Lectec Shark Tank Update

Lectec Shark Tank Pitch

Jared Ebersole and Luke St. Amand appeared on Shark Tank Season 16, Episode 11, which aired on February 8, 2025, with Educational technology.

Lectec is listed in the Pet Products category. In plain terms, the business is described as Educational technology.

Lectec asked the Sharks for $100,000 for 10% equity, implying a valuation of about $1 million.

On the show, Lectec made a listed deal for $100,000 for 15% equity.

If treated as straight equity, the listed deal works out to about $666,666.667 implied valuation, down from the original $1 million implied valuation.

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

Lectec After Shark Tank

Lectec accepted an on-air deal for $100,000 for 15% equity. Lectec remained active after the episode. (Lectec - Shark Tank Season 16

After Shark Tank, Lectec broadened its lineup to include electric skateboard and scooter kits, each with clear, step-by-step guides, making STEM education hands-on and engaging. (Lectec - Shark Tank Season 16

Lectec while the on-air deal was accepted, it remains unclear whether the deal officially closed. (Lectec - Shark Tank Season 16

Lectec also launched Lectec Academy, an online platform offering educational materials for middle school through college students. (Lectec - Shark Tank Season 16

Lectec also launched Lectec Academy, an online learning platform that provides educational materials for students from middle school to college. (Lectec - Shark Tank Season 16

Sources

Sources used for this page: sharktankblog.com