Nu Milk
Plant-based milk machine
Pitch Details
Season / Episode
S12E18
Mar 26, 2021
Ask
$1M
for 5%
Ask Valuation
$20M
Deal
$1M
for 7%
Watch the Pitch
Deal Terms
Amount$1M
Equity7%
Valuation$14.3M
Loan$1M
Mark CubanWhat Happened Next
Thriving
$13M
reported
- Deal closed: $1,000,000 for 7% equity plus an optional $1,000,000 loan at 3% interest with Mark Cuban
- Kickstarter raised $222,353 during initial airing; Whole Foods expansion did not materialize; company pivoted to coffee shops
- 28 independent grocers July 2021; 69 shops July 2022; over 170 locations July 2024
- Manufacturing partnership with Hamilton Beach Brands announced March 2023; home machine launched April 2024 at $249
- Annual sales approaching $13 million; lifetime sales over $55 million; estimated $70 million valuation
Get updates on Nu Milk
