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'Shark Tank' entrepreneur wrecks at Daytona

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January 25, 2013 06:14 PM EST | AP

DAYTONA BEACH, Fla. — Millionaire entrepreneur Robert Herjavec was involved in a wreck in the inaugural Ferrari Challenge event at Daytona International Speedway.

Herjavec, a star on ABC's "Shark Tank," veered off the 3.56-mile road course Friday after getting hit from behind on the seventh lap.

Herjavec was transported to the infield care center, where he was treated and released. His Ferrari was towed to the garage for repairs.

He expects the sports car to be ready for the second of two 15-lap races Saturday.

"thx everyone 4 your concern-medical released me-rammed from behind- frustrated but OK-car should be OK for race (hash) 2 tmrow," Herjavec posted on his Twitter page.

Herjavec has built and sold several companies, and his Herjavec Group is Canada's fastest-growing technology company. He earned Rookie of the Year honors in the Ferrari Challenge series in 2012.