Stryx Shark Tank Net Worth -What Happened After Shark Tank?
What is Stryx Shark Tank Net Worth in 2023?
Stryx’s net worth after appearing on Shark Tank was estimated at $6 million (business valuation)S.
Stryx is a cosmetic and skincare product company that appeared on Shark Tank Season 13 Episode 23. The company designs different types of cosmetic products only for the skin tone of men.
Stryx generated $1.5 million in sales in 2021 and raised $1.7 million in funding in venture capital. Lifetime sales are $2 million, with 90% of sales being direct to consumer on their website.
In November 2022, Stryx’s products were no longer available at CVS but were nationwide in Target and Urban Outfitters. As of March 9, 2023, Stryx’s net asset value is $9.19 according to YCharts.
In Shark Tank Season 13, Devir Kahan and Jon Shanahan entered the tank seeking $600,000 for 5% equity but ended up accepting an offer from Robert Herjavec for $600,000 for 10% equity ($6 million valuation).
What Is Stryx Shark Tank And Who Founded Stryx Shark Tank?
Stryx is a men’s skincare and makeup brand that was founded in January 2019 by Devir Kahan and Jon Shanahan.
Devir serves as the co-founder and CEO of the brand, while Jon is the other co-founder. The idea for Stryx came about when Devir walked down the aisle on his wedding day with a huge zit on his face.
He was determined to find a solution for men’s skin issues, which led him to launch Stryx.
Stryx appeared on Shark Tank seeking $600,000 for 5% of their business. The Sharks collectively groaned at the valuation. As of August 2022, the deal with Robert Herjavec has not closed. Stryx can be found on their website, CVS, and Target.
Elizabeth Ng Glock is also part of the Stryx team. She started as the first employee and now works there full-time.
What Happened To Stryx At Shark Tank?
Stryx, a men’s cosmetic brand, appeared on Shark Tank Season 13 and made a deal with Robert Herjavec. At the time of filming, they had $2 million in lifetime sales and $130,000 in monthly sales.
After appearing on the show, Stryx was featured in publications such as Forbes, the Wall Street Journal, Bloomberg, Men’s Health and more.
In November 2022, Stryx products were no longer available in CVS but were available nationwide in Target and Urban Outfitters. In 2021, Stryx generated $1.5 million in sales and raised $1.7 million in venture capital funding.
The company’s products are available both online and offline with sales coming from both sources. As of March 10th 2023 04:46 EST, the deal with Robert Herjavec has not closed yet.
What Happened To Stryx After Shark Tank?
Stryx, a men’s cosmetic and skincare Product Company, appeared on Shark Tank Season 13 and made a deal with Robert Herjavec for $600,000 for 10% equity. At the time of filming, they had $2 million in lifetime sales, with about $130,000 in sales per month.
However, as of November 2022, the deal with Robert had not closed. Despite this setback, Stryx products are still available both online and offline. They can be found on their website, Target and Urban Outfitters.
According to Shark Tank Talks, Stryx generated $1.5 million in sales in 2021 and raised $1.7 million in venture capital funding. The company designs different types of cosmetic products only for the skin tone of men. Their sales come from both online and offline places.
In conclusion, while the deal with Robert Herjavec did not close as of November 2022, Stryx is still going strong with its products available both online and offline.
Is Stryx Still In Business?
Yes, Stryx is still in business. The company has been featured in publications such as Forbes, the Wall Street Journal, Bloomberg, Men’s Health, and more.
Since appearing on Shark Tank in Season 13, they have added a few new products to their website including bronzers, pimple patches and more. Their products are available on their website as well as CVS and Target stores nationwide.
