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Food & Beverage❌ No Deal✅ Still Active
Kodiak Cakes
High-protein pancake and waffle mix made with 100% whole grains
The Pitch
Asked for
$500,000 for 10%
Season / Episode
S5 E22 (2014)
About Kodiak Cakes
Kodiak Cakes makes protein-packed pancake and waffle mixes from whole grains. Despite not getting a deal on Shark Tank, they became one of the top pancake mix brands in America.
Company Timeline
82
1982
Joel Clark's mother creates the original whole grain pancake recipe
95
1995
Joel Clark starts selling the mix door-to-door from a red wagon as a kid
14
2014
Appears on Shark Tank Season 5. All sharks decline
16
2016
Lands on Target shelves. Revenue triples year-over-year
21
2021
Revenue exceeds $200M. L Catterton acquires majority stake
23
2023
Files for IPO. Valued at over $1 billion
Where Are They Now?
No deal taken — grew to $200M+ revenue and filed for IPO. Valued at $1B+.
🦈 Shark Update
No shark invested, but Kevin O'Leary later admitted it was one of his biggest mistakes.
💰 Shark Return on Investment
Estimated Return
Missed $1B+ valuation
Current Value
N/A — no deal
😬 Major miss
Watch the Pitch
#food#protein#pancakes#breakfast
