CurlMix Shark Tank Net Worth
CurlMix is currently valued at a $25.5 million pre-money valuation and has generated more than $13 million in revenue since its inception in 2015.
After appearing on Shark Tank, CurlMix successfully secured a $1.2 million investment and is now worth $12 million.
What is CurlMix and Who Founded CurlMix?
CurlMix is a company that offers a range of hair care products specially designed for women with curly hair. Initially, the company started with a do-it-yourself package of targeted items but eventually expanded to include a comprehensive range of high-quality organic oils, gels, shampoos, and more.
The company was founded in 2015 by Tim and Kim Lewis, who are both entrepreneurs. Tim is known for his expertise in facts and trivia and has previously worked at Starbucks.
On the other hand, Kim holds a Bachelor’s degree in Logistics and Marketing from the University of Illinois. Together, they are the brains behind CurlMix.
CurlMix Shark Tank Pitch
In an effort to launch her own business, Kim Lewis initially attempted to create a social network for curly-haired women called the Natural Hair Academy, which was financed with a portion of Tim’s $100,000 Who Wants to Be Millionaire earnings. Despite her best efforts, the idea did not pan out, but it did inspire the creation of CurlMix.
CurlMix started as a monthly subscription service that provided consumers with the necessary components to make their own natural hair care items.
Unfortunately, Kim only sold one box initially, but after revamping her website, conducting extensive research, reaching out to industry influencers, and relaunching, she was able to sell 90 boxes on the first day and eventually made $100,000 in sales for the year.
Her items are considered high-end hair care goods, with each bottle costing $18 and discounts available when purchasing a complete “Wash and Go system” bundle. While she sells on her website and Amazon, she is also looking to enter the luxury hair care store sector.
During their appearance on Shark Tank, Kim, and Tim were seeking $400,000 for a 10% stake in their company, valuing it at $4 million.
The Sharks, however, were not enthusiastic about the hair care industry, with Mr. Wonderful stating that there was nothing unique about it, and he believed that a large corporation would eventually put them out of business. Alli Webb, who made a fortune straightening curly hair, was knowledgeable about the industry but did not invest.
Robert, who admittedly did not understand the market, offered $400,000 for a 20% stake but was turned down by Kim and Tim.
After declining Robert’s offer, the couple received $1.2 million for a 10% stake in the company from Jeff Weiner, the former CEO of LinkedIn, and Arlan Hamilton of Backstage Capital. Their sales increased from $1 million in 2018 to $5 million in 2019 and $6 million in 2020.
They have also included in Forbes’ 30 under 30 lists for Retail and E-commerce in 2020 and took advantage of a federal PPP loan for small businesses during the Covid-19 pandemic.
As of 2021, they are expected to have over $13 million in lifetime sales and continue to expand. They also raised $5,288,846 on Wefunder in May 2021 and were ranked 93rd on the Inc. 5,000 list for 2021.
CurlMix Net Worth
The company is worth $12 million.
CurlMix Competitors
CurlMix is not directly competing with other companies in the industry, but there are several household names in the market that offer similar products but have very different pricing strategies. This includes; Curly Hair Club and AfroTherapy.
Curlmix Shark Tank Updates
CurlMix is a hair care company founded by Tim and Kim Lewis in 2015. The company started as a monthly subscription-based service that delivered the ingredients needed for customers to mix and assemble to create the hair product they want at home.
After a slow start, the couple came up with a solution: Flaxseed Gel. The company has since grown and expanded its product line to include hair care products specifically made for curly hair.
CurlMix appeared on Shark Tank in Season 10 to pitch their business. The couple received a generous offer from one of the sharks in the show but decided to reject the deal to expand the business in their own way.
After the Shark Tank episode aired, CurlMix successfully secured and received $1.2 million investment from the founder and Executive Chairman of LinkedIn, Jeff Weiner. The company has since grown and is now valued at $12 million.
CurlMix has experienced significant growth in recent years. The company went from $1 million in sales in 2018 to $5 million in 2019 to $6 million in 2020. In 2020, they made the Forbes 30 under 30 list for Retail and eCommerce.
The company has also taken out a forgivable, federal PPP loan available to small businesses during the Covid-19 pandemic. CurlMix has raised more than $5 million in equity crowdfunding, with more than 8,500 investors participating in the campaign.
The subscription company is currently valued at $25.5 million pre-money valuation, and this will likely increase once investments close.
CurlMix Shark Tank Table Summary:
| CATEGORY | INFORMATION |
| Product | Hair care products for women with curly hair |
| Founder(s) | Tim and Kim Lewis |
| Shark Tank Pitch | Asked for $400,000 for a 10% stake, was offered $400,000 for 20% by Robert but declined |
| Investment | Received $1.2 million for 10% stake from Jeff Weiner and Arlan Hamilton |
| Valuation | $25.5 million pre-money valuation, $12 million after Shark Tank |
| Revenue | More than $13 million since inception in 2015 |
| Growth | Sales increased from $1 million in 2018 to $6 million in 2020 |
| Recognition | Included in Forbes’ 30 under 30 lists for Retail and E-commerce in 2020 |
| Competitors | Curly Hair Club and AfroTherapy |
| Shark Tank update | CurlMix secured $1.2 million investment from Jeff Weiner after declining Robert’s offer |
| PPP Loan | Took advantage of a forgivable federal PPP loan for small businesses during the Covid-19 pandemic |
| Equity crowdfunding | Raised more than $5 million with over 8,500 investors participating in the campaign. |
CurlMix FAQS
What Is Curlmix Shark Tank?
CurlMix is a line of hair care products for people with thick, curly hair, created by Kim and Tim Lewis, a husband and wife team who appeared on Shark Tank in Season 10.
Tim funded Kim’s first business venture, Natural Hair Academy, with part of his $100,000 winnings on Who Wants to be a Millionaire. That project didn’t work out, but it led to the creation of CurlMix.
On Shark Tank, the couple received a generous offer from Robert Herjavec, but they decided to reject the deal to expand the business in their own way.
After the show, CurlMix successfully secured and received $1.2 million investment from Jeff Weiner, the founder and Executive Chairman of LinkedIn, putting the total net worth of CurlMix at a $12 million valuation.
CurlMix is a Black-owned hair care subscription company that has raised more than $5 million in equity crowdfunding. More than 8,500 investors have participated in this campaign just two years after CurlMix founders Kim and Tim Lewis declined an investment offer from Robert Herjavec on Shark Tank.
The couple is on track to reach levels that few companies have achieved in the equity crowdfunding space. They plan to build the first publicly traded Black-owned beauty conglomerate and hopefully be traded on the NYSE one day, like Procter & Gamble.
How does CurlMix Shark Tank work?
CurlMix is a line of hair care products for people with thick, curly hair. The company was founded by Kim and Tim Lewis, who appeared on Shark Tank in Season 10 to pitch their business.
CurlMix started as a monthly subscription box that mailed ingredients for people to mix their own natural hair care products.
After selling only one box, Kim re-did her website, did a lot of research, contacted influencers in the field, and relaunched. She sold 90 boxes on the first day and went on to do $100,000 in sales for the year.
During their appearance on Shark Tank, the couple received a generous offer from one of the sharks, Robert Herjavec, but decided to reject the deal to expand the business in their own way. Since then, CurlMix has grown and is now valued at $12 million.
The company has generated more than $13 million in revenue and anticipates an additional $10 million this year.
In 2019, CurlMix founders Kim and Tim Lewis turned to their supporters after rejecting a Shark Tank offer and raised over $5 million in equity crowdfunding. The subscription company is currently valued at a $25.5 million pre-money valuation.
What happened to CurlMix after Shark Tank?
CurlMix is a Black-owned hair care subscription company that was founded in 2015 by Kim and Tim Lewis.
The company started as a monthly subscription-based service that delivered the ingredients needed for customers to mix and assemble to create the hair product they want at home.
The company generated $400,000 in sales over the last nine months and was estimated to reach $1 million by the end of the current year.
CurlMix appeared on Shark Tank in 2018 and declined an investment offer of $400,000 from Robert Herjavec. After the show, the company managed to stay in business and continued to generate more than $2 million per year.
In less than 60 days after turning down the Shark Tank offer, CurlMix founders Kim and Tim Lewis raised over $5 million in equity crowdfunding. The company projects to make $10 million in revenue this year and expects to reach $40 million in revenue by 2024.
The massive success of crowdfunding provided the company with an opportunity to expand. After their successful crowdfunding campaign, CurlMix launched 4C only, the first product ever designed exclusively for 4C hair.
The company continues expanding and launching new products. They currently have 131,000 followers on Instagram.
Is Byoot Curlmix Shark Tank Still In Business?
Byoot CurlMix is not a company that appeared on Shark Tank. The two companies, Byoot and CurlMix, are separate entities.
Byoot is a women’s swimsuit manufacturing company that appeared on Shark Tank Season 12 Episode 14. On the other hand, CurlMix is a hair care company that appeared on Shark Tank Season 10.
Regarding CurlMix, the company rejected the Shark Tank offer from Robert, but it managed to stay in business and continues to generate more than $2 million per year. The company is now valued at $12 million. Therefore, it can be concluded that CurlMix is still in business and doing well.
However, there is no information available on the current status of Byoot Company after appearing on Shark Tank. The company was live in July 2022, but its future is uncertain.
Is Byoot Curlmix Shark Tank Still In Business?
The company CurlMix, which appeared on Shark Tank in Season 10, is still in business and has continued to grow since rejecting the offer from Robert Herjavec.
The company, which offers a line of hair care products specifically made for curly hair, is now valued at $12 million. The founders, Kim and Tim Lewis have expanded the business in their own way and have managed to generate more than $2 million per year.
There is no information in the search results about a company called Byoot CurlMix. However, there is information about a company called Byoot Swimwear, which appeared on Shark Tank in Season 12.
The founders of Byoot Swimwear, Elyce, and Nathan Billany, asked for $50,000 for 30% equity and are still in business as of July 2022.
They have promised to donate a portion of their sales to the Every Mother Counts organization, which helps with maternal health care around the world.
What Is The Current Valuation Of Curlmix After Shark Tank?
CurlMix is a Black-owned hair care subscription company that appeared on Shark Tank in Season 10. The founders, Kim and Tim Lewis declined a $400,000 investment offer from Robert Herjavec.
Since its inception in 2015, CurlMix has generated more than $13 million in revenue and anticipates an additional $10 million in 2023.
CurlMix is currently valued at a $25.5 million pre-money valuation. The subscription company has raised more than $5 million in equity crowdfunding, with more than 8,500 investors participating in the campaign.
It is worth noting that there are conflicting reports on the current valuation of CurlMix. While some sources report a $25.5 million valuation, others report a $12 million valuation.
It is possible that the valuation has changed over time, or that different sources are using different methods to calculate the valuation.
However, it is clear that CurlMix has experienced significant growth since appearing on Shark Tank, and has generated millions of dollars in revenue.
Did CurlMix receive a bargain on Shark Tank?
No, they declined Robert Herjavec’s $400,000 offer from the Shark.
What did the Sharks have to offer CurlMix?
CurlMix had only one offer from Shark Robert Herjavec, but walked away and refused it.
Shark Kevin O’Leary, as predicted, had a problem with CurlMix’s $4 million valuation and thought the company was overpriced and not worth the risk for his investment.
Lori Greiner followed O’Leary and indicated that she, too, lacks experience in CurlMix’s industry, thus she is out.
Shark Mark Cuban was snubbed because he lacks a thorough understanding of the market.
What is the current market value of CurlMix?
CurlMix successfully sought and got a $1.2 million investment from LinkedIn’s creator and Executive Chairman, Jeff Weiner, after the Shark Tank episode aired.
According to the Black Enterprise, this values CurlMix’s entire net worth at $12 million.
Is CurlMix sold on Amazon?
Yes! CurlMix offers a number of goods available on Amazon.
Is CurlMix still in operation?
They are unquestionably still in business and prospering. According to the firm, CurlMix has already hired more than thirty staff and serves over 200,000 consumers.
What is the shelf life of CurlMix products?
Approximately two years
Is it okay to use CurlMix products on colour-treated hair?
They are, indeed.
Will all of their items be natural and organic?
Yes, only natural and/or organic components will be used. We make our labels basic so you can tell what’s on your hair.
What if they have a few food allergies?
Ingredients might have come from maize, soy, wheat, and/or nut products.
They might potentially have been manufactured in a factory that manufactures those things.
So, before your first usage and/or purchase, please check the product labels for your allergies.
How can they cancel their CurlMix subscription?
To cancel your CurlMix membership, please send an email to info@CurlMix.com at least seven (7) days before your next monthly billing period.
CurlMix is used in what way?
Saturate your hair completely. When your hair is soaking wet, add the CurlMix Pure Aloe Vera Shampoo to your hands, rub them, and massage it into your scalp with your fingertips.
Instead of scratching your head, massage it. If you think you need more product, add more water first, then more shampoo.
How do they contact CurlMix?
Contact Email info@curlmix.com.
Phone Number +1-312-380-0419.
CurlMix has been in business for how long?
CurlMix was founded in 2015 by Kimberly and Timothy Lewis with the goal of making organic haircare products more accessible to people with curly hair.
Where can they find curl mix?
Chicago, Illinois
Curlmix Inc. is a company based in Chicago, Illinois, United States.
How is the business model?
The company is able to sell their products at a substantial discount because of the low cost of shipping costs.
Why are some customers happy with CurlMix?
Senior citizens are pleased with CurlMix’s products because they are able to reduce payments on their Medicare payments by using the products.
Is any opportunity?
CurlMix held a contest for someone to win a fresh cut and blow dry by a professional.
CurlMix is still in business and expanding every day!
What are the strengths?
CurlMix is one of the few natural haircare products on the market that doesn’t require additional styling products.
What job opportunity can make with CurlMix?
They offer various jobs; sales, marketing, product research, production, IT services and customer service.
