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What is Kinfield?
Kinfield is a modern outdoor brand that produces clean and effective bug repellents and mineral sunscreens. Their products are designed to be environmentally friendly and appealing to families.
Kinfield's Shark Tank Pitch Recap
Nicole Powell pitched Kinfield, a company offering clean bug sprays and mineral sunscreens. She asked for $250,000 for 5% equity, valuing the company at $5 million. She shared impressive sales growth, but the company wasn't yet profitable. Multiple sharks were interested and made offers, including royalty deals. Ultimately, Nicole accepted a joint offer from Barbara Corcoran and Tony Xu for $250,000 for 10% equity.
Who invested in Kinfield?
Barbara Corcoran
Tony XuKinfield's Pitch Highlights
The company's bug repellent has a unique scent profile, using citronella, lemongrass, and vanilla.
Kinfield reached $1.5 million in sales before turning a profit.
The sharks were impressed by the high margins on Kinfield's products, ranging from 79% to 85%.
Kinfield Shark Tank Update
- Expanded product line.
- Hosts "plogging" events.
- Active on social media, promoting the brand and "Shark Tank" appearance.
Key Milestones
2018 - Founded
Founded Kinfield.
2019 - First Product Launch
Launched first product, Golden Hour bug repellent.
2023 - Shark Tank Appearance
Appeared on "Shark Tank" and secured a deal.
