Kisstixx Receives $200K Investment from Mark Cuban

Published On March 3, 2012 |

Kisstixx, the Orem, UT-based makers of a lip balm that packs a chemical reaction when kissing, has received a $200k investment from Mark Cuban, owner of the Dallas Mavericks and star of ABC’s “Shark Tank”.

The company intends to use the funds to increase adoption of its product.

Founded by CEO Dallas Robinson and and Mike Buonomo, Kisstixx makes lip balms which are offered in two compatible flavors for the couple. Flavor combinations include Fire & Ice, Raspberry & Lemonade, Peaches & Cream, Pina Colada & Strawberry Daiquiri, Sweet & Sour and Strawberry & Chocolate.
A release says that when partners kiss, the flavors combine to provide a pleasurable sensation (I haven’t tested it).

FinSMEs

03/03/2012

Additional Resources:

http://www.facebook.com/Kisstixx

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One Response to Kisstixx Receives $200K Investment from Mark Cuban

  1. Amanda says:

    I love Shark Tank, it’s a great reasource for entrepreneurs! I’ve had a few business ideas myself but am never sure if they’re good enough to “make” it. I recently read a book titled “HOT or NOT: How to Know if Your Business Idea Will Fly or Fail”, and it helped me pin point the areas of weakness in my idea so I could work on them before trying to find investors. If any of you other aspiring entrepreneurs out there would like some help, I’d definitely recommend checking this book out! http://www.amazon.ca/Hot-Prof-Sean-Evan-Wise/dp/1468024493/ref=sr_1_1?ie=UTF8&qid=1330874015&sr=8-1

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