Whatever Happened To CoatChex After Shark Tank?

First, some context. At the time of his "Shark Tank" appearance, Pacqué hadn't yet done any sales. This was a major reason why most of the sharks balked at making an offer–the product hadn't yet been proven. So, upon leaving the tank, Pacqué's first goal was to secure contracts with event companies to create a track record. He also wanted to expand CoatChex to provide the same service for other "bailment" businesses, or those that involve handing over property for a short period of time–dry cleaners, airport luggage, valets, and so on.

Since "Shark Tank," Pacqué did exactly that. In 2015, he moved to New York City and changed the name of his company to Chexology. That year, Pacqué had secured business deals with more than 50 accounts, including big-name venues like Madison Square Garden and the Lincoln Center. This led Chexology to secure $1.2 million in seed funding (per PR News Wire).

According to Yahoo News, Chexology's success has only continued since. Today, it makes between $1 million and $10 million annually. Its machines have appeared at the Super Bowl, New York Fashion Week and Mercedes-Benz Fashion Week, and its clients include American Express, Nike, Barclays Center, Chase and Delta Airlines. Not bad for a company that was unproven.