In the summer of 2014, Ryan Grepper raised over $13 million, making it the most funded Kickstarter campaign of 2014. In December 2019, the company announced that it was closing, with over 20,000 of the 62,642 original backers never receiving a cooler. After years of missteps, manufacturing problems, and unfulfilled promises, Coolest Cooler said the trade war with China ultimately made its future untenable. The project came to be regarded as Kickstarter’s largest failure.
