In order to create a shelf-stable product, the cans go through the retort process (think a large pressure cooker). The company sources its milk from about 30 family-owned U.S. dairy farms and uses recyclable aluminum to package its milk. Their original goal was $400,000 in exchange for a 10% stake in the company. Dairy-based ingredients It is a good source of calcium, protein, and other nutrients. 352 talking about this. Ingredients: Lowfat Milk with Vitamin A Palmitate, and Vitamin D3 Added, Sugar, Less than 2% of Cocoa Processed with Alkali, Calcium Carbonate, Cellulose Gel, Modified . Slate Milk is a great alternative to traditional chocolate milk. I bought the 12-can variety pack, which as you . Without preservatives, using this process, we can deliver products safely to your door without refrigeration. To pull chocolate milk (or any flavored milk) and replace it with regular requires nothing more than a few strokes of the pen for a pat on the back. Next into the tank is a grown-up version Of a childhood favorite What up sharks I'm Manny I'm Josh and we Are slate chocolate milk we're seeking 400 000 in exchange for 10 of our Business sharks you can be the happiest Version of yourselves if you Embrace who You are and what you enjoy Lori you can sing in traffic if it makes You smile Mark you can wear that hat if You feel like it's just And . And it uses the natural sweetener monk fruit to maintain the right level of sweetness. Trendspotter It is available on their website and a number of stores including Roche Brothers, Harris Teeter, Whole Foods Market, and a number of smaller supermarkets. When it comes to flavor, 2023 promises more exciting experiences in food and beverage than ever before. They say their chocolate milk is low in sugar and lactose-free, comes in a can, contains no artificial ingredients, and can be purchased online. But a pair of Boston entrepreneurs hope to change that this month, with a new brand of canned chocolate milk called Slate. Yes! Manny has a degree in Marketing and Communication from Northeastern University and has previous experience in the industry from co-founding another firm. The company has seen success in both the United States and Canada, with its products being carried in major retailers such as Walmart and Target. Manny Lubin and Josh Belinski co-founded the firm in 2018. more products. Follow him on Twitter @ScottKirsner. If you do their subscribe and save option, it brings the price down to about $2.50 a can. They were seeking for $400,000 for a 10% stake in the business. Here's what's rad about it. He also works as an executive at the company. Their idea for the drink was born out of their desire to create a lactose-free chocolate milk alternative. To view Slate Milks complete valuation and funding history, request access, To view Slate Milks complete executive team members history, request access, To view Slate Milks complete board members history, request access, Youre viewing 5 of 17 investors. If you are lactose intolerant or want to keep an eye on your sugar intake, this could be a good option. | Insight Guide. Co-founders Manny Lubin and Josh Belinski established the company in 2018. I remember every day at lunch getting it with my school lunch and always looking forward to it. As an Amazon Associate I earn from qualifying purchases. . Slate Chocolate Milk is a lactose-free chocolate drink with low sugar. Josh is also a Northeastern University graduate who studied entrepreneurship and has prior experience in business development and account management. The three flavors they have taste like chocolate milk but are lower in calories and saturated fat. What Happened to Wine & Design after the Shark Tank Pitch? Because while we may not be health gurus nor gold-medal athletes, we do everything we can to live an active and healthy lifestyle. But theres a void for what Josh and Manny have got. But Belinsky contends millennials want to support brands that are the underdog, and they like the startup approach to things., It seems like everyone is reimagining milk these days coconut milk, oat milk, almond milk, soy milk, and now real milk without the lactose, says Jen Faigel, executive director of Commonwealth Kitchen, a Boston nonprofit that supports food entrepreneurs. To showcase their creation, the cofounders of Slate Chocolate Milk walked in with their creation in front of their potential investors on ABCs Shark Tank. Your email address will not be published. SHELF STABLE: We use the same pasteurization technique that you see with many current coffee drinks in both cans and glass. Slate sources its milk from family-owned farms in New York. Net carbs are calculated by subtracting fiber from total carbs. It's currently only available for pre-order on their website, but they will ship to their backers in October 2019. After spending a year on reformulation, Slate launched its first commercial product made with 17g protein, nine grams of added sugar and 130 calories per can, and sweetened with a combination of cane sugar and monk fruit. Along with this, we do everything we can to be a sustainable brand: our products are packaged in 100% recyclable aluminum cans, and were actually a certified plastic-neutral brand through partner rePurpose Global. His creation is a healthier alternative to traditional chocolate milk and is lactose free. Additionally, it does not need to be refrigerated to keep its shelf life. As a dessert alternative? This means, for every pound of plastic we use, we remove it from the planet, he added. Slate, which sources dairy from family-owned farms in New York, is currently available in three different varieties: classic chocolate and dark chocolate milk, in addition to an espresso chocolate milk boosted with 150mg of caffeine per can. Chocolate milk has nine nutrients and vitamins in it. Markets Comment * document.getElementById("comment").setAttribute( "id", "ac30fef23ea4d21bd406475e3f487f02" );document.getElementById("e57f6e8b1a").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. You either realize how silly and childish the word actually sounds when you're in an intimate context with your SO, or you try saying it around people in a casual context and feel like a total perv. Math equation: 26 - 9 = 17 IMPORTANT: Net carbs are per serving. The product uses an exclusive ultrafiltration technology, and the company distributes samples to consumers. Slate Chocolate Milk is a firm that makes lactose-free, low-sugar, high-protein chocolate milk beverages for health-conscious people. Everybody has a Greek yogurt now all the brands have it, he says. I love sharing my Peloton tips, healthy recipes, toddler and baby activities, and more! Even though Slate Chocolate Milks pitch wasnt well prepared, it is still not fair to rule out their product as a valuable snack item. The campaign will offer a six-pack with two of each flavor for $20. Using an ultrafiltration system, they are able to strip the milk of fat, water, and sugar (including the. Is there untapped demand for chocolate milk in a can? Slate Milk is about $3 a can and can be purchased on their website as either a 12 pack, 24 pack or 48 pack. Hi, I'm Ali! Each can contains 11 oz of milk, which I found to be the perfect amount. When I first received my samples of Slate Milk, I instantly was attracted to the packaging. The company recently launched a flavored line in the US and is planning to expand into other markets in the future. Slate Milk sent me a sample pack to try out and in this blog post I'll share with you my honest thoughts on the milk and if it's worth buying. But I definitely am not a consistent chocolate milk drinker anymore. Lactase enzyme, vitamin A Palmitate, and Vitamin D3 are all included. Slate cofounder Josh Belinsky acknowledges that when you tell people about your chocolate milk startup, they laugh. Especially because he and his cofounder, Manny Lubin, began their careers working at tech startups. Ive been a long-time Shark Tank fan and love the show because Im an entrepreneur at heart. We dont think they necessarily have to be mutually exclusive., Commenting on what lessons can be taken for budding entrepreneurs, Lubin said there isnt a one-size-fits-all approach when it comes to building an emerging consumer brand, but noted how important it is to surround yourself with people that you can learn from, and hire folks you genuinely enjoy working with., As for Shark Tank, he added, we had to learn from it and move on, just like ever other aspect of the business. This round is led by a group of reputable CPG entrepreneurs and investment groups, including Peter Rahal, founder of RXBar; Halo Tops cofounder Doug Bouton; Yasso Frozen Greek Yogurts cofounders Drew Harrington and Amanda Klane; MVMT Watches cofounder Jake Kassan; Nick Rellas, cofounder of Drizly; as well as Skyview Capital and Riverpark Ventures. Shark Tank, While fluid milk sales have been on a downward trajectory for years, sales of more functional dairy products have grown, says Slate Milk co-founder Manny Lubin, who claims many Millennials love chocolate milk, but want something with more protein and less sugar in a format thats a bit more hip than that bottle of YooHoo they drank as kids.. While I waited, I looked up on their site to see if it was safe to drink since they did arrive warm and I was surprised to learn that their drinks don't require any refrigeration at all! It then adds back 9g of cane sugar and some monk fruit for sweetness. Slate provides free shipping on all orders inside the United States. Copywriter CallGear . Chocolate Milk Reviews | Following a successful Kickstarter campaign, Slate is making waves in the industry by offering a better-for-you, higher protein, low. Slate Chocolate Milk Employees: 3 | View Slate Chocolate Milk's full company profile >>> Rocketreach finds email, phone & social media for 450M+ professionals. She hoped to land a deal with the sharks for $100,000 in exchange for 10% equity. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Slate Milk filtered their milk to remove sugars, which was then flavored with water to increase the protein content. Slate Milk is my ultimate dream drink! Slate Milk is a healthy and tasty substitute for dairy products. So they started interviewing fellow millennials as well as older adults about why they didnt drink chocolate milk. It was because of this desire that they created the company after realizing how many people were looking for a healthier and sustainable dairy option. It's fire, it's nutritious, and it's delicious. I also like that unlike regular chocolate milk it is packed with 20g of protein, which makes this perfect as a breakfast drink to bump up your morning protein or to enjoy after a workout. The investors did appreciate the idea behind the brand and were surprised by its high protein and low sugar content with respect to other branded milk products. Slate Chocolate Milk is certified kosher. In addition to being a great tasting treat, Slate Chocolate Milk is also high in protein and low in sugar. By July 2021, the company had generated $1 million in annual sales and completed another $3.3 million extended seed financing round in October 2021. Low sugar, lactose free, and high in protein check all the boxes for a chocolate milk that goes great with any lifestyle. Win whats next. Fellow sharks Kevin OLeary and Barbara Corcoran also called out the products little funky chicken element and distinct dryness, respectively, during their taste testing. As Lubin puts it, You wouldnt walk into a business meeting carrying a container of kids chocolate milk.. The two entrepreneurs later made the company available to the public, and the Sharks took notice. Low-fat or nonfat milk is preferred to keep calories and saturated fat in check. Net Worth of Slate Chocolate Milk The company valuation was $4 million during and after the pitch. After a year of development, Slate milk cans have reached retail stores and Costco shelves. Herein, the user can purchase a countertop refill machine at $199 and milk packages or buy a reusable milk bottle priced at $2 and spend 3.99 on a plant-based package. There is less sugar in this product than regular chocolate milk, it is lactose free, and it contains a lot of protein. Slate chocolate milk will be sold in cans. 1.1K. In terms of post-workout nutrition, there are a few things to keep in mind. So, while this sounds good on paper, it makes you wonder if the taste gets nerfed from all the healthy benefits it boasts about. Since then the company is still operational and hence the company net worth might have be higher than that of pitch. There is no caffeine in slate chocolate milk. In fact, by 2020, Parker's Real Maple Syrup was estimated to be worth $10 million. Even though Shark Tanks investors thought this chocolate milk was for older people, Slate has targeted their marketing efforts towards young adults. There are tons of chocolate milk lovers out there, Lubin said, and people looking for better protein shake or latte options. There is no definitive answer to this question, as the terms of any deal between slate chocolate milk and the shark tank investors would likely be confidential. The company's platform sells chocolate milk that contains less sugar, more protein, and no artificial coloring, with no gluten, nuts, lactose, soy, and carrageenan, enabling customers to enjoy flavored milk which is beneficial for their health. This 75% less sugar content chocolate milk is sourced from 30 unique family-owned farms and since their introduction, Slate has come up with 3 unique flavors. Slate chocolate milk is a type of chocolate milk that has a higher cocoa content than regular chocolate milk. ). Its aiming to raise $10,000 from interested customers so they can do an initial production run of Slates three flavors and begin shipping product in the summer. Slate is delivering both of these things.". I cover exclusive financial news of the food & beverage industry. Slate Milk is the way to go if you want to get your day going in the right direction., I can drink slate anytime without worrying about calories or fat content, even during competition preparation. 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