Toor Shark Tank Update – Shark Tank Season 8
Toor Lockbox appeared on Shark Tank Season 8. Know it’s journey through Shark Tank negotiations, Kickstarter success, and unexpected challenges.
Junior Desinor wants to change the way people look for real estate with Toor Lockbox, his smart lockbox that lets buyers, sellers, and agents efficiently schedule home tours, in the Shark Tank Season 8 Episode 8.
Check out other Shark Tank Season 8 Episodes.
About Toor Lockbox
| Category | Details |
|---|---|
| Business Name | Toor Lockbox |
| Founder | Junior Desinor |
| Industry | Real Estate Technology |
| Product | Smart lockbox and app for home showings |
| Deal Status | Deal secured with Barbara and Kevin |
| Investment Asked | $500,000 for 10% equity |
| Deal Outcome | $200,000 for 10% and $300,000 as a loan with a contingency |
| Valuation | $5 million (at the time of the Shark Tank pitch) |
Traditionally, realtors controlled the homebuying process. Toor Lockbox seeks to level the playing field by creating an interface between its smart lockbox and accompanying app.
Buyers can schedule home showings without a realtor present. If a seller requires a realtor’s presence, the technology provides online, on-demand scheduling.
All users must register when getting the app. So, sellers track who visited, when, and for how long. Sellers and realtors can also set specific showing times that prevent unplanned visits.
Their main product, the Toor Pro Lockbox app, is great for realtors. It merges all local MLS listings, thus eliminating the need for multiple apps. Using the technology is proven to increase showings, a good marketing tool when realtors are soliciting listings.
Desinor, a veteran real estate agent, got the business started when he raised $100,412 on Kickstarter in May 2016. He pledges to make the lockboxes in the USA. He’s finalized the design, but still hasn’t produced any boxes.
He likely wants a Shark to help fund production and make connections in the real estate industry. Will a Shark lock into this business?
Toor Lockbox Shark Tank Recap
Junior enters seeking $500,000 for 10% of his Toor company. He tells his story and gives his pitch before asking Barbara Corcoran to join him onstage. He demonstrates how it works, then fields questions.
Kevin O’Leary wants to know what happens if a person doesn’t return the key: the seller is notified. Lori Greiner expresses concerns about people on her property unescorted. The seller can require an agent.
Kevin asks about sales – the only sales he has are the Kickstarter. That’s pre-sales of 800 boxes. They cost Junior $50 to build, and he sells them for $199. Chris Sacca gets a little testy about whether this is new technology or not.
Did Toor Lockbox Get a Deal on Shark Tank?
Lori is the first Shark out, saying it was “too early.” Kevin offers $100,000 for 10% and a $400,000 loan at 18% interest. At this point, Mark Cuban says he doesn’t know much about the real estate business, and he goes out.
Barbara says she’d like to join Kevin on the deal, contingent on getting the product in the hands of a large retailer. Barbara would provide introductions and let Junior sell it. At this point, Chris goes out.
Junior counters with $250,000 for 10% plus a $250,000 loan. They eventually settle on $200,000 for 10% plus a $300,000 line of credit.
What Makes Toor Lockbox Unique?
Toor Lockbox offers smart, secure access for properties by allowing:
- Remote access control via app
- One-time, time-sensitive access codes
- Real-time tracking and notifications
- Built-in camera for visitor accountability
- Tamper alerts and bank-level encryption
Initially designed for real estate showings, it’s also perfect for rentals, deliveries, and contractor access, bringing security and convenience together in one device.
Toor Shark Tank Update
The Shark Tank Blog constantly provides updates on what happened to Toor after Shark Tank and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show.
The deal with Barbara and Kevin never closed. Junior shipped his first boxes in 2018 and partnered with Touch of Modern. Things have been in limbo since then. Social media hasn’t been updated since 2018, and you cannot order a unit on the website.
The app hasn’t been updated since 2019. In 2020, he opened a CBD store in Dallas, Texas, with his wife. He still lists Toor Lockbox 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. Junior is still running a CBD store in Dallas with his wife. He started another business named City Naturals and serves as the Co-founder and CEO of the company.
It appears that the Toor company has gone out of business, and the estimated net worth of Toor Lockbox is $0 as of 2025.
Posts About Toor Lockbox on Shark Tank Blog
Where Can You Buy It?
Toor Lockbox is inactive, and its website is not working. Check out their social media pages for older updates: Facebook and Twitter.
Quick Summary
- Junior Desinor pitched a Toor smart lockbox set to revolutionize home tours, sparking intense interest in the Tank.
- Combining technology with convenience, Toor Lockbox offers seamless scheduling and enhanced security for home showings.
- With a Kickstarter campaign raising over $100,000, Toor Lockbox proved its potential before even hitting the market.
Curious to know about other businesses featured in this episode? Check out their business updates!
