Kinfield Shark Tank Update

Kinfield Shark Tank Pitch

Nichole Powell appeared on Shark Tank Season 14, Episode 11, which aired on January 13, 2023, with Plant based skin care products for outdoorsy people..

Kinfield is listed in the Health SelfCare category. In plain terms, the business is described as Plant based skin care products for outdoorsy people..

Kinfield asked the Sharks for $250,000 for 5%, implying a valuation of about $5 million.

On the show, Kinfield made a listed deal with Barbara Corcoran for $250,000 for 10%.

If treated as straight equity, the listed deal works out to about $2.5 million implied valuation, down from the original $5 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Kinfield After Shark Tank

Kinfield accepted an on-air Shark Tank deal for $250,000 for 10%, and later update coverage says the deal closed. (Kinfield Shark Tank Update

By June, 2024, Kinfield was reported at about $4 million in annual revenue. (Kinfield Shark Tank Update

Since airing, the company introduced more products, including anti-chafe balm, Ph-balancing deodorant, Micellar wipes, lip balm, hydrating face masks, anti-itch products and more. (Kinfield Shark Tank Update

Kinfield remains active online through kinfield.com, where customers can find the current product line. (Kinfield website

Sources

Sources used for this page: Shark Tank API pitches