The Tomte Cake Shark Tank Update

The Tomte Cake Shark Tank Pitch

The Tomte Cake appeared on Shark Tank Season 15, Episode 8, which aired on December 8, 2023, with Alternative to gingerbread houses.

The Tomte Cake is listed in the Consumer Products category. In plain terms, the business is described as Alternative to gingerbread houses.

The Tomte Cake asked the Sharks for $200,000 for 10% equity, implying a valuation of about $2 million.

On the show, The Tomte Cake made a listed deal for $200,000 for 15% equity.

If treated as straight equity, the listed deal works out to about $1.3 million implied valuation, down from the original $2 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

The Tomte Cake After Shark Tank

The Tomte Cake accepted an on-air deal for $200,000 for 15% equity. After filming, that deal closed. (The Tomte Cake Shark Tank Update – Shark Tank Season 15

As of July, 2024 - about 6 months after the original air date - there is no evidence the deal with Kevin closed. (The Tomte Cake Shark Tank Update – Shark Tank Season 15

The Tomte Cake's own site was active in this research pass and continued to present products or service information for customers. (The Tomte Cake website

Sources

Sources used for this page: sharktankblog.com