KIN Apparel Shark Tank Net Worth

KIN Apparel, introduced in episode 01 of Season 13 of Shark Tank, is a brand that specializes in silk-lined clothing and accessories, aiming to protect various hair types.

Philomina Kane, the founder, created KIN Apparel after experiencing hair damage due to the drying nature of cotton hoodies while studying ecological biology at Princeton University.

The silk lining used in KIN Apparel’s products offers a gentle and protective layer for the hair, helping to prevent breakage and damage.

KIN Apparel offers silk-lined hoodies, zip-up jackets, scrunchies, hats, pillowcases, car seat headrests, and more. These items are not only functional but also fashionable, reflecting Kane’s dedication to inclusivity and her cultural roots.

KIN Apparel’s oversized hoods are ideal for accommodating longer natural hairstyles like locs and afros, making them highly versatile.

KIN Apparel’s success on Shark Tank was propelled by its innovative approach to combining fashion with hair care, as well as Kane’s impressive entrepreneurial journey from starting the company with just $500 to achieving significant sales in the first year.

With a focus on quality, functionality, and inclusivity, KIN Apparel has carved out a unique niche in the market, making it an appealing choice for those seeking stylish and protective clothing and accessories for their hair.

Company NameKIN Apparel
FounderPhilomina Kane
ProductHoodies lined with satin for hair care fans
Investment Seeking$200,000 for 10% equity
Final Deal Accepted$300,000 for 30% equity
Shark NameEmma Grede & Lori Greiner
EpisodeSeason 13, Episode 1
Business StatusIn Business
WebsiteVisit Website
Net Worth$1.5 Million 

What Is KIN Apparel?

KIN Apparel is a brand that focuses on designing functional and inclusive clothing and accessories with an emphasis on haircare. The name “KIN” stands for “Keep It Naturally,” but it also carries a deeper meaning of family.

KIN Apparel, now known as KIN Haircare, is a business that specializes in manufacturing satin-lined hoodies and various accessories designed for hair care enthusiasts.

KIN Apparel Shark Tank Net Worth

The use of satin in their products aims to provide benefits such as minimizing friction, retaining moisture, preventing frizz, and reducing breakage, hair loss, and dryness.

The brand represents Philomina’s Ghanaian culture and her commitment to providing motivational content through platforms like YouTube, empowering women of color to embrace their natural selves and promoting the natural hair revolution.

Who Is The Founder Of KIN Apparel?

Philomina Kane, a Black woman, is the founder of KIN Apparel. Born in the Bronx, she spent time in Ghana learning from her grandmother and later pursued studies in Ecology, Evolutionary Biology, Global Health, and African Studies at Princeton.

She started her career by researching Ghanaian mosquitoes and went on to become a YouTube influencer at NaturallyPhilo, empowering women of color to accept and embrace their natural hair.

Philomina’s journey from academia to online influence and marketing led her to found KIN Apparel.

Drawing from her experiences and passion for empowering women, she created a brand that combines fashion with functionality by offering satin-lined hoodies and hats that protect and nourish natural hair.

Before appearing on Shark Tank, KIN Apparel had already gained recognition for its high-quality satin-lined hoodies and hats designed to retain moisture, reduce friction, and maintain hairstyles.

Philomina’s background in marketing, social media, and community building through NaturAll Club provided a strong foundation for KIN Apparel’s success.

The brand’s commitment to empowering women of color and promoting natural hair care resonated with its audience, setting the stage for its appearance on Shark Tank in Season 13, Episode 1.

How Was The Shark Tank Pitch Of KIN Apparel?

  • Founder: Philomina Kane
  • Product: Satin-lined hoodies for natural hair
  • Investment Seeking: $200,000 for 10% equity
  • Final Deal: $200,000 for 30% equity
  • Sharks: Lori Greiner and Emma Grede

Philomina Kane, an immigrant from Ghana and a Princeton graduate in Ecological Biology, pitched Kin Apparel on Shark Tank Season 13.

KIN Apparel Shark Tank Net Worth

The company offers satin-lined hoodies designed to help retain moisture and prevent breakage and frizz, catering to all hair types.

Philomina sought $200,000 for 10% equity in Kin Apparel. The stress on her hair during her studies inspired her to create the product.

With startup costs of $500 and profits of $60 per hoodie, the business generated over $550,000 in sales. Viral’s social media success and YouTube channel with nearly 200,000 subscribers helped with customer acquisition.

Sharks’ Reactions:

  • Kevin O’Leary joked about his lack of success in hair care products.
  • Barbara Corcoran described Philomena as a “chaotic poetry in motion” needing a working partner.
  • Mark Cuban echoed the need for a grounded partner.

Investment Details:

  • Sharks: Lori Greiner and Emma Grede
  • Offer: $200,000 for 30% equity
  • Counter Offer by Founder: Not specified
  • Final Deal: Accepted $200,000 for 30% equity

Shark Investment Table:

SharkInvestment OfferedCounter Offer by FounderFinal Deal Accepted
Lori Greiner & Emma Grede$200,000 for 30% equityNot specified$200,000 for 30% equity

This detailed summary provides insights into the KIN Apparel Shark Tank pitch, including background information, pitch details, Sharks’ reactions, investment specifics, post-show updates, and a concise table outlining the investment deal.

The company achieved an immediate boost in sales post-show airing. The brand continues to grow with the addition of new styles and accessories. In 2023, the company generated over $5 million in lifetime sales.

With over 232,000 followers on Instagram, the Instagram account has a large social media following. A dual agreement with Emma Grede was merged into one partnership.

Did KIN Apparel Get a Deal on Shark Tank?

Yes, KIN Apparel secured a deal on Shark Tank with investors Emma Grede and Lori Greiner. They invested $300,000 for a 30% equity stake in the company, valuing KIN Apparel at $1 million. The deal was finalized during Season 13, Episode 1 of Shark Tank, which aired on October 8, 2021.

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What Happened To KIN Apparel After Shark Tank?

After securing a deal with investors Lori Greiner and Emma Grede on Shark Tank, KIN Apparel experienced significant growth and success.

While the original deal with both investors changed, Philomina Kane decided to partner with Emma Grede alone, allowing her to retain a larger stake in the company.

This decision proved to be beneficial as KIN Apparel’s revenue doubled from the time of filming to $700,000 within a few months post-show.

By July 2023, KIN Apparel had generated over $4.9 million in lifetime revenue, showcasing the company’s continued success. Kane expanded the product line to include kids’ clothing, various hat styles, umbrellas, and other silk-lined accessories.

KIN Apparel Shark Tank Net Worth

Additionally, KIN Apparel engaged in philanthropic efforts by partnering with the Children’s Hospital of Philadelphia, donating hoodies to children undergoing chemotherapy.

The KIN Apparel social media presence has garnered nearly 232,000 Instagram followers and over 172,000 TikTok followers. The company is gearing up to introduce new products like satin-lined raglan short sets, catering to its growing customer base.

With a team of 15 members, Kane can now focus on marketing, customer service, packaging, and other business logistics.

KIN Apparel’s plans include expanding its presence into brick-and-mortar retail stores, aiming to reach new heights in the ever-evolving fashion industry.

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KIN Apparel Shark Tank Update

After its captivating appearance on “Shark Tank,” KIN Apparel, the Black-owned protective hair apparel company founded by Philomina Kane, experienced a significant boost in its business trajectory.

Despite the initial deal made on the show with Lori Greiner and Emma Grede, Kane later renegotiated a new agreement with Grede alone, leading to a $100,000 investment in exchange for 15% equity. This strategic decision marked a turning point for the company.

Following the revised deal, KIN Apparel swiftly expanded its operations, hiring a team of 15 employees to manage various aspects of the business, including marketing, customer service, and order fulfillment.

The exposure gained from the “Shark Tank” episode propelled the company’s growth, with over 1,000 orders flooding in immediately after the show aired.

The surge in demand, coupled with Kane’s adept social media presence and enhanced marketing strategies, resulted in a remarkable increase in sales.

From generating hundreds of thousands, KIN Apparel’s revenue skyrocketed to millions of dollars, solidifying its position in the market.

As of the latest update, KIN Apparel remains in business and continues to thrive. The brand’s Instagram account boasts close to 200,000 followers, showcasing new product launches and engaging with its audience.

With a net worth of $1.5 million, KIN Apparel has demonstrated resilience and innovation in expanding its product line beyond satin-lined hoodies to include a diverse range of offerings, such as hoodie dresses, jogging suits, waterproof bucket hats, adult onesies, and children’s collection.

Moreover, KIN Apparel has introduced a rewards program to incentivize customer loyalty, allowing shoppers to accumulate “koins” for future discounts.

The brand’s commitment to inclusivity and quality has garnered a loyal following, positioning it as a leader in the natural haircare and apparel industry.

The future looks promising for KIN Apparel, with Philomina Kane’s vision and dedication driving the brand toward continued success and growth in the dynamic market landscape.

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What Is the Net Worth Of KIN Apparel?

According to our research, KIN Apparel’s net worth is estimated to be $1.5 million. The valuation of KIN Apparel was $666,666 after securing an investment from Emma Grede and Lori Greiner on season 13 of Shark Tank.

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