Loliware

edible disposable cups

LoliwareDealFood & BeverageSan Jose, CAS7E2

Pitch Details

Season / Episode

S7E2

Oct 2, 2015

Ask

$150,000

for 10%

Ask Valuation

$1.5M

Deal

$600,000

for 25%

Watch the Pitch

Deal Terms

Amount$600,000
Equity25%
Valuation$2.4M
Barbara CorcoranBarbara CorcoranMark CubanMark Cuban

What Happened Next

Operating

$3M

estimated

  • Appeared on Season 7, made deal with Mark Cuban for $600K for 25%
  • Edible/biodegradable cups and straws made from seaweed
  • Pivoted from edible cups to biodegradable straws at scale
  • Raised significant follow-on funding for manufacturing scale-up
  • Positioned in the growing sustainable packaging market

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