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Yes, the deal didn’t close. According to reports, Toor failed to finalize the deal with the Sharks, which led to them struggling without their support. The exposure from Shark Tank gave them a boost, but it wasn’t enough to sustain growth in such a competitive market.

Too many alternatives already. No need for another lockbox

Yeah, $300k with 18% interest… That’s the kind of ‘deal’ that makes you want to lock yourself in the box and never come out! 😂

The founder is a great salesman but the product needed more work. He ultimately passed on the Shark offer, and after little success with Toor, he has since started a CBD business.

The app hasn’t been updated since 2019. In 2020, he opened a CBD store in Dallas with his wife. He does still list Toor as ‘open’ on his LinkedIn page, but it doesn’t look like he’s selling any lockboxes. As of March, 2023, this status remains unchanged.

It would’ve worked better if they had a stronger marketing campaign after Shark Tank. I feel like I didn’t hear much about it after the show.

Plus, who wants to explain to a client, ‘Yeah, the key is in this smart box, and no, you can’t just grab it, there’s an app for that!’ Bet that got old real fast.

Even with Barbara and Kevin backing it, I don’t think it had enough differentiation. Smart lockboxes already existed, and I’d bet real estate agents didn’t feel compelled to change their processes.

Does anyone know if the deal with Barbara and Kevin fell through? Could that have been a factor in Toor’s failure?