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Biem Butter Sprayer Shark Tank Update

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Biem Butter Sprayer is a device that turns the solid stick of butter into a liquid state in seconds. Biem Butter Sprayer is a perfect sprayer as it sprays the right proportions of butter onto eatables. Biem Butter Sprayer uses no chemicals or propellants.

Biem melts the butter without scorching. It means serving it with hygiene, it cares for the right amount while cooking or adding it to the bread and food. Biem works on a rechargeable battery that lasts up to many years, which means it’s a kind of one-time investment for a period of a few years. 

Biem Butter Sprayer at a Glance:-

IdeaLiquid butter Sprayer
FoundersDoug Foreman
Asked For$500,000 for 5% equity
Accepted Deal$500,000 for 14% equity
SharksLori Greiner
Business statusOut of  Business
Episode No.Season 8, Episode 4

Index:

Who are the founders of Biem Butter Sprayer?

Biem was created by Doug Foreman. Prior to Biem, Foreman created two lines of healthy chips and dips named Beanitos and Guiltless. In April 2016, Foreman organized a Kickstarter campaign for Biem and raised $235K. He created it to ease the process of spraying butter without the use of chemicals.

Foreman promotes healthy food and hence, he created a unique product. Even when the Kickstarter orders were not fulfilled, Foreman seemed relaxed and decided to go forward with his business anyway.

Did Biem Butter Sprayer get a deal on the Shark Tank?

Doug came on the show looking for an investment of $500,000 for 5 % equity. He explained his product and completed the working process with the help of a video clip. Doug handed a bowl of popcorn to all the Sharks. Robert asked if there was any other sprayer or alternative sprayer, to which Doug replied ‘No’ and said he had two pending patents on the device. Robert asked about the valuation, for which Doug said he was forecasting sales of $100,000 units, which means a valuation of $10 million.

Lori tries to ask a question and Daymond John cut her off in the middle and put his bid of $500,000 for 17.5  % equity.  Kevin O’Leary jumped onto the pitch and gave an offer of $500,000 for 10% equity in exchange. Lori Greiner asked them if they could make two models, which included a high-end and a cheaper one. Doug said he was open to doing that, which impressed shark Lori and she made an offer of $600,000 for 20% equity.

https://www.youtube.com/watch?v=AZ9MkbTpCHo

Robert Herjavec also showed his interest by offering $500,000 in exchange for 10% equity in his company. After some discussion, Daymond John went out as Doug was being indecisive. When Doug tries to call Mark, Robert also goes out. Doug asked Lori if she could match Kevin’s offer and Lori agreed to go with the offer. Lori Greiner made it better by making it at 14% equity and they made a deal.

See also  PittMoss Shark Tank Update

What happened to Beim Butter Sprayer after  Shark Tank?

After the Show, Biem Butter Sprayer got a limited number of customers on its website and orders. The deal made on the show with Lori Greiner fell through. Biem’s first version fails after the show. So, they went for the Biem 2.0 version. They now usually sell it on their own websites as of 2019.

Biem Butter Sprayer received positive reviews for it but there were still some odds during the period which they gradually overcame after the show.   As of May 2021, there are no updates or posts made by Biem Butter on its official Facebook page since 2019. All the list is shown outside of stock statements on its website. Biem Butter seemed to be out of business as per its negative attitude.

There are no updates or updates on its social media pages and still, after a year the product, has sold out on its website. Kickstarter backers are complaining that they haven’t received any products. During the pitch, they asked for a valuation of $10,000,000. At the end of the pitch, the deal was finalized at a valuation of $3,571,428 approx. Each unit costs around $466 and it sold for $137.

Biem Butter Sprayer didn’t seem to be a profitable business. There is no more addition of any version. As of June 2022, there are still no updates that have been made on their official website, which means they are out of business.

Competitors of Biem Butter Sprayer

  • WM Lifestyle
  • Ooni
  • Pro Pizza Oven
  • Kitchen Aid.

What is the net worth of Biem Butter Sprayer?

At the time of the show, Biem was valued at around $3.5 million. Unfortunately, the net worth of Biem Butter Sprayer cannot be spotted as it is running out of business on the basis of its zero activeness all over its working platforms.

Is Biem Butter Sprayer still in business?

No, Biem Butter Sprayer is not in business anymore. As there are no updates made on the website, no posts have been added for a couple of years.

Biem Butter Sprayer social links:

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FAQs:

What is Biem Butter Sprayer?

Biem Butter Sprayer is a device that turns the solid stick of butter into a liquid state in seconds. Biem Butter Sprayer is a perfect sprayer as it sprays the right proportions of butter onto eatables. Biem Butter Sprayer uses no chemicals or propellants.

Who founded Biem Butter Sprayer?

Biem was created by Doug Foreman. Prior to Biem, Foreman created two lines of healthy chips and dips named Beanitos and Guiltless.

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