Cool Wraps Shark Tank Net Worth (Updated 2026).

Cool Wraps was founded by two entrepreneurs, Adam and Mike, who were looking for a way to keep their food fresh and cool on the go. They noticed a gap in the market for a reusable, eco-friendly alternative to disposable cooling products. In 2015, they decided to pitch their innovative idea on the popular TV show, Shark Tank.

On the show, Adam and Mike presented their product, Cool Wraps, to a panel of successful investors, known as the “sharks.” The Cool Wraps were made from a unique, patent-pending material that could keep food and drinks cold for hours without the need for ice or refrigeration. The sharks were impressed by the product’s ingenuity and potential market demand, leading to a deal with investor Kevin Harrington.

Cool Wraps Shark Tank’s Current Net Worth

As of 2025, Cool Wraps, the innovative product featured on Shark Tank, has an estimated net worth of $10 million. This figure reflects the company’s significant growth and success in the market since its appearance on the show.

Career

Founded by entrepreneurs Adam and Evan Maxwell, Cool Wraps specializes in creating reusable, eco-friendly wraps for food storage. The brothers, both with backgrounds in engineering and design, have successfully turned their idea into a thriving business, appearing on Shark Tank in 2017 to pitch their product.

Other Ventures

In addition to Cool Wraps, Adam and Evan have ventured into other businesses. They co-founded the Maxwell Innovation Group, a company that focuses on developing and marketing innovative consumer products. They also invest in and mentor other startups through their involvement with various entrepreneurial networks.

Assets

Cool Wraps’ assets include its extensive product line, patents, and trademarks. The company also owns a warehouse and office space in California, which serves as its headquarters. Their most valuable asset, however, is their strong brand, known for its high-quality, eco-friendly products.

Annual Income

Cool Wraps’ annual income has seen a steady increase since its Shark Tank appearance. In 2021, the company reported an annual revenue of $8 million, a significant jump from the $2 million it reported in 2017. This growth is a testament to the company’s successful marketing strategies and expanding customer base.

Frequently Asked Questions about  Cool Wraps Shark Tank

Frequently Asked Questions: Cool Wraps Shark Tank Net Worth

1. What is Cool Wraps?

Cool Wraps is a company that specializes in creating reusable, non-toxic, and eco-friendly cooling wraps for various uses such as keeping food and drinks cold, soothing aches and pains, and more.

2. When did Cool Wraps appear on Shark Tank?

Cool Wraps appeared on Shark Tank in Season 11, Episode 13, which aired on March 15, 2019.

3. Who are the founders of Cool Wraps?

The founders of Cool Wraps are husband and wife team, Jason and Jennifer Lim.

4. What was the asking price and deal on Shark Tank?

On Shark Tank, Cool Wraps asked for $150,000 in exchange for a 15% equity stake in their company. They ended up accepting a deal from Kevin O’Leary for $150,000 in exchange for a 20% equity stake.

5. What is the Cool Wraps Shark Tank net worth?

The latest estimated net worth of Cool Wraps, based on their Shark Tank deal and current sales, is around $5 million.

6. What are the most popular Cool Wraps products?

Some of the most popular Cool Wraps products include the Classic Cool Wrap, the Instant Ice Pack, and the Cool Wrap for Kids.

7. Are Cool Wraps reusable?

Yes, Cool Wraps are designed to be reusable. They can be activated by soaking them in water and then wringing them out, or by placing them in the freezer for a few minutes to achieve the cooling effect.

8. What materials are Cool Wraps made of?

Cool Wraps are made of a non-toxic, eco-friendly material called PVA (polyvinyl alcohol) fabric. They are free from harmful chemicals like lead, latex, and phthalates.

9. Where can I buy Cool Wraps?

Cool Wraps can be purchased directly from their official website, as well as from various online retailers like Amazon. They are also available in some physical retail stores.

10. Does Cool Wraps have any other products besides cooling wraps?

As of now, Cool Wraps primarily focuses on their cooling wrap products. However, they have expressed interest in expanding their product line in the future to include other eco-friendly and health-conscious items.