Kinfield Shark Tank Episode 11 Update & Net Worth

Kinfield Shark Tank Episode 11 Update & Net Worth

Kinfield made its appearance on Shark Tank Season 14, Episode 11, with founder Nichole Powell seeking $250,000 for 5% equity.

Nichole pitched her company’s innovative line of clean, plant-based outdoor skincare products, including natural bug sprays and sunscreens, designed for people who love the outdoors but want to avoid harsh chemicals.

 After some intense negotiations, Nichole secured a deal with Barbara Corcoran and Tony Xu for $250,000 in exchange for 10% equity. This partnership has fueled Kinfield’s growth, and the company is currently valued at $5 million.

What is Kinfield? How Does it Work?

Kinfield is a plant-based outdoor skincare brand that offers a range of products designed to protect and care for the skin during outdoor activities.

The brand’s mission is to create effective, natural alternatives to traditional skincare products that often contain harmful chemicals. Kinfield products are formulated with natural ingredients that are safe for both people and the planet.

The company’s product lineup includes bug sprays, sunscreens, and other skincare essentials. Kinfield’s best-selling product, the Golden Hour Bug Spray, is a DEET-free insect repellent made with ingredients like citronella and lemongrass, offering a natural solution for keeping bugs at bay.

The brand’s sunscreens, such as Sunglow SPF 35 and Daily Dew SPF 35, provide broad-spectrum protection using non-nano zinc oxide and are free from parabens, sulfates, and other harmful additives.

Kinfield prides itself on its commitment to sustainability, using recyclable packaging and offering a recycling program where customers can return their empty product containers for a discount on their next purchase. This eco-friendly approach has resonated with consumers who are increasingly looking for products that align with their values.

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Kinfield Shark Tank Episode 11 Season 14: What Happened at Shark Tank Pitch?

In Shark Tank Season 14, Episode 11, Nichole Powell pitched Kinfield to the sharks, seeking $250,000 in exchange for 5% equity, valuing her company at $5 million.

Nichole explained how Kinfield was born out of her personal need for clean, effective outdoor skincare products that didn’t contain harsh chemicals.

Her pitch emphasized the brand’s commitment to sustainability and its potential to become a leader in the growing market for clean skincare.

During the pitch, Nichole shared that Kinfield had already achieved $1.5 million in sales for the year and was on track to reach $2.1 million by the end of the year.

 However, she also revealed that the company was not yet profitable, a point that concerned some of the sharks. The sharks questioned the high customer acquisition cost of $26 and whether the company could sustain its growth in a competitive market.

Mark Cuban was the first to drop out, expressing doubts about the scalability of the business and the challenges of entering retail. Kevin O’Leary made an offer of $250,000 for 5% equity, with a $0.50 royalty per unit until he recouped $750,000. Lori Greiner offered $250,000 for 5% equity with a $4 royalty per unit until she recouped her investment.

 Barbara Corcoran made a more traditional offer of $250,000 for 10% equity with a $2 royalty per unit until her investment was repaid. Guest shark Tony Xu matched Barbara’s offer of $250,000 for 10% equity.

After considering the offers, Nichole negotiated with Barbara Corcoran and Tony Xu to team up, and they agreed on a deal of $250,000 for 10% equity.

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Kinfield Shark Tank Pitch Summary

What Happened To Kinfield After Shark Tank?

After securing a deal with Barbara Corcoran and Tony Xu, Kinfield experienced a surge in visibility and customer interest. The brand received a significant boost in sales following the airing of the episode, with thousands of orders pouring in. Nichole and her team worked tirelessly to fulfill these orders and maintain the brand’s momentum.

Kinfield has expanded its retail presence, with its products now available in over 47 locations across the United States and Australia. The brand continues to grow its online presence, with a strong following on social media and positive reviews from customers who appreciate the clean, natural ingredients and effective formulations.

The partnership with Barbara Corcoran and Tony Xu has provided Kinfield with valuable mentorship and resources to help scale the business. The company has continued to innovate, launching new products like the Cloud Cover SPF 35 sunscreen and the Kinfield Hat. These new offerings have been well-received by customers and have contributed to the brand’s ongoing success.

How Much Is Kinfield Worth?

Kinfield is currently valued at $5 million. The brand’s growth and success in the clean skincare market reflect its strong positioning and the increasing demand for natural, sustainable products. With annual sales exceeding $2 million, Kinfield is on a solid trajectory for continued expansion.

The global anti-pollution skincare market, which was valued at $9.5 billion, is expected to continue growing as consumers become more conscious of the impact of pollution on their skin. Kinfield is well-positioned to capitalize on this trend, offering products that cater to the needs of environmentally-conscious consumers who prioritize clean, effective skincare solutions.

Is Kinfield Still in Business?

Yes, Kinfield is still in business as of March 2024. The company continues to thrive under the leadership of Nichole Powell, with a strong commitment to sustainability and clean beauty. The brand has been featured in over 65 media publications, including Vogue, The New York Times, Refinery29, and NYMag’s The Cut.

Kinfield’s website receives over 42,000 visitors per month, with a significant portion of traffic coming directly from repeat customers. The company’s products are available for purchase online, as well as in select retail locations across the United States and Australia.

Kinfield has established itself as a leader in the clean skincare market, and with the support of Barbara Corcoran and Tony Xu, the brand is poised for continued growth and success.

Which Episode Number was Kinfield on Shark Tank?

Kinfield was featured on Shark Tank Season 14, Episode 11, which aired on January 13, 2023. The episode showcased Nichole Powell’s innovative approach to clean, plant-based outdoor skincare and her successful pitch to secure a deal with Barbara Corcoran and Tony Xu. The exposure from the show has helped elevate the Kinfield brand, leading to increased sales and expanded market presence.