What Happened To Hibear After Shark Tank?

Hibear After Shark Tank Update: Mark Tsigounis, founder of Swiss Army Tool of Insulated bottles company Hibear. Mark went on a trip to a remote area with his wife and did not find a coffee store like Starbucks. He was looking for insulated bottles that could craft beverages. After 3 years of R&D, the All-Day Adventure Flask (Hibear) was born.

He launched a crowdfunding campaign on Kickstarter on September 8, 2020, raising $98,357 in 30 days. By July 2021, all backers had received the All-Day Adventure Flask product, which was officially announced on Kickstarter.

Many backers from 2021-2023 have commented that they have not received the product yet. Reno Seed invested $150,000 in this company in a pre-seed round in July 2021. He needs an expert partner like Sharks who can help him expand his business. So let us know whether Hibear got the deal in Shark Tank or not.

What Is Hibear?

Hibear is a company that makes bottles for crafts beverages, called the All-Day Adventure Flask according to its founder. People can make beverages like coffee, cocktails, etc. from anywhere.

This bottle has Pour Over Lid, Cocktail Strainer, Steel Basket, Sleeve, Flask, and Thermal Core. It is also very easy to clean. The 32 Oz Adventure Flask bottle comes in 8 different colors and is priced at $95.

Who Is The Founder Of Hibear?

Mark Tsigounis is the founder and CEO of Hibear Company. He started this company in 2017. In addition to being the owner of this company, since 2011 he has been the Lieutenant Commander of the US Navy Reserve.

Hibear Shark Tank Update

Company Name	Hibear
Founder	Mark Tsigounis
Founded	2017
Product	All-Day Adventure Flask
Asked For	$150k for 5% equity
Final Deal	No Deal
Shark	No Sharks
Episode (Shark Tank USA)	S15 E19
Air Date	April 5th, 2024
Business Status	In Business
Hibear Net Worth	$1M *estimated
Headquarters	Reno, Nevada, USA
Hibear Instagram	View Profile
GO TO AMAZON	Buy Now

Also Read This: What Happened To Veba Baby After Shark Tank?

Hibear On Shark Tank Pitch

Co-founder Mark Tsigounis entered Shark Tank and asked the sharks for $150k for 5% equity. He explained to the sharks about his product and told them about the specialty of the product.

After hearing the details Kevin said that this company is not making any money so he cannot invest in the company so he is out. Emma said that this is company’s early stage so she cannot invest in the business so she is also out.

lori said she cannot understand that how company will make the money so she is also out. Robert said he cannot invest in the early stage of the company so he is also out. mark also refused to invest in this business. so all the sharks are out. mark does not any deal on the shark tank.

Hibear’s Net Worth

Hibear’s net worth is estimated at $1 million. This company had raised an investment of $150k from various investors before Shark Tank. Perhaps this company needs more funding for marketing.

Is Hibear Still In Business?

Yes, Hibear is still in business as of April 2024.

Outdoor travel and gear brand Hibear Design Co was founded in 2017 by Navy Commander Mark Tsigounis. To build a brand, this company will have to spend millions of dollars on marketing.

This company is officially headquartered in Reno, Nevada, United States, and has 2-10 employees according to the company’s LinkedIn profile.

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