ProntoBev Update | Shark Tank Season 9 

The challenge of chilling wine quickly with ice often leads to a watered-down taste. Alexander Simone addressed this issue with ProntoBev, a device that chills wine in just 30 seconds without diluting it. His innovation stemmed from his own experiences of trying to rapidly cool wine without compromising its flavor. In this ProntoBev update and pitch recap, let’s find out if this invention impressed the sharks. 

If you’re short on time, here’s a quick overview of what happened to ProntoBev after Shark Tank.

Alexander Simone entered Shark Tank Season 9, seeking $100,000 for 5% equity in his 30-second wine chiller. After his pitch, he secured a deal with Mark Cuban for $100,000 in exchange for 25% equity.

In terms of a ProntoBev update, the company’s journey since appearing on the show has been fraught with challenges. The company faced numerous accusations of being a scam and failed to fulfill any of its orders. Given these issues, it is presumed that the company is now out of business.

Shark	Result
Mark Cuban	Accepted offer of $100,000 for 25% equity
Kevin O’Leary	$100,000 for 50% equity
Lori Greiner	No offer
Daymond John	No offer
Robert Herjavec	No offer

Shark Tank ProntoBev Pitch

• Entrepreneur: Alexander Simone
• Business: 30-second wine chiller
• Ask: $100,000 for 5% equity
• Result: $100,000 for 25% equity
• Shark: Mark Cuban

Alexander Simone presented his innovative wine chiller, ProntoBev, on Shark Tank. ProntoBev can cool your drink in just 30 seconds without affecting the taste.

It’s perfect for anyone who enjoys chilled wine but hates waiting.

ProntoBev uses a special “pronto gel” under the stainless steel to quickly transfer heat, chilling one bottle at a time. 

It can also cool other drinks like coffee, juice, and whiskey much faster than traditional methods.

Unlike bulky wine fridges, ProntoBev is compact and efficient. It has a digital thermometer so you can easily monitor and set the perfect temperature for your drink. 

The chiller is also dishwasher safe, making it easy to clean. Importantly, it cools drinks without changing their taste or diluting them.

Although ProntoBev is still in production, Alexander raised $54,000 in two months through crowdfunding. 

Each unit costs $22 to make, and he sold them for $89 on IndieGoGo, with plans to retail for $129.

Daymond John was not impressed with the valuation and dropped out. 

Mark Cuban agreed with Daymond’s stance and went out. 

Robert Herjavec thought it was too soon for investments, so he dropped out of the deal as well.

Kevin O’Leary saw the merit of this product and offered $100,000 for 50% equity. 

On the other hand, Lori Greiner thought Alexander was onto something clever with ProntoBev, but she ended up dropping out as well. 

Alexander countered Kevin’s offer with $100,000 for 20%, but Kevin declined because he felt he was integral to the success of this product. With no sales yet, he wouldn’t budge.

Mark Cuban asked Alexander about his next product, a martini chiller, and ended up coming back to offer $100,000 for 25%, contingent on raising an additional $100,000 for the new martini chiller. Alexander agreed, and they made a deal.

Was this a good move for Alexander? Let’s find out in our ProntoBev update.

Shark Tank ProntoBev Update 

During our research for a ProntoBev update, we found that the deal with Mark Cuban never materialized. 

Further, by June 2021 Alexander had yet to produce a single product for IndieGoGo backers. 

Although the company’s website claims it met Mark’s contingency and is open to further investments, it appears to have been inactive for several years. 

Our ProntoBev update research found that the social media channels are also inactive, and the website is currently out of service.

At the time, some IndieGoGo backers were demanding refunds, and Alexander’s former fraternity brother, who purchased the product, has publicly labeled the venture a scam. 

At the time of writing, there has been no progress in fulfilling the IndieGoGo orders, and it is impossible to purchase a ProntoBev chiller.

With no sales since Shark Tank, it appears this will be our final ProntoBev update.

You can find the other company updates from Season 9 Episode 11 here:

• Slumberkins Update
• Cut Buddy Update
• Reely Hooked Fish Co. Update

Before you go, be sure to check our Shark Tank Season 9 page for more updates!