Benjilock Shark Tank Update

Benjilock Shark Tank Pitch

Robbie Cabral appeared on Shark Tank Season 9, Episode 4, which aired on October 15, 2017, with Hybrid technology padlock that opens by key or fingerprint..

Benjilock is listed in the Software Tech category. In plain terms, the business is described as Hybrid technology padlock that opens by key or fingerprint..

Benjilock asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, Benjilock made a listed deal with Kevin O'Leary for $200,000 for 15%.

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.

Benjilock After Shark Tank

BenjiLock accepted Kevin O’Leary’s on-air deal and became one of the more visible Season 9 product stories. (BenjiLock Shark Tank Blog update

The most important post-show move was not just the cash: Kevin helped broker a licensing deal with Hampton Products, giving BenjiLock a real retail and manufacturing partner. (BenjiLock Shark Tank Blog update

BenjiLock products expanded into major retail channels including Walmart, Home Depot, Lowe’s and Amazon. (BenjiLock Shark Tank Blog update

Founder Robbie Cabral later introduced additional fingerprint-lock products, including a fingerprint door lock, and the brand remains active. (BenjiLock Shark Tank Blog update

Sources

Sources used for this page: Shark Tank API pitches