Kymera Body Boards Update | Shark Tank Season 10

Paddling and waiting for waves make water sports hard for a lot of people to enjoy. To fix this, Jason Woods built the Kymera Body Board, an electric board that moves across the water on its own, no paddling or waves needed. His partner, Adam Majewski, later joined to help grow the business and bring the board to more people. Let’s see if their company can secure a deal in our Kymera Body Boards update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Kymera Body Boards after Shark Tank.

Jason and Adam entered Shark Tank Season 10, seeking $250,000 for 5% equity in their company. Ultimately, they struck a deal with Robert Herjavec for $500,000 for 10% equity.

In terms of a Kymera Body Boards update, the company never finalized its Shark Tank deal. However, it successfully raised its own funding and expanded its product line. Additionally, it scaled global distribution, leading to over $6 million in total sales.

Shark	Result
Robert Herjavec	Accepted offer of $500,000 for 10% equity
Kevin O’Leary	$250,000 for 5% equity, plus a $500 royalty per unit until he earned $750,000
Daymond John	$250,000 for 10% equity
Lori Greiner	No offer
Mark Cuban	No offer

Shark Tank Kymera Body Boards Pitch

• Entrepreneurs: Jason Woods and Adam Majewski
• Business: Watercraft
• Ask: $250,000 for 5% equity
• Result: $500,000 for 10% equity
• Shark: Robert Herjavec

Jason opened by addressing his first Shark Tank appearance, where the sharks rejected him due to poor business practices.

He explained that he took their advice seriously, quit his job, and partnered with Adam Majewski.

Adam said he reached out to Jason after seeing the original pitch and believed the sharks had made a mistake. Together, they improved the product and got it market-ready.

They also introduced two new products: an electric kayak and an electric jet surfboard. Their goal was to secure an investment to boost inventory and support growth.

Adam revealed that they had raised $620,000 from investors. Their company valuation had ranged from $2 million to $7.5 million.

Kevin O’Leary asked how they funded development, and Adam confirmed the raised amount covered that.

Robert Herjavec asked about the retail and manufacturing cost of the board. Jason said it retails for $3,500 and costs $1,800 to make.

Kevin raised concerns about the margin, especially with two distribution levels. Adam explained they had secured a deal with a major boat manufacturer, which would give them access to 225 dealers.

Kevin asked how many units the dealer had ordered. Adam said no order had been made yet, but they were scheduled to meet all the dealers.

Mark Cuban asked about recent sales. Jason said they had sold $900,000 worth of products in the past 12 months and expected $2 million by year’s end.

When asked about profits, Adam said they expected $600,000 gross profit and a 17–20% net profit margin after expenses.

Kevin questioned their $5 million valuation, arguing it didn’t align with their sales and projected profit. Jason said the valuation reflected years of development.

However, Kevin made the first offer of $250,000 for 5% equity, plus a $500 royalty per unit until he earned $750,000.

Daymond John offered $250,000 for 10% equity and said he could help with factories and licensing.

Meanwhile, Mark dropped out, saying Kevin’s deal was better than what he would offer. Lori Greiner also passed, saying it wasn’t the right fit for her, but praised the product.

Robert then made a surprise offer of $500,000 for 10% equity with no royalty. The pair quickly accepted Robert’s offer.

Now, let’s get a Kymera Body Boards update to see how the company has been doing since appearing on Shark Tank.

Shark Tank Kymera Body Boards Update

Our Kymera Body Boards update found that the deal never closed after filming, likely due to contract terms or due diligence.

Despite that, Kymera raised $625,000 independently and signed a distribution deal with a luxury RV and boat manufacturer.

In 2018, they were tracking toward $2 million in total revenue.

Impressively, by 2023, our Kymera Body Boards update found that the company had done over $6 million in total sales, including $1 million in that year alone.

During the summer of the same year, their stock sold out quickly, which prompted preorders for the following year (2024).

They now sell through 29 international distributors and over 23 dealerships. The boards are also available through Kymera’s official website.

Once we get another Kymera Body Boards update, we will let you know.

You can find the other company updates from Season 10 Episode 21 here:

• Basepaws Update
• Best Pocket Square Holder Update
• The Bang Shack Update

Before you go, be sure to check out our list of all the Shark Tank Season 10 products.