📷 Image by @SharkTankGlobal on YouTube
Note: This content is fan-created and not affiliated with the producers or network of Shark Tank or the product itself.
What is Little Saints?
Little Saints offers non-alcoholic cocktails and spirits infused with functional mushrooms like reishi and lion's mane. They are sugar-free, low-calorie, and designed to provide a relaxing "take the edge off" feeling without the negative effects of alcohol.
Little Saints's Shark Tank Pitch Recap
Megan Klein pitched Little Saints, a non-alcoholic cocktail and spirits company infused with functional mushrooms, seeking $500,000 for 5% equity. She highlighted the brand's health benefits, sophisticated flavors, and DTC success. While the Sharks were impressed with her background and the company's growth, they found the $10 million valuation too high. Rashaun Williams offered $500,000 for 10%, and later, Kevin O'Leary joined him for a combined 15% offer, but Megan declined both, ultimately leaving without a deal.
Who invested in Little Saints?
No sharks invested
Little Saints's Pitch Highlights
Megan Klein put $1 million of her own savings into the company.
Little Saints grew 600% between October 2022 and the show's taping.
The company pivoted to a direct-to-consumer (DTC) model after initial struggles.
The most popular product is the bottled spirit, St. Amber, which retails at $49.99.
The founders' background includes law, a hydroponic basil farm, and a plant-based food brand.
Megan Klein got her MBA from Kellogg while running the plant-based food company
Little Saints Shark Tank Update
- Raised $3.1 million from angel investors.
- Secured placement in about 800 stores nationwide.
- Expanded product line with new flavors.
Key Milestones
2021 - Company Launch
Little Saints was launched in Detroit.
2023 - New Product Launch
Launched St. Ember, a non-alcoholic spirit.
2024 - Sales Milestone
The company achieved $9.6 million in sales.
