What Is Kalyx?
Kalyx Technologies is a company that creates comfortable sports bras to relieve exercise-induced breast pain.
|Company Name||Kalyx Technology|
|Product||A sports bra that is comfortable and reduces exercise pain|
|Investment Seeking||$125,000 For 20% equity in Kalyx Technology|
|Final Deal||No Deal|
|Episode||Season 1 Episode 6|
Who Is The Founder of Kalyx?
Kimberly Cayce is the founder of Kalyx Technology, which manufactures sports bras to reduce exercise pain.
Kalyx Before Shark Tank
Kimberly Cayce started a Kalyx Technologies company that produces sports bras and other women’s clothing. It is an idea that has been invented by and for women.
Kimberly Cayce has been playing golf professionally for five years. Her experience has inspired her to create a company that produces special sportswear for women.
Kimberly Cayce was inspired by everything she has accomplished as a professional athlete, including her philanthropic efforts.
Kimberly Cayce finished her professional golf career after getting divorced, which made her realize that she needed to reinvent herself.
Kimberley Cayce spent three years researching and developing her business. She has done extensive beta testing on some of her products.
Kimberly Cayce has invested a lot of her own money in this company, but currently, she is struggling to get some investments.
Kimberly Cayce has invested almost all of her money into Kalyx Technologies and says she needs an investment from the Sharks to keep the company going.
How Was The Shark Tank Pitch Of Kalyx?
Kimberly Cayce appeared on Shark Tank requesting an investment of $120,000 in exchange for a 20% stake in Kalyx Technologies.
None of the Sharks found Kalyx a profitable business to invest in and backed out from investing.
Kimberly Cayce left the Shark Tank stage without securing any deal from the Sharks for Kalyx Technologies.
Final Deal: No deal between Kalyx Technologies and Sharks.
What Happened To Kalyx After Shark Tank?
Kimberly Cayce has been perfecting her sports bras for three years, but she has not sold a single one.
Kalyx Technologies was on the verge of bankruptcy, and she had invested a significant amount of her own money.
She needed a significant investment from the Sharks to manufacture and sell her sports bras.
Kalyx Technologies raised over $500,000 in Venture Capital and Angel Investments following its appearance on ABC’s Shark Tank on September 13, 2009.
The company increased its revenues and sales year-over-year from 2008 to 2012. It opened several high-profile gyms, yoga studios, and boutiques, including Equinox, Yoga Works, and Montage Resorts.
Kalyx items were also offered online via stores like Hautelook and in boutiques and studios around Australia, Europe, the United Kingdom, and South America.
The team created an award-winning sports bra and apparel collection, and KALYX items have been acknowledged for their design quality.
The KALYX items were featured in magazines such as Us Weekly, Health, Women’s Health, Self, Shape, and Glamour after celebrities like Jennifer Anniston and Kate Hudson wore them.
Finally, internet reviews indicate that consumers of the Kalyx sports bra find them to work flawlessly and intend to continue using them for a long time.
Kalyx Shark Tank Update
Kalyx makes comfortable sports bras and offers a solution to exercise-induced breast pain.
The founders of Kalyx went to Shark Tank and raised $125,000 for a 20% stake in the company but could not secure an offer.
The popularity and sales of Kalyx were boosted because of its appearance on Shark Tank. However, the business could not generate much sales to sustain itself.
ActivewearUSA.com acquired Kalyx Technologies in 2012.
Is Kalyx Still In Business?
Kalyx was acquired by ActiveWearUSA in 2012 and has been the company’s sub-brand.
What Is the Net Worth of Kalyx?
The valuation of Kalyx was $600,000 when it appeared on Shark Tank. The net worth of Kalyx is unknown as of 2022 since ActivewearUSA.com acquired the company in 2012.