Stryx, a cosmetic and skincare product, was started by Devir Kahan and Jon Shanahan in 2018. As of December 2023, Stryx’s net worth is $6 million and they’re pulling in a whopping $6.4 million in annual revenue.
In November 2021, they appeared on season 13 of Shark Tank USA and made a deal with Robert Herjavec, $600,000 for 10% equity. The final valuation was $6 million, down from the founder’s initial estimate of $12 million.
As of 2023 December, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.
Stryx Net Worth
| Net worth | $6 million |
| Annual Sales Revenue | $6.4 million |
| Profits | – |
| Lifetime sales | $1.5 million (As of 2021) |
| Investor | Robert Herjavec |
| Founders | Devir Kahan and Jon Shanahan |
| Employees | 1-25 employees |
Stryx Net Worth Timeline
| Net Worth 2023 | $6 million |
| Net Worth 2022 | $5.5 million |
| Net worth valuation 2021 after appearing on Shark Tank | $6 million |
| Net worth valuation 2021 before appearing on Shark Tank | $12 million |
Stryx Pitch on Shark Tank
| Company name | Stryx |
| Product | Cosmetics and skincare for men |
| Episode | Season 13 Episode 23 |
| Founders | Devir Kahan and Jon Shanahan |
| Asked for | $600,000 for 5% equity |
| Final deal | $600,000 for 10% equity |
| Shark | Robert Herjavec |
| Location | New York Area, East Coast, Northeastern US |
Don’t miss these product from Season 12
Stryx Founders
Stryx was founded by Devir Kahan and Jon Shanahan in 2018. Devir is the founder, and Jon serves as the Chief Marketing Officer. Jon, with his excellent marketing knowledge, promoted the products on TikTok, making them an instant hit. Stryx’s founders, Devir Kahan and Jon Shanahan, have a net worth of 1.9 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2021 | The company appeared on Shark Tank Season 13 and got the deal from Robert Herjavec. |
| 2020 | The company had a successful Kickstarter Campaign and raised $11,834 funding. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Stryx and its continued success.
Also read:“TA3” Net worth Update (Before & After Shark Tank)
