After appearing on Shark Tank in 2015, Fizzics received a lot of attention and grew rapidly. However, in 2019 the company abruptly shut down.
So what happened?
Fizzics was founded in 2012 with the aim of making beer taste better. The company developed a machine that used sound waves to improve the taste and density of beer.
After appearing on Shark Tank, Fizzics secured a deal with Mark Cuban and Lori Greiner. The company then went on to raised $2 million in funding and grew rapidly.
However, in 2019 Fizzics ran into financial difficulties and was forced to shut down. The company had difficulty scaling its business model and was unable to generate enough revenue to sustain its growth.
Fizzics was a victim of the harsh realities of the business world. Sometimes even the best companies and products can fail if they don't have a solid business model.
Fizzics was founded in 2014 with the mission to improve the taste of beer. The company's flagship product is the Fizzics Waytap, a handheld device that uses sound waves to aerate and enhance the flavor of beer. The Waytap is now available for purchase in the United States, Australia, and New Zealand.
The company raised over $11 million in funding from investors like Khosla Ventures. The money will be used to continue development of the company’s technology and expand its team.
Fizzics ran into trouble when it failed to deliver on its promises to improve the taste of beer. The company raised over $2 million from investors, but it was unable to deliver on its claims. Fizzics has since shut down.
In 2017, MillerCoors acquired the company for a fraction of its original valuation. The move was widely criticized by industry analysts, who said that the company was worth far more than what MillerCoors paid for it.
We are sorry to report that Fizzics is no longer in operation and its products are no longer available. We have no further information at this time. Thank you for your interest.