What Happened to Bee D’Vine after Shark Tank Pitch?

Table of Contents show

What is Bee D’Vine?

Bee D’Vine’s honey wines are prepared using spring water and honey rather of grapes and are stored in barrels for at least 15 months.

The resulting products contain around 17 percent alcohol but differ according on the kind, such as Brut, Demi-Sec, or Reserve.

Bee D’Vine is also exceptionally eco-friendly. It does not require acres of grapes, irrigation, or any of the other trappings of a traditional vineyard.

Solomon’s long-term goal is to collect wild honey from rainforests all around the world, creating jobs and offering a compelling reason for conservation.

The winery is located in Napa Valley, and they opened a wine tasting room at The Ferry Building in San Francisco in December 2019.

A 750 mL bottle will set you back $49, while a 350 mL bottle will set you back $29. There are also limited edition wines available for $349 for a 3 litre bottle.

A portion of the proceeds from Bee D’Vine sales is contributed to the Kafa community in Ethiopia to help them transition to modern beehives, allowing them to produce more honey.

More honey means more money for the Kafa people to survive on and to care for the Kafa trees.

Who is the Bee D’Vine Founder?

Ayele Solomon founded Bee D’Vine. He has been the founder and winemaker of Bee D’Vine for nearly thirteen years, but before that, he focused mostly on environmental conservation.

Entrepreneurship, development and environmental funding, and economic, social, and environmental justice are among his professional interests.

Ayele Solomon has always been passionate about environmental and resource protection.

He was traveling through the forest of Ethiopia’s Kafa Province in 2009.

The jungle was in chaos as a result of resource depletion; upon recognizing this, Ayele searched inwardly for a potential solution. He felt that raising the perceived value of trees would create an incentive for locals to better conserve them.

The Kafa Province’s plants are mostly blooming trees that provide nectar and pollen for bees to make honey. Because t’ej, or honey wine, is Ethiopia’s national drink, Ayele was curious about how it was prepared.

This business continued after he moved to California, where he later founded Bee D’Vine, a honey wine company.

What Happened to Bee D’Vine on Shark Tank?

Ayele appeared on Shark Tank Season 12 Episode 5 looking for $750,000 in exchange for a 20% stake in his Bee D’Vine. This equates to a $3.75 million valuation.

He has four wine samples for the Sharks, which they like.

Ayele confessed that he had only generated $400,000 in sales in the preceding six years. However, Bee D’Vine wine has sold $115,000 in the last year, demonstrating that things are heading in the right direction.

Except for Kevin O’Leary, who is already involved in the wine market, this sparked the interest of all the sharks.

According to Ayele, the average bottle sells for $39-$49, despite the fact that it only costs $5 to create.

The sharks suggested that the company create a less costly wine in the $15 range to entice new customers who don’t want to pay so much for a brand of wine they’ve never had before.

Following that advice, Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzsky invested $750,000 in Ayele in return for 40% ownership in Bee D’Vine Honey Wine.

Each Shark in the offer would receive a 10% stake. Ayele accepts their offer and is excited to work with four skilled Sharks.

What Happened to Bee D’Vine Following Shark Tank Pitch?

The deal with Mark, Lori, Daniel, and Robert never went through. As of July 20, 2021, the firm is still in existence. Some of their wines, which are available for pre-order, are already out of stock.

What is Bee D’Vine’s Net Worth?

Ayele went on Shark Tank in pursuit of $750,000 in exchange for a 20% ownership in his vineyard. This equates to a $3.75 million valuation.

He accepted a $750,000 offer from Mark, Lori, Robert, and Daniel for a 40% ownership in the company, bringing the total valuation to $1.875 million.

Who are Bee D’Vine’s Competitors?

There are no known competitors for Bee D’Vine.

What Happened to Le-Glue After Shark Tank?

What Happened to Goat Pet Products after Shark Tank Pitch?

Bee D’Vine FAQS

1. What does Bee D’Vine do?

Bee D’Vine produces honey wine, a unique type of wine that is prepared using spring water and honey rather of grapes and is stored in barrels for at least 15 months.

2. Where is Bee D’Vine’s headquarters?

It is located in Napa Valley, and they opened a wine tasting room at The Ferry Building in San Francisco in December 2019.

3. Is Bee D’Vine alcoholic?

Yes, between 11.5 and 12.5 percent.

4. What are Bee D’Vine’s flavours?

Bee D’Vine offers three wine varietals: Brut, Demi-Sec, and Reserve.

5. Who founded Bee D’Vine?

Ayele Solomon founded Bee D’Vine. He has been the founder and winemaker of Bee D’Vine for nearly thirteen years, but before to that, he focused mostly on environmental conservation.

6. How much was Ayele Solomon looking in the Tank?

Ayele Solomon was in the Tank to raise $750,000 in exchange for a 20% stake in his Bee D’Vine. This equates to a $3.75 million valuation.

7. Who are Bee D’Vine’s competitors?

There are no known competitors for Bee D’Vine.

8. Who invested in Bee D’Vine?

Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzsky invested $750,000 in Ayele in return for 40% ownership in Bee D’Vine Honey Wine.

Each Shark in the offer would receive a 10% stake.

9. What happened to the Shark’s deal?