Bee Free Honee - Shark Tank Update

apple-based vegan alternative to honey

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Season 7, Episode 17 Founded by Melissa Elms, Katie Sanchez Out of Business

Bee Free Honee Details

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Shark Tank Episode Details

Founders Melissa Elms, Katie Sanchez
Air Date 2016-02-12
Season & Episode Season 7, Episode 17
Initial Ask $100K for 10.0% equity
Deal Details Got deal: $210K for 30.0% equity from Barbara Corcoran, Mark Cuban, Chris Sacca
Estimated Yearly Revenue N/A
Estimated Net Worth (4x estimated revenue) N/A

The Shark Tank Pitch

Plant-based innovation meets environmental consciousness in the creative collaboration between Melissa Elms and Katie Sanchez, who transformed a simple apple-based recipe into Bee Free Honee, a revolutionary vegan alternative to traditional honey that addressed both ethical concerns about bee exploitation and environmental issues surrounding industrial beekeeping practices. The entrepreneurs recognized that growing numbers of vegans, environmentally conscious consumers, and people with bee-related allergies were seeking authentic honey alternatives that could deliver the same sweetness, consistency, and culinary versatility as traditional bee-produced honey without the ethical complications or potential health concerns.

Their innovative product was crafted from organic apples through a proprietary process that concentrated natural fruit sugars and flavors to create a sweetener that closely mimicked honey's taste, texture, and cooking properties, offering a clean label alternative that appealed to health-conscious consumers seeking natural sweeteners free from artificial additives and processing. Bee Free Honee positioned itself within the rapidly growing plant-based food movement, targeting not only vegans but also environmentally aware consumers concerned about declining bee populations, parents seeking healthier alternatives for children's diets, and cooking enthusiasts looking for unique, sustainable ingredients that could enhance both flavor and values alignment in their culinary creations.

Seeking $100,000 for 10% equity, Melissa and Katie entered the Tank with their apple-based honey alternative, compelling environmental messaging, and growing market validation from health food stores and conscious consumers who appreciated both the product's taste and its alignment with sustainable, cruelty-free lifestyle choices.

Where Are They Now?

The sharks were immediately interested in both the product concept and the growing market for plant-based alternatives, leading to competitive bidding that reflected genuine excitement about the intersection of environmental responsibility and commercial opportunity in the natural foods market. The entrepreneurs' pitch proved so compelling that they attracted three sharks who recognized the potential for Bee Free Honee to capture significant market share in the expanding vegan and health-conscious consumer segments, ultimately securing a deal of $210,000 for 30% equity with Barbara Corcoran, Mark Cuban, and Chris Sacca, substantially exceeding their original funding request while gaining access to diverse expertise in retail, marketing, and scaling consumer products.

The multi-shark partnership initially appeared promising as the investors' combined networks and experience could have provided Bee Free Honee with the resources needed to expand distribution, increase production capacity, and compete effectively against established honey brands and emerging plant-based alternatives in an increasingly crowded natural foods marketplace.

However, despite the strong initial investor interest and the product's alignment with growing consumer trends toward plant-based eating and environmental sustainability, Bee Free Honee ultimately struggled to maintain momentum in the competitive natural foods market, facing challenges including manufacturing scaling difficulties, distribution limitations, and the fundamental challenge of educating consumers about the benefits of switching from traditional honey to plant-based alternatives. By 2020, the company had largely disappeared from retail shelves and online marketplaces, with social media accounts becoming inactive and the brand website going offline, illustrating how even well-funded, trend-aligned food products can struggle against established consumer preferences and the complex requirements of scaling food manufacturing and distribution, though our latest research shows it's not in business anymore.

Revenue

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