and we are grateful for this incredible opportunity.”
– Jake Sendowski, Co-founder of Souper Cubes
After receiving multiple offers from the Sharks, Sendowski and Strausman carefully considered their options. Ultimately, they accepted a deal from renowned entrepreneur and Shark, Lori Greiner. Greiner invested $400,000 in Souper Cubes for a 5% equity stake in the company.
The partnership with Greiner not only brought experienced guidance but also provided valuable exposure to a wide audience. With her extensive reach and influence, Greiner’s investment solidified Souper Cubes’ position in the food storage industry.
The Souper Cubes Shark Tank episode demonstrated the tremendous potential of the product and the market demand for innovative kitchen solutions. Since their appearance on the show, Sendowski and Strausman have leveraged the momentum to expand their business and take Souper Cubes to new heights.
| Date | Episode | Investor | Investment Amount | Equity Stake |
|---|---|---|---|---|
| Season 12 | Episode 14 | Lori Greiner | $400,000 | 5% |
Success and Expansion
Since appearing on Shark Tank, Clean Cube has achieved remarkable success and experienced significant growth. The episode served as a catalyst for their sales, resulting in substantial revenue and boosting their overall performance. The global distribution of Clean Cube has expanded to encompass various regions, including Canada, Mexico, and Europe. This expansion has allowed the company to reach a wider audience and establish its presence in multiple markets.
As part of their commitment to meeting customer demand, Clean Cube continues to introduce new options and sizes of their innovative storage product. By constantly evolving and adapting to market trends, Clean Cube strives to provide customers with enhanced functionality and versatility. This dedication to innovation has contributed to their ongoing success and solidified their position as a leader in the food storage industry.
“Our mission is to revolutionize the way people store and portion their food. We are thrilled to see the Clean Cube resonate with customers worldwide and to witness its positive impact on their daily lives.” – Jake Sendowski, Co-founder of Clean Cube
Customer Testimonials
“Clean Cube has completely transformed my meal planning and food storage routine. It’s so easy to portion and freeze soups, broths, and leftovers. The convenience and quality of the product are outstanding!” – Emily, California
“I love the variety of sizes and options that Clean Cube offers. Whether I’m prepping individual servings or making a large batch, it’s the perfect solution for all my storage needs.” – David, Canada
“The expansion of Clean Cube to Europe has been a game-changer for me. As an avid cook, I appreciate the ability to efficiently store and preserve my homemade creations.” – Sofia, Italy
Global Distribution
| Region | Countries |
|---|---|
| North America | United States, Canada, Mexico |
| Europe | United Kingdom, Germany, France, Italy, Spain |
| Asia | Japan, South Korea, China, India |
Note: The table above highlights only a few of the regions where Clean Cube is distributed. The product is also available in several other countries worldwide.
With its global reach and continuous product innovation, Clean Cube is poised for continued success and growth. The company remains committed to providing customers with a convenient and efficient way to store and portion their food, making meal planning and organization a seamless experience.
Net Worth of Clean Cube
The success of Clean Cube, both in terms of revenue and company valuation, is a testament to its innovative product and strategic business model. During their appearance on Shark Tank, Clean Cube had a company valuation of $8 million. This impressive valuation reflected the potential and market demand for their convenient food storage solution.
As of January 2022, Clean Cube’s net worth is estimated to be higher than $8 million, showcasing the company’s continued growth and success. The exponential increase in revenue following their Shark Tank appearance further demonstrates the impact of the show on their financial standing.
With their unique product gaining popularity and worldwide distribution, Clean Cube has positioned itself as a leading brand in the food storage industry. The company’s net worth is expected to keep growing as they expand their product offerings and reach new markets.
To get a better understanding of Clean Cube’s financial success, let’s take a look at the following table:
| Year | Revenue | Net Worth |
|---|---|---|
| 2020 | $2 million | N/A |
| 2021 | $3.3 million | N/A |
| 2022 | $4.5 million (estimated) | Higher than $8 million |
This data showcases Clean Cube’s impressive revenue growth over the years and hints at the substantial increase in their net worth. With their dedication to providing convenient and reliable food storage solutions, Clean Cube is poised to achieve even greater financial success in the future.
Updates on Clean Cube
Since their appearance on Shark Tank, Clean Cube has experienced remarkable growth and expansion. The positive feedback from customers and glowing reviews for their innovative product have been overwhelming. In recent developments, Clean Cube has achieved an impressive annual revenue of $3.3 million as of 2022.
The deal with renowned Shark Tank investor Lori Greiner has been successfully completed, solidifying Clean Cube’s position in the market. The company’s listing on Lori Greiner’s website further attests to their credibility and success.
Founder Stories and Success
Jake Sendowski and Michelle Strausman, the founders of Clean Cube, have a remarkable story of success and determination. Both Jake and Michelle utilized their unique strengths and experiences to create a product that has revolutionized the food storage industry. Their journey is a testament to the power of perseverance and the impact of Shark Tank on entrepreneurial success.
Jake Sendowski, with a master’s degree in electrical engineering from the California Institute of Technology, brings technical expertise and innovation to the table. His knowledge and skills were instrumental in developing the functionality and design of Clean Cube. Michelle Strausman, an educator who graduated from UCLA, contributes her passion for organization and practicality to the product. Together, their complementary skill sets make them a formidable team.
“We used our own money to fund the startup and poured countless hours into refining our product,” says Jake. “We were determined to create something that would simplify the lives of individuals and families when it comes to storing and portioning food.”
The founders’ dedication and commitment to their mission paid off when they received their opportunity to pitch on Shark Tank. The exposure and investment from Lori Greiner, who recognized the potential of Clean Cube, propelled the business to new heights.
Working with Partners and Achieving Distribution
After securing the investment, Jake and Michelle focused on expanding their reach and getting Clean Cube into the hands of customers worldwide. They worked with strategic partners and distributors to ensure that the product could be easily accessible to consumers. Through their collaborative efforts, Clean Cube gained widespread distribution in Canada, Mexico, and Europe.
Continued Growth and Customer Satisfaction
The success of Clean Cube is not only evident in its distribution reach but also in the positive feedback received from customers. The product has garnered rave reviews, with satisfied users praising its convenience and functionality. This positive reception has contributed to Clean Cube’s continued growth and success as a brand.
The Inspirational Shark Tank Effect
Jake Sendowski and Michelle Strausman’s journey with Clean Cube serves as an inspiration to aspiring entrepreneurs and highlights the impact Shark Tank can have on a business. Their story demonstrates that with a unique idea, strategic planning, and the right exposure, success can be achieved.
| Key Success Factors | Description |
|---|---|
| Complementary Skills | Jake Sendowski’s technical expertise combined with Michelle Strausman’s practicality and organization skills created a winning combination. |
| Dedication and Perseverance | Jake and Michelle’s commitment to their mission drove them to use their own funds and invest countless hours into refining their product. |
| Strategic Partnerships | Collaborations with key partners and distributors helped Clean Cube achieve widespread distribution. |
| Positive Customer Feedback | Rave reviews from satisfied customers have contributed to Clean Cube’s continued growth and success. |
| Inspiration from Shark Tank | The exposure and investment received from appearing on Shark Tank catapulted Clean Cube to new levels of success. |
The Impact of Shark Tank
The appearance on Shark Tank had a significant impact on Clean Cube’s sales and revenue. The exposure from the show led to a surge in sales, with a remarkable $938,000 boost in revenue within 24 hours. This phenomenon is commonly known as the “Shark Tank effect,” where entrepreneurs who appear on the show experience a substantial increase in customer interest and sales.
The spotlight on Clean Cube during their Shark Tank episode helped the company expand its customer base and increase its brand visibility. The positive reception and endorsement from the Sharks added credibility and trust to the product. As a result, Clean Cube was able to reach a wider audience and attract new customers who were eager to try their innovative food storage device.
The success story of Clean Cube serves as an inspiration for other aspiring entrepreneurs looking to pitch their products on Shark Tank. It demonstrates the potential of the show to catapult a business to new heights, creating opportunities for growth and success. The Souper Cubes sales boost is a testament to the power of strategic partnerships and effective product presentation in the competitive world of retail.
FAQ
What is Clean Cube?
Clean Cube is a convenient food storage device designed to simplify the portioning and storage of soups, broths, and leftovers. It is a large ice tray made of food-grade silicone material, making it easy to remove frozen pieces for reheating.
How much does Clean Cube cost?
The original design of Clean Cube is a single-serving cup in an aqua hue that sells for .95 per pack. The frozen tray is available in different quantity sizes, and the prices range from .99 for a two-pack of the 2-tablespoon tray with a lid to .99 for the Ultimate Gift Set, which includes all tray sizes and lids.
When did Clean Cube appear on Shark Tank?
Clean Cube appeared on Shark Tank in Season 12 in February 2020.
How much revenue did Clean Cube make after their Shark Tank episode aired?
After their episode aired, Clean Cube made 8,000 in revenue within 24 hours.
What was the valuation of Clean Cube during and after the Shark Tank pitch?
The valuation of Clean Cube was million during and after the Shark Tank pitch.
Who are the founders of Clean Cube?
The founders of Clean Cube are Jake Sendowski and Michelle Strausman.
Who is Lori Greiner and what is her stake in Clean Cube?
Lori Greiner is a Shark Tank investor and she has a 5% stake in Clean Cube.
Where is Clean Cube available?
Clean Cube is available worldwide, including in Canada, Mexico, and Europe.
What is the annual revenue of Clean Cube?
The annual revenue of Clean Cube is .3 million as of 2022.
How did the appearance on Shark Tank impact Clean Cube?
The appearance on Shark Tank led to a surge in sales and increased brand visibility for Clean Cube.
How did Clean Cube founders fund their startup?
The founders of Clean Cube used their own money to fund the startup.
How did Clean Cube get distribution?
Clean Cube worked with various partners to get distribution.
What is the “Shark Tank effect”?
The “Shark Tank effect” refers to the boost in sales and brand visibility that a company experiences after appearing on Shark Tank.
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