Are you a fan of flavorful and unique nut butter spreads? If so, you may be interested in the story of Wild Squirrel Nut Butter, a company that gained recognition after appearing on the popular TV show Shark Tank. In this article, we’ll explore the journey of Wild Squirrel Nut Butter, including its Shark Tank pitch, business growth, rebranding, and where you can buy their products.
Wild Squirrel Nut Butter, founded by college roommates Keeley Tillotson and Ericka Welsh, caught the attention of the Sharks in season three of Shark Tank. The duo started making peanut butter in their college apartment and quickly gained a following for their unique flavors like Vanilla Espresso and Chocolate Coconut. With several thousand jars of peanut butter already sold, they entered the Shark Tank seeking an investment to take their business to the next level.
Despite receiving offers from multiple Sharks, Keeley and Ericka ultimately accepted a deal with Barbara Corcoran. However, they later decided to forego Barbara’s investment and continue growing their business independently. This bold move proved to be a success, as Wild Squirrel Nut Butter experienced significant growth and expanded its product offerings.
Wild Squirrel Nut Butter gained recognition after appearing on Shark Tank.
The company was founded by college roommates Keeley Tillotson and Ericka Welsh.
They offer unique flavors like Vanilla Espresso and Chocolate Coconut.
Wild Squirrel Nut Butter decided to forego Barbara Corcoran’s investment offer.
The company experienced significant growth and expanded its product offerings.
Takeaways>
The Wild Squirrel Nut Butter Pitch
During their appearance on Shark Tank, founders Keeley Tillotson and Ericka Welsh pitched their business, Wild Squirrel Nut Butter, seeking a $50,000 investment for a 10% share in their company.
While all of the other Sharks had different reasons for declining the opportunity, Barbara Corcoran saw potential in the unique flavors and made an investment offer. She proposed $50,000 for a 40% stake in the business, which Keeley and Ericka eventually agreed to after negotiation.
However, as the due diligence process proceeded, the founders made the surprising decision to forego Barbara’s investment and continue running the business independently.
Shark Tank Pitch Details:
Founders: Keeley Tillotson and Ericka Welsh
Investment Sought: $50,000
Equity Offered: 10%
Investor: Barbara Corcoran
Investment Offer: $50,000 for 40% of the business
Wild Squirrel Nut Butter Shark Tank Update
Following their successful appearance on Shark Tank, Wild Squirrel Nut Butter, now known as Wild Friends Nut Butter, experienced remarkable growth and achieved impressive milestones. The company received a surge of inquiries and managed to expand its distribution to nearly 200 supermarket shelves, reaching a wider customer base.
In 2016, Wild Squirrel Nut Butter faced a copyright infringement lawsuit, which prompted the company to rebrand as Wild Friends Nut Butter. Despite this challenge, the business persevered and went on to achieve even greater success.
The company’s growth was further fueled by a funding round in 2016, where they secured a remarkable $1.4 million from investors. This infusion of capital enabled them to invest in expanding their operations and developing new products.
One of the key drivers of Wild Friends Nut Butter’s growth was their diversification strategy. They introduced new products to their lineup, including oatmeal and nut butter cups, catering to customers looking for healthy and convenient snacks. They also introduced single-serve nut butter packets, tapping into the on-the-go market.
The company’s commitment to innovation and meeting customer needs has paid off tremendously. As of January 2023, Wild Friends Nut Butter boasts an impressive annual revenue of over $14 million, solidifying its position as a remarkable success story in the nut butter industry.
Milestones
Details
Distribution Expansion
Expanded to nearly 200 supermarket shelves
Rebranding
Changed name to Wild Friends Nut Butter due to a copyright infringement lawsuit
Funding Round
Raised $1.4 million from investors in 2016
Product Expansion
Introduced new products like oatmeal, nut butter cups, and single-serve nut butter packets
Annual Revenue
As of January 2023, annual revenue exceeds $14 million
Wild Friends Nut Butter’s Key Achievements
Expanded distribution to nearly 200 supermarket shelves
Successful rebranding to Wild Friends Nut Butter
Raised $1.4 million from investors in 2016
Introduced new products like oatmeal, nut butter cups, and single-serve nut butter packets
Achieved an annual revenue of over $14 million
Wild Squirrel Nut Butter Business Journey
Keeley Tillotson and Ericka Welsh, the founders of Wild Squirrel Nut Butter, embarked on their entrepreneurial journey while attending the University of Oregon. In the confines of their college apartment, they started making their own peanut butter. What initially began as a passion project soon gained popularity among their friends, prompting them to take their homemade creations to local farmer’s markets.
Driven by their entrepreneurial spirit and the positive response to their product, Keeley and Ericka decided to pursue their nut butter business full-time. Their appearance on Shark Tank further validated their vision and gave them the confidence to leave college and focus solely on their business.
With the support of Keeley’s dad, Bruce Tillotson, the Wild Squirrel Nut Butter duo expanded their distribution to major supermarkets, enabling them to reach a wider audience. This strategic move propelled their startup to new heights and solidified their position in the market.
To fuel their growth, Keeley and Ericka secured funding to invest in production, marketing, and expanding their product line. Their dedication, coupled with their innovative flavors and commitment to quality, contributed to the success of Wild Squirrel Nut Butter.
Wild Squirrel Nut Butter Milestones
Milestone
Year
Started making nut butter in college apartment
Year 1
Expanded to farmer’s markets
Year 2
Appeared on Shark Tank
Year 3
Left college to focus on business full-time
Year 3
Expanded distribution to major supermarkets
Year 4
Raised funding for growth
Year 5
The Wild Squirrel Nut Butter journey exemplifies the success that can be achieved through passion, innovation, and perseverance. Keeley and Ericka’s story is a testament to the entrepreneurial spirit and the transformative power of turning an idea into a thriving business.
Wild Squirrel Nut Butter Rebranding and Expansion
After facing a copyright infringement lawsuit from Squirrel Brand, Wild Squirrel Nut Butter made significant changes to its brand. The company rebranded itself as Wild Friends Nut Butter, reflecting its mission to create a community of nut butter enthusiasts. This rebranding was a strategic move to distance itself from the legal dispute and establish a fresh identity in the market.
Alongside the name change, Wild Friends Nut Butter expanded its product line to offer a wider variety of nut butter options. In addition to their original peanut butter, they introduced sunflower and almond butter, catering to customers with different dietary preferences or allergies. To satisfy the cravings for indulgence, they also unveiled delectable spreads like chocolate hazelnut and cashew-blended “super butters.”
The expansion didn’t stop there. Wild Friends Nut Butter recognized the demand for convenience and diversity in their offerings. They introduced lines of oats and nut butter cups, making breakfasts and snacking experiences even more delightful. To cater to on-the-go individuals, they developed single-serve nut butter packets that provided a quick and easy way to enjoy their flavorful creations.
This rebranding and product expansion have allowed Wild Friends Nut Butter to capture a wider market share and appeal to a broader range of consumers. Their commitment to innovation and adaptability has been key to their success in the nut butter industry.
Product Line
Expanded Flavors
Original Peanut Butter
–
Sunflower Butter
–
Almond Butter
–
Chocolate Hazelnut Spread
–
Cashew-Blended “Super Butters”
–
Oats and Nut Butter Cups
–
Single-Serve Nut Butter Packets
–
Wild Friends Nut Butter Business Growth
Wild Friends Nut Butter has experienced remarkable growth, with annual revenue exceeding $14 million. The company has succeeded in expanding its distribution channels, making its products readily available to a wide customer base.
Wild Friends Nut Butter can be found at major retailers like Whole Foods, Costco, Walmart, and Kroger, as well as other grocery stores. This extensive distribution network ensures that customers across the country can easily purchase their favorite Wild Friends Nut Butter flavors.
In addition to traditional retail outlets, Wild Friends Nut Butter also offers direct-to-consumer online sales. This means that customers can conveniently order their favorite nut butter flavors from the comfort of their own homes. The positive reviews from satisfied online customers attest to the exceptional taste and quality of Wild Friends Nut Butter products.
With its robust revenue and widespread distribution, Wild Friends Nut Butter has established itself as a leader in the nut butter industry. Customers can enjoy their delicious and nutritious products both in-store and online, making it easier than ever to satisfy their nut butter cravings.
Key People Behind Wild Squirrel Nut Butter
Keeley Tillotson and Ericka Welsh are the founders of Wild Squirrel Nut Butter. Their entrepreneurial journey began in their college apartment at the University of Oregon, where they started making their own peanut butter. What started as a homemade treat for friends quickly turned into a thriving business.
As their company grew, they enlisted the expertise of key individuals to help drive their success. Keeley’s father, Bruce Tillotson, joined the team as the chief salesperson after previously working for Honest Tea. His experience in the food industry and passion for their product proved invaluable in expanding their distribution to major supermarkets.
Joining the Wild Squirrel Nut Butter team is Beth Hanson, a former General Mills executive, who took on the role of VP of Sales. Her extensive knowledge of the industry and strategic approach has contributed to the company’s continued growth and expansion.
Another vital addition to the team is Christina McCalla, formerly of Annie’s, who serves as the director of marketing. Her expertise in building brands and reaching target audiences has been instrumental in elevating the visibility and appeal of Wild Squirrel Nut Butter products.
Together, these individuals form a dynamic team that has propelled Wild Squirrel Nut Butter to new heights. Their dedication, expertise, and passion for quality nut butters have played a significant role in the company’s success.
Having a strong team behind them has allowed Keeley Tillotson and Ericka Welsh to focus on innovation and building a brand that resonates with consumers. Their unwavering commitment to quality and their entrepreneurial spirit continue to drive Wild Squirrel Nut Butter’s growth in the market.
Wild Friends Nut Butter Financing and Investors
In 2016, Wild Friends Nut Butter secured $1.4 million in funding from investors on CircleUp, a leading equity crowdfunding platform. This influx of capital allowed the company to expand its operations and accelerate its growth trajectory.
Among the investors who recognized the potential of Wild Friends Nut Butter was John Foraker, the president of Annie’s, a well-known organic food brand. In addition to providing financial backing, Foraker also became a valuable mentor to co-founders Keeley Tillotson and Ericka Welsh, leveraging his extensive experience in the industry to guide them on their entrepreneurial journey.
The support from such a seasoned and successful industry professional speaks volumes about the promise and potential of Wild Friends Nut Butter. With Foraker’s involvement, the company gained access to invaluable expertise and networks, which undoubtedly contributed to its subsequent achievements.
In 2018, Wild Friends Nut Butter further solidified its position in the market by raising an additional $3.5 million in funding. This infusion of capital allowed the brand to continue expanding its product line, enhancing its distribution channels, and driving further growth.
While the exact ownership breakdown of Wild Friends Nut Butter is not publicly disclosed, it is evident that the company has attracted a diverse group of investors who are confident in its vision and its potential to disrupt the nut butter industry.
Recent Funding Summary
The funding journey of Wild Friends Nut Butter can be summarized as follows:
Year
Funding Amount
2016
$1.4 million
2018
$3.5 million
The commitment from investors and the financial resources secured by Wild Friends Nut Butter have undoubtedly played a crucial role in the brand’s continued success and growth. With a solid financial foundation, Wild Friends Nut Butter is well-positioned to capitalize on the increasing demand for healthy, natural food products and further establish itself as a dominant player in the nut butter market.
Consumer Appeal and Future Plans
Wild Friends Nut Butter has garnered a strong consumer appeal due to its unique and healthy flavors. With a focus on providing delicious and nutritious products, the brand has successfully captured the attention of health-conscious individuals looking for quality nut butter options.
The company’s dedication to innovation is evident in its continuous efforts to expand its product line beyond traditional nut butters. Wild Friends Nut Butter is actively exploring the launch of new snacks that complement its existing offerings, providing consumers with even more wholesome and delightful choices.
Keeley Tillotson, one of the founders of Wild Friends Nut Butter, envisions a bright future for the brand. She recognizes the immense opportunity presented by the Millennial generation and aims to build a brand that resonates with their values and preferences. Inspired by the success of Annie’s, Keeley aims to create a similar connection with the target demographic, focusing on building trust, sustainability, and quality as the core pillars of the brand.
The brand’s commitment to delivering exceptional products that align with consumers’ desires and its clear vision for the future contribute to its ongoing success and growth in the market.
Wild Friends Nut Butter Future Plans
Looking ahead, Wild Friends Nut Butter has several exciting plans in store. In addition to expanding its range of snacks, the company aims to further develop its online presence and e-commerce capabilities to reach a broader consumer base.
Furthermore, they are continuously exploring partnerships and collaborations with like-minded brands and influencers to amplify their reach and create mutually beneficial relationships in the marketplace. By leveraging these collaborations, Wild Friends Nut Butter aims to increase brand awareness and establish itself as a trusted and sought-after name in the nut butter industry.
Table: Wild Friends Nut Butter Future Plans
Initiative
Description
Product Expansion
Introduce new snack options
Online Presence
Enhance e-commerce capabilities
Partnerships & Collaborations
Forge strategic alliances with brands and influencers
By strategically aligning consumer preferences, innovative product development, and thoughtful brand partnerships, Wild Friends Nut Butter is positioning itself for long-term success and continued growth in the dynamic nut butter market.
Where to Buy Wild Squirrel Nut Butter
If you’re looking to satisfy your nut butter cravings, you can find Wild Squirrel Nut Butter, now known as Wild Friends Nut Butter, at several major retailers. Whether you prefer to shop in-store or online, there are convenient options available to get your hands on these delicious spreads.
For those who prefer the traditional shopping experience, you can find Wild Friends Nut Butter at popular supermarket chains like Whole Foods, Costco, Walmart, and Kroger. These retailers stock a wide variety of Wild Friends products, including their unique flavors and other nut butter creations.
If you’re looking to shop from the comfort of your own home, fear not! Wild Friends Nut Butter is also available for direct-to-consumer sales online. Simply visit their website and explore their range of nut butters and other tasty treats. With just a few clicks, you can have your favorite flavors delivered right to your doorstep.
FAQ
What happened in the Wild Squirrel Nut Butter Shark Tank episode?
Wild Squirrel Nut Butter appeared on Shark Tank in season three and received an investment offer from Barbara Corcoran.
What flavors does Wild Squirrel Nut Butter offer?
Wild Squirrel Nut Butter offers unique flavors like Vanilla Espresso and Chocolate Coconut.
How much investment did Wild Squirrel Nut Butter seek on Shark Tank?
Wild Squirrel Nut Butter sought a $50,000 investment for a 10% share in their business.
Who made an investment offer on Shark Tank?
Barbara Corcoran offered $50,000 for 40% of the business.
Did Wild Squirrel Nut Butter accept Barbara Corcoran’s investment offer?
No, they decided to forego Barbara’s investment and continue on their own.
What happened to Wild Squirrel Nut Butter after their Shark Tank appearance?
They received a lot of inquiries and expanded to nearly 200 supermarket shelves.
Why did Wild Squirrel Nut Butter change its name to Wild Friends Nut Butter?
They changed their name due to a copyright infringement lawsuit.
What other products does Wild Friends Nut Butter offer?
They offer other nut butters like sunflower and almond butter, as well as chocolate hazelnut spreads and cashew-blended “super butters.”
How much revenue does Wild Friends Nut Butter have?
As of January 2023, the company has over $14 million in annual revenue.
Who are the founders of Wild Squirrel Nut Butter?
Keeley Tillotson and Ericka Welsh are the founders of Wild Squirrel Nut Butter.
What retail stores sell Wild Squirrel Nut Butter?
You can purchase Wild Squirrel Nut Butter at major retailers like Whole Foods, Costco, Walmart, and Kroger.
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