|SEASON 12 EPISODE 5|
|Pitch||sustainably produced, barrel-aged honey wine from Sonoma Valley|
|Asked For||$750,000 for 20%|
|Deal||$750,000 for 40%|
|Shark||Mark Cuban, Lori Greiner, Robert Herjavec, Daniel Lubetzky|
What is Bee D’Vine?
Bee D’Vine is a company which produces honey wine. Honey wine, commonly referred to as mead, is one of the world’s oldest known fermented drinks. Bee D’Vine’s honey wines are made with spring water and honey, no grapes, and are barrel-aged for a minimum of ten months.
The resulting products contain roughly 17% alcohol but vary based on the specific type, such as Brut, Demi-Sec, or Reserve.
Who Owns Bee D’Vine?
Bee D’Vine was founded by Ayele Solomon. He’s served as Bee D’Vine’s proprietor and winemaker for nearly thirteen years; prior to starting his own company, however, he focused primarily on environmental conservation. His professional interests include entrepreneurship, development and environmental finance, and justice issues related to economics, society, and environmentalism.
Ayele Solomon has always been passionate about resource conservation and environmental protection. In 2009, he was traveling through the rainforest in Ethiopia’s Kaffa Province.
The rainforest was in a state of disrepair as a result of resource depletion; seeing this, Ayele internally searched for a potential solution. He thought if the trees’ perceived value were able to be increased, that would serve as an incentive for the local community to better protect them.
The trees in the Kaffa Province are largely flowering trees which provide the nectar and pollen necessary for bees to produce honey. Considering Ethiopia’s national drink is t’ej, or honey wine, Ayele was inspired to begin studying how the drink is produced.
This endeavor continued upon his return back home to California, where he later founded his honey wine company, Bee D’Vine.
Bee D’Vine Shark Tank Update
Did Bee D’Vine Get a Deal on Shark Tank?
On Shark Tank Season 12 Episode 5, Ayele Solomon entered the Shark Tank looking for $750,000 for 20% of his sustainable honey wine business, and accepted an offer of $750,000 for 40%, from Mark Cuban, Lori Greiner, Robert Herjavec, and geust Shark Daniel Lubetzky.
Is Bee D’Vine Still in Business?
As of today, the company is still in business. They have since expanded their product selection to include several different varieties of honey wine, a few grape-based wines, a berelé flask, and an in-house book detailing the long history of honey wine as one of the world’s oldest beverages.
Bee D’Vine’s products can currently be purchased on their website, beedvine.com, and the company looks forward to potentially expanding their brand accessibility in the future.