Product Update
Is KaZam Still in Business? (2026 Update)
Is KaZam from Shark Tank still around in 2026? The deal it made, the sharks who invested, and where to buy KaZam today.
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KaZam makes a pedal free balance bike that teaches toddlers to ride by getting the balancing part right before the pedaling part, and founder Mary Beth Lugo walked out of Season 4 with two sharks and a business that has stayed on shelves ever since.
The Short Answer
Yes, KaZam is still in business and doing well over a decade after its Shark Tank appearance. The company has grown to an estimated 5 million dollars in annual revenue and now offers seven different bike sizes, from 12 inch to 20 inch wheels, plus helmets and pads.
It does not currently sell on Amazon, so the company website and its retail partners are where you would find the bikes today.
The Shark Tank Pitch
KaZam pitched in Season 4, Episode 24, out of Virginia Beach, Virginia. Founder Mary Beth Lugo asked for 300,000 dollars for 20 percent of the company, pitching the balance bike concept as a smarter way to teach young kids to ride than training wheels.
The pitch had early credibility going for it. Recognition from Sky magazine, an endorsement from the Oppenheim Toy Portfolio, and a Mr. Dad Seal of Approval all gave the sharks reason to believe this was more than a one product novelty. The balance bike concept itself, skipping training wheels entirely and teaching kids to balance first, pedal later, was still a relatively fresh idea in the American market at the time of the pitch, even though it had already caught on in parts of Europe.
Two Sharks, One Bigger Stake
Barbara Corcoran and Mark Cuban teamed up to fund KaZam, offering the full 300,000 dollars for 32 percent equity, a bigger slice than the 20 percent originally on the table. The founders gave up more ownership than they pitched for, but they got two well connected investors instead of one.
That combination paid off quickly. KaZam reportedly sold over 1.5 million dollars worth of bikes within months of the investment closing, a fast validation of the deal for everyone involved. For a company that gave up more equity than it originally wanted to, that kind of immediate sales spike is exactly the outcome that makes the tradeoff worth it, since a bigger pie beats a bigger slice of a small one.
Getting Onto the Shelves That Matter for Toys
The years after the show were about landing the retail relationships that make or break a kids' product company. KaZam got its bikes into Dick's Sporting Goods, a significant boost given the store's national footprint in outdoor and sporting gear, and later landed a deal with Toys R Us during the years that chain was still a major national toy retailer.
Since then, the product line has grown from a single balance bike design into a full range spanning 12 inch to 20 inch wheel sizes, plus accessories like helmets and pads, turning a single product pitch into something closer to a full kids' cycling brand. Spanning that wide a wheel size range means KaZam can sell to a family as their child ages, from a toddler's first balance bike up through sizes that suit an older kid learning to ride a standard pedal bike, which extends the average customer relationship well past a single purchase.
KaZam net worth in 2026
Shark Tank tracking sites estimate KaZam's annual revenue at roughly 5 million dollars as of 2026, a figure built on the company's retail expansion through Dick's Sporting Goods and its early Toys R Us placement. There is no independently audited net worth or valuation figure published for KaZam, and no source claims one.
The 5 million dollar revenue estimate is the more defensible number to cite, since it is grounded in the company's documented retail growth rather than a speculative company wide valuation.
Where Things Stand Now
KaZam pitched a balance bike in Season 4 out of Virginia Beach, asked for 300,000 dollars at 20 percent, and closed a deal with Barbara Corcoran and Mark Cuban at 32 percent instead. That funding helped the company sell over 1.5 million dollars in bikes within months and later land shelf space at Dick's Sporting Goods and Toys R Us.
Today the company sells seven bike sizes plus helmets and pads, with an estimated 5 million dollars in annual revenue. If you found this page wondering whether the toddler bike from Season 4 made it, it clearly did.
Where to buy KaZam
Still selling as of April 4, 2026. Check today's price and availability.
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See the full KaZam deal breakdown and term sheet →
