Chill Systems Hikes Prices Amid Financial Struggles Despite Strong Sales
Chill Systems, a startup offering portable drink chilling systems, has been facing financial challenges despite strong sales. The company, founded by Brian Bloch and Chase Mitchell, has increased the price per cooler sold to mitigate losses. Their products are available on Amazon and their official website.
Chill Systems' flagship product, the Chiller, uses frozen gel to keep drinks cold. It can effectively cool multiple batches of beverages throughout the day, with the Tote and Pack extending the lifespan and keeping drinks cool for at least 24 hours. Despite not securing a deal on Shark Tank, the company continued to sell their coolers.
Brian and Chase appeared on Shark Tank in 2018, having sold $161,000 worth of Chill Systems in about two years, with $111,000 from sales and $50,000 from a Kickstarter campaign. On the show, they sought $150,000 for a 15% stake in the company but left without a deal due to financial management and pricing issues.
Chill Systems' Chiller can chill up to four drinks at once, including three 12-ounce bottles or pitchers from the side and one jug between 750 and 1000 ml from the top. Despite facing financial challenges, the company continues to innovate and sell their products, with a focus on extending the lifespan of their drink chilling systems.
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