It can be hard to find a dessert that is both fun and different. Even while these delicacies are wonderful, the typical flavors offered by many ice cream stores don’t provide a genuinely distinctive experience. It might be challenging to locate a dessert that stands out for anyone looking to add excitement to their selections.
Life Raft Treats can help with this. The idea behind Life Raft Treats was to make desserts more enjoyable and unexpected. Life Raft Desserts was established by talented pastry chef Cynthia Wong and is well-known for its creative frozen desserts that resemble common dishes but have a delectable ice cream flavor.
Cynthia and her husband, John David Harmon, submitted Life Raft Treats to the Sharks on Season 16 of Shark Tank in the hopes of receiving funding to expand their company across the country. The entrepreneurs requested $250,000 for 5% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Life Raft Treats update to find out!
Life Raft Treats Net Worth Shark Tank Update 2025
Cynthia Wong and John David Harmon asked for a $250,000 investment in exchange for 5% equity in their company. This meant they valued Life Raft Treats at $5 million. However, they did not secure a deal with the Sharks, so the valuation remained unchanged at $5 million. After the show aired, Life Raft Treats saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Life Raft Treats in 2024 is about $7.32 million.
As for the Life Raft Treats update, Life Raft Treats has continued to operate successfully since Shark Tank. The business is still in operation and selling its distinctive ice cream products as of today. Their items are shipped all throughout the country, including to Alaska and Hawaii, and they are well-liked for private occasions like weddings.
In addition, Life Raft Treats has grown its follower base on Instagram to over 40,000, and they have moved its manufacturing into a bigger space. Despite not having a Shark Tank deal, Life Raft Treats has grown significantly and continues to wow customers with its inventive ice cream creations.
No, Shark Tank did not help Life Raft Treats land a contract. The Sharks declined to invest in the business despite their compelling pitch and distinctive offering. Given that the product is incompatible with specific sensitivities, some Sharks were worried about the product’s limited market appeal and hefty production expenses. Nevertheless, Cynthia and John departed in a positive mood, pleased with their enterprise.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Todd Graves | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Life Raft Treats Shark Tank pitch
Cynthia Wong established Life Raft Treats with her husband, John David Harmon. Before launching Life Raft Treats in 2018, Cynthia, a six-time semifinalist for the James Beard Award for Outstanding Pastry Chef, worked for years as a pastry chef. She aimed to produce something that would surprise and delight people, both in terms of taste and appearance.
Cynthia chose to create frozen delights that resemble common cuisines like fried chicken or even ramen bowls since she loves to create art. It was difficult to start the business; they first operated out of a tiny kitchen and encountered difficulties during the COVID-19 pandemic. Nonetheless, Life Raft Treats was able to endure and prosper thanks to their ingenuity and tenacity.
Cynthia and John presented Life Raft Treats as an entertaining and creative dessert firm during their Shark Tank pitch. They brought samples of some of their unusual ice creams, such as “Not Fried Chicken.” Cynthia mentioned that her goal was to create enjoyment through her crafts, converting conventional desserts into a joyful experience.
In an effort to broaden their consumer base and introduce their wacky delicacies to more people nationwide, the pair requested $250,000 in exchange for a 5% equity investment in their business. Keep reading our Life Raft Treats update to see what happens next!
One of the sharks questioned how they sell their products. The founders that their product is available at 500 retail locations across the country.
Lori Griener asked about the price of the bucket. The founder revealed that it’s for $109.
Kevin O’Leary asked about the sales. According to the founders, their last year sales were $1.2 million and made 5% net operating income. This year they are going to make $1.7 million.
The sharks didn’t ask many questions as they were not interested in investing.
Daymond John was worried about the limited market, so he decided not to invest despite liking the inventiveness.
Lori Greiner liked the product but didn’t think the company would turn a profit given the high cost of manufacture.
Kevin O’Leary expressed concern about the product’s restrictions regarding allergies, which caused him to decide against making the purchase.
Mark Cuban chose not to participate because he thought the product was intriguing but was concerned about its mass-market potential and scalability.
Todd Graves appreciated the inventiveness, but he decided not to make an offer since he didn’t think it would fit well with his investment portfolio.
What Went Wrong With Life Raft Treats On Shark Tank?
Due to their narrow target market and high manufacturing costs, Life Raft Treats encountered difficulties on Shark Tank. Despite its inventiveness, the product’s potential market was constrained because it was unsuitable for those with severe allergies. Additionally, several Sharks believed that the company’s narrow market and the difficulty of making each item may make it difficult for it to turn a profit in the long run. In the end, these worries caused the Sharks to decline the investment.
Product Availability
From our Life Raft Treats update research, Along with a variety of unusual ice cream creations, such as their well-known “Not Fried Chicken” ice cream, Life Raft Treats also sells treats in the shapes of waffles, hot dogs, and seafood. Every product is made with premium ingredients and meticulous attention to detail, which results in a visually stunning and delectable final product. These sweets are available for purchase on the company’s website Life Raft Treats, and Life Raft sweets ships all throughout the country through Goldbelly.
Conclusion
With its art-inspired frozen delicacies, Life Raft delicacies gave Shark Tank a distinctive spin. Its inventiveness and commitment to bringing happiness through desserts caught viewers’ attention. The business has grown despite not landing a deal, demonstrating that there is a market for its wacky ice creams.
Life Raft Treats is still operating and entertaining clients all across the United States with their whimsical creations thanks to a devoted fan base and nationwide shipping possibilities. In the future, Cynthia and John will be in a good position to grow and offer dessert enthusiasts worldwide more creative ice creams. Watch for Life Raft goodies’ upcoming major developments they’re likely to continue delighting fans with creative new goodies!
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
