When it comes to the hit TV show Shark Tank, many entrepreneurs have their eyes set on securing an investment that can catapult their business to new heights. One such success story is Kymera Electric Body Boards, a startup that made waves on Shark Tank with its innovative product.

In 2022, Kymera Electric Body Boards had a net worth of $5 million when it appeared on Shark Tank. The company was seeking a $250,000 investment in exchange for 5% equity. Although they didn’t strike a deal at the time, the exposure on the show proved to be a turning point for their success.

Fast forward to 2023, and Kymera Electric Body Boards has seen remarkable growth. Their net worth is now estimated to be $5.8 million, and their annual sales have reached an impressive $5 million. This success can be attributed to their continuous efforts and determination in the face of adversity.

Key Takeaways:

  • Kymera Electric Body Boards had a net worth of $5 million before appearing on Shark Tank in 2022.
  • Despite not securing a deal, the company continued to grow and expand its product line.
  • Their net worth is now estimated to be $5.8 million, with annual sales reaching $5 million.
  • Kymera Electric Body Boards offers an innovative and sustainable alternative to traditional water sports.
  • Their success story serves as an inspiration for aspiring entrepreneurs.

The Journey of Kymera Electric Body Boards

Kymera Electric Body Boards, a start-up founded by Jason Woods, embarked on an incredible journey after its appearance on Shark Tank. These innovative surfboards, powered by electricity and equipped with rechargeable batteries, captured the attention of investors and water sports enthusiasts alike.

Despite not securing a deal initially on Shark Tank, Kymera Body Boards persevered and continued to grow. Jason Woods successfully raised approximately $165,000 through a Kickstarter campaign, which allowed him to push forward with his vision. The dedication and passion he poured into developing the Kymera Body Board paid off significantly.

Investment from Robert Herjavec

On their second appearance on Shark Tank, Kymera Electric Body Boards caught the interest of investor Robert Herjavec. He saw the potential of the product and made a generous offer of $500,000 in exchange for 10% equity in the company. The partnership with Robert Herjavec provided the necessary resources and expertise to propel Kymera Body Boards to the next level.

Following the investment, Kymera Electric Body Boards entered limited production and experienced remarkable sales growth. The company expanded its product line to include electric kayaks and surfboards, further solidifying its presence in the water sports industry.

A Promising Future

With an estimated net worth of $5.8 million in 2023 and annual sales reaching $5 million, Kymera Electric Body Boards has undoubtedly become a success story. The company’s dedication to innovation and commitment to providing sustainable and portable watercraft has made a significant impact in the industry. Today, these cutting-edge body boards are available for purchase on the Kymera website, offering water sports enthusiasts an exhilarating and eco-friendly experience on the water.

Year Net Worth Annual Sales
2022 $5 million $-
2023 $5.8 million $5 million

The Success of Kymera Electric Body Boards

Since its appearance on Shark Tank, Kymera Electric Body Boards has experienced remarkable success and growth in the water sports industry. The company’s net worth has soared to an estimated $5.8 million, with annual sales reaching $5 million in 2023. This achievement can be attributed to their commitment to innovation and expanding their product line.

Expansion and Diversification

Following their appearance on Shark Tank, Kymera Electric Body Boards capitalized on their newfound popularity by expanding their product offerings. In addition to the electric body boards, they have introduced electric kayaks and surfboards, catering to a wider range of water sports enthusiasts. This diversification has not only contributed to their revenue growth but has also solidified their position as a leading brand in the industry.

Continued Thriving despite Unfinalized Deal

Although the deal with Robert Herjavec on Shark Tank was never finalized, Kymera Electric Body Boards persevered and thrived independently. Their commitment to delivering high-quality, innovative products resonated with customers, driving sales and establishing a loyal customer base. The boards are now available for purchase on their official website at a price of $3,995.

Year Net Worth (in millions) Annual Sales (in millions)
2022 $5 N/A
2023 $5.8 $5

The impressive growth in net worth and sales demonstrates the success of Kymera Electric Body Boards, affirming their position as a leading player in the water sports industry. Their dedication to innovation, coupled with a strong brand presence, has propelled them to new heights, creating a thrilling and memorable experience for water sports enthusiasts worldwide.

The Impact of Kymera Electric Body Boards

As an avid water sports enthusiast, I must say that Kymera Electric Body Boards have revolutionized the industry. These innovative boards are not only fun to ride but also environmentally sustainable. With their electric propulsion system, they offer a clean and efficient way to enjoy the water.

What sets Kymera Electric Body Boards apart is their commitment to innovation. The advanced features of these boards, such as their lightweight and portable design, make them incredibly user-friendly. Whether you’re a seasoned surfer or a beginner looking to catch your first wave, Kymera boards offer an exciting and thrilling experience.

Moreover, Kymera has taken their commitment to sustainability even further. By providing a sustainable alternative to traditional watercraft, they have become pioneers in the industry. With their electric-powered boards, users can enjoy water sports while minimizing their impact on the environment. It’s a win-win situation for both thrill-seekers and eco-conscious individuals.

FAQ

How much did Kymera Electric Body Boards have as a net worth when it appeared on Shark Tank?

Kymera Electric Body Boards had a net worth of $5 million when it appeared on Shark Tank in 2022.

What was the investment sought by Kymera Electric Body Boards on Shark Tank?

Kymera Electric Body Boards was seeking a $250,000 investment in exchange for 5% equity.

How much does a Kymera Electric Body Board cost?

The boards cost $3200 for the complete basic package, but the price has since gone up to $4399.

What is the estimated net worth of Kymera Electric Body Boards as of 2023?

As of 2023, the net worth of Kymera Electric Body Boards is estimated to be $5 million.

How much did Kymera Electric Body Boards raise through its Kickstarter campaign?

Kymera Electric Body Boards raised around $165,000 through its Kickstarter campaign.

Did Kymera Electric Body Boards secure a deal on Shark Tank?

No, Kymera Electric Body Boards did not secure a deal on its first appearance on Shark Tank.

Who invested in Kymera Electric Body Boards on its second appearance on Shark Tank?

Robert Herjavec invested $500,000 in Kymera Electric Body Boards for 10% equity on its second appearance on Shark Tank.

What is the current net worth of Kymera Electric Body Boards?

The current estimated net worth of Kymera Electric Body Boards is $5.8 million.

How much do Kymera Electric Body Boards cost now?

Kymera Electric Body Boards are available for purchase on their website for $3,995.

What other products does Kymera Electric Body Boards offer?

Kymera Electric Body Boards has expanded its product line to include electric kayaks and surfboards.

What makes Kymera Electric Body Boards innovative?

Kymera Electric Body Boards are powered by electricity and equipped with rechargeable batteries, offering a sustainable and eco-friendly alternative to traditional watercraft.

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