Appolla Socks Shark Tank Net Worth -What Happened To Appolla Socks After The Shark Tank?
Appolla Socks Shark Tank Net Worth
Apolla is currently in business and has an estimated net worth of approximately $1.2 million. The founders, Kaycee Jones and Brianne Zborowski, initially in the shark tank pitch asked for $300,000 for 15% equity in the company. The final deal they struck with Shark Lori Greiner was for $300,000 for 25% equity.
Apolla is a retail apparel and fashion brand that appeared on Season 13 Episode 18 of Shark Tank USA.
Lori Greiner made a deal with them for $300,000 for 20% equity. At the time of filming Shark Tank, Apolla Performance had already sold more than 120,000 pairs of their socks, generating revenue of about $4.1 million.
After appearing on Shark Tank, Apolla’s sales increased dramatically and justified Lori Greiner’s valuation of $1.2 million.
Apolla Performance offers user-friendly premium socks designed for comfort during different categories of sports and activities. Their socks have superior arch support, ankle stability, energy absorption, and refreshable traction.
They are also antimicrobial, moisture-wicking, and durable. All of their socks have been given the American Podiatric Medical Association Seal of Acceptance.
What Is An Appolla Socks? Who Is The Founder Of Appolla Socks?
Apolla socks are a type of compression sock designed for dancers and athletes. They provide the benefit of a shoe and the comfort of a sock, with patented targeted zones providing arch and ankle support. Apolla socks also feature knit-in energy absorption, which helps reduce the force on the feet.
Additionally, they are antimicrobial, moisture-wicking, durable, and recyclable. The American Podiatric Medical Association has given Apolla socks their Seal of Acceptance, and they are anatomically correct to help reduce inflammation caused by exercise or long days on your feet.
Brianne Zborowski is the co-founder and CEO of Apolla Performance Wear, a company that produces compression socks for dancers and athletes.
Along with her business partner Kaycee Jones, Zborowski created Apolla Performance Wear Shocks, which are compression footwear designed to offer support and comfort to anyone with painful feet.
Zborowski was born and raised in the suburbs of Detroit, Michigan. She has a background in dance and fitness, which inspired her to create a product that would provide support and comfort to dancers and athletes alike.
Apolla socks are anatomically correct and provide arch and ankle support. They also have padding on the ball of the foot and heel for added comfort.
The socks are antimicrobial, moisture-wicking, durable, and recyclable. In 2019, an independent study at Ohio University showed that Apolla socks reduced force during physical activity.
Zborowski’s passion for dance medicine and science led her to create a product that would benefit not only dancers but anyone who needs support for their feet during physical activity.
Today, Apolla Performance Wear is trusted by top celebrity artists and athletes who rely on their patented compression socks to empower them to do more while always feeling great.
What Happened To Appolla Socks At The Shark Tank?
Kaycee and Brianne have entered the Shark Tank with an ambitious pitch – they are seeking $300,000 for 15% equity in their company. As they begin their presentation, Kaycee provides an overview of their company, its business model and unique market positioning.
She then explains how they plan to utilize the capital injection to expand their operations and take their business to the next level. Brianne follows up by sharing financial projections and customer feedback that demonstrate the potential of their offering to disrupt an important industry sector.
Both are passionate about what they do and hope that their enthusiasm will be convincing enough to win over the Sharks.
Kevin has declared that he is no longer interested in investing in the project, stating that he is not the right person for it. Mark, on the other hand, has prior experience in dance and even earned money teaching it in college, but he has also decided to pass on the opportunity.
Robert is grappling with the lack of virality in the project, but ultimately decides that it’s not a good fit for him. Emma feels that the project is not growing fast enough and decides to decline as well.
However, Lori, who has dealt with foot problems in the past, tries on a pair of the socks and finds that they alleviate her pain.
She offers $300,000 for 25% of the company, but when the entrepreneurs counter with a 20% stake, Lori holds firm and they accept her offer, and received an offer of $300,000 for 20% equity from Lori Greiner
What Happened To Appolla Socks After The Shark Tank?
Apolla Performance Socks, founded by Kaycee Jones and Brianne Zborowski, appeared on Shark Tank in April 2022. The company had $4.1 million in lifetime sales and $800,000 in sales during the year of filming.
They had secured two utility patents for their compression sock technology and a design patent on a style that came with an open heel. On the show, they pitched their line of compression socks for dancers, which were designed to provide comfort and support while dancing.
After their pitch, they secured a deal with one of the Sharks. Following their appearance on Shark Tank, Jones was featured in her hometown newspaper, the Idaho State Journal.
Apolla Performance Socks have been successful since appearing on Shark Tank. Their products are designed to provide comfort and support for dancers while performing.
They have secured multiple patents for their technology and have seen significant growth in sales since appearing on the show. With continued success, Apolla Performance Socks could become a household name among dancers around the world.
As of January 2023, the deal did not close, but the company is doing well and has delayed shipping on their more popular items. After appearing on Shark Tank, Apolla sold out most of its sock styles in most colors within just a few days.
As of July 2022, they still had a backlog on orders but were tripling their production capacity by the end of summer 2022. They expect to be fully back in stock by mid-October 2023.
Is Appolla Socks Still In Business?
Yes, Apolla Performance is still in business as of March 2023. The company offers compression socks that provide arch support, ankle stability, energy absorption, and refreshable traction.
Apolla socks are designed for dancers but can be used by anyone who wants targeted compression to assist circulation and recovery by reducing inflammation. The energy absorption padding in the heel provides comfort to the metatarsals and heel.
Apolla Performance appeared on Shark Tank Season 13 Episode 18 and made a deal with Lori Greiner for $300,000 for 25% equity. As of January 2023, the deal with Lori did not close. However, the company is doing well and has delayed shipping on its more popular items due to high demand.