Toor Smart Lockbox Shark Tank Net Worth 2023

Toor appeared on season 8 of Shark Tank, asking for $500,000 in return for 10% equity. The company was valued at $5 million.

Junior Desinor secured a deal with Kevin O’Leary and Barbara Corcoran on Shark Tank, but the deal fell through after it was initially secured during the pitch. Toor is still in business but has gone quiet on social media.

According to Junior’s LinkedIn profile, the firm is still listed as active, although it seems that he is not currently selling any lockboxes and had an annual revenue of $600,000 as of December 2021.

At the time of its Shark Tank appearance, Toor was valued at around $2 million. However, as of now, the company is out of business.

What is Toor Smart Lockbox? Who is the Founder of Toor Smart Lockbox?

The Toor Smart Lockbox is a user-friendly outdoor security device designed to safeguard your house keys while granting access to authorized users through a smartphone app request and invitation to open the box.

This intelligent lockbox enhances the real estate and hospitality industries by allowing realtors and hosts to remotely control their lockbox, making it easier to connect potential buyers, tenants, contractors, and other individuals.

The founder and CEO of the company is Junior Desinor, whose parents migrated from Haiti to Texas when he was a child in search of a better life.

Toor was introduced in 2018, in conjunction with an e-commerce partnership and a real estate client.

The Toor lockbox first appeared on Kickstarter in 2016 and raised more than $100,000 in funding from 108 supporters for their exclusive lockbox system.

Toor was featured on Shark Tank shortly after a successful Kickstarter campaign, during which Junior Designor accepted an offer from Barbara Corcoran and Kevin O’Leary for a $2 million valuation and a $300,000 loan.

Despite the Sharks’ deal falling through, the company received additional funding from other investors.

Toor Smart Lockbox Shark Tank Pitch

Desinor made their debut on “Shark Tank,” where they pitched their business idea and requested $500,000 in exchange for a 10% stake.

While guest shark Chris Sacca described their technology as “ancient,” Barbara Corcoran believed that there was no need for technological innovation.

Despite finding the company’s valuation to be too high, Kevin O’Leary offered $500,000 for a 10% stake and an additional $400,000 as an 18% loan.

Corcoran agreed to join forces with O’Leary on the condition that the business be sold to a significant real estate corporation.

Eventually, Desinor agreed to a deal with O’Leary and Corcoran for $200,000 in exchange for a 10% stake and a $300,000 loan with conditions attached.

However, Barbara and Kevin’s agreement was never finalized. Following the airing of the show, Junior declined the shark’s original offer, and no contract was ever completed.

Subsequently, Toor, which had initially been a lockbox for real estate purposes, evolved into a more versatile device that could be used in various contexts to enhance security. Junior began shipping the boxes in 2018 and collaborated with Touch of Modern.

Toor Net Worth

Junior estimated the worth of his product at $5 million when he requested $500,000 in exchange for a 10% interest in the firm.

Toor Smart Lockbox Updates

Toor is a smart lockbox that allows authorized users to access house keys through a smartphone app, even when the owner is away.

The lockbox was created and is led by Junior Desinor, who appeared on Shark Tank in Season 8 seeking an investment of $500,000 for 10% equity in his company, valuing it at $5 million.

After a successful Kickstarter campaign, the lockbox was launched in 2018 and retailed for $199 per device at launch with a monitoring fee of $100 a month.

However, Toor has not been available for purchase much since Kickstarter’s orders were sent out. The company has seen no online presence as of today, and the products are not sold online nor does the company have a social media presence.

Recent updates on Desinor’s life show that he has opened a brick-and-mortar CBD store with his wife in Dallas, Texas. Movement on Toor is at a standstill, and with no updates on social media or the website, it doesn’t seem likely to pick up in the near future.

In conclusion, Toor was a smart lockbox that allowed authorized users to access house keys through a smartphone app.

The lockbox was launched in 2018 after a successful Kickstarter campaign, but the company has seen no online presence as of today, and the products are not sold online nor does the company have a social media presence.

Summary table: Toor Smart Lockbox Shark Tank.

DESCRIPTION	INFORMATION
Company name	Toor Smart Lockbox
Founder	Junior Desinor
Appearance on Shark Tank	Season 8
Amount of funding requested	$500,000
Equity offered	10%
Company Valuation on Shark Tank	$5 million
The deal secured on Shark Tank	Yes
Sharks involved in the deal	Kevin O’Leary and Barbara Corcoran
Company still active?	Yes, according to the founder’s LinkedIn profile
Annual revenue as of December 2021	$600,000
Current net worth	Unknown
Product Description	A smart lockbox that allows authorized users to access house keys through a smartphone app
Kickstarter campaign	Raised over $100,000 from 108 supporters
Retail price at launch	$199 per device
Monitoring fee at launch	$100 per month
Status of the company	Currently out of business with no online presence or social media activity
Recent updates on the founder’s life	Opened a brick-and-mortar CBD store in Dallas, Texas

Toor FAQs

What Is Toor Smart Lockbox?

Toor Smart Lockbox is a smart lockbox with a companion app that allows sellers to set up showings without anyone being present. The lockbox has a removable steel padlock-style shackle that adapts to all kinds of doors, knobs, or handles.

The companion app wirelessly notifies users when the lockbox is opened or closed by a guestlist user.

Toor Smart Lockbox was presented on Shark Tank in Season 8 by Junior Desinor, a real estate agent. Desinor asked for $500,000 for 10% equity but ended up accepting $200,000 for 10% and $300,000 as a loan with a contingency.

After a successful Kickstarter campaign, the lockbox was launched in 2018 for $199 per device at launch and a monitoring fee of $100 a month.

Toor Smart Lockbox was initially designed for the selling of real estate but can be used for any number of entry needs, from guests staying in vacation homes to added security for personal use. The lockbox has many beneficial features for every member of the buying and selling process.

However, Toor Smart Lockbox has not been available for purchase much since Kickstarter’s orders were sent out, and it may not have taken off due to the many lockboxes on the market already outfitted with smart technology.

How Does Toor Smart Lockbox Works?

Toor Smart Lockbox is an electronic lockbox that allows homeowners and business owners to secure access to their property via a lockbox that is controlled by a mobile app.

The lockbox is designed with cellular and Bluetooth connectivity, which makes it easy for realtors and potential buyers to leave or pick up keys in order to access a house, office, or apartment.

The lockbox is controlled by a mobile app that allows the homeowner or business owner to grant and revoke access remotely.

Toor Smart Lockbox was presented on Shark Tank by Junior Desinor in 2016. The lockbox enables a prospective buyer to schedule a home tour on a smartphone app that will give the buyer immediate access to the property.

The lockbox and its companion app have many beneficial features for every member of the buying and selling process, but it also has other applications. While it was designed with the selling of real estate in mind, it could feasibly be used for any number of entry needs, from guests staying in vacation homes.

The lockbox combination is preset to open on 0-0-0-0, and combination reset instructions are included with the product. The lockbox is designed to keep a key inside it, and it is used to secure access to a property.

The lockbox has not been available for purchase much since Kickstarter’s orders were sent out, and it may not have taken off due to the competition from other lockboxes on the market that are outfitted with smart technology.

What Happened To Toor Smart Lockbox After Shark Tank?

Toor Smart Lockbox appeared on Shark Tank Season 8 and landed a deal with Kevin O’Leary and Barbara Corcoran. Junior Desinor, the inventor of Toor, asked for $500,000 for 10% equity but ended up accepting $200,000 for 10% and $300,000 as a loan with a contingency.

However, the deal never closed, and the company eventually closed itself.

After the show aired, Junior Desinor decided to pass up on the shark’s initial offer, and a deal was never made. However, Junior maintains that he remains in close contact with Barbara. The company eventually launched its product in 2018 and shipped the boxes purchased from Kickstarter.

Still, nothing came from the partnership with Touch of Modern. The products are not sold online, and the company has no social media presence.

What Is The Current Valuation Of Toor Smart Lockbox?

Toor Smart Lockbox is a device that allows authorized users to access house keys through a smartphone app, even when the owner is away. The lockbox was initially designed for real estate tours, but it can be used anywhere for added security.

Junior Desinor, the creator of Toor, appeared on Shark Tank seeking an investment of $500,000 for 10% equity in his company, valuing it at $5 million. However, he secured a deal with Kevin O’Leary and Barbara Corcoran for $200,000 for 10% equity and $300,000 as a loan with a contingency.

Toor had a successful Kickstarter campaign that sold 800 boxes of the smart lock technology. After the Kickstarter campaign, the lockbox retailed for $199 per device at launch and cost a monitoring fee of $100 a month.

However, the company’s valuation dropped from $5 million to $2 million after receiving investment from Kevin and Barbara. As of 2023, Toor is worth an estimated $500,000.

Unfortunately, Toor is no longer in business. The company has no online presence, and the products are not sold online. The deal made with Kevin and Barbara never saw success for the business

Is Toor Smart Lockbox Still In Business?

Toor Smart Lockbox is still listed as an active company. However, the company has not been selling its smart lockboxes since the Kickstarter orders were sent out. The Toor website is still up and showing off how the product works, but it is not available for purchase.

If a potential buyer clicks on the “BUY NOW” button, it will redirect the user to a page where they should be able to purchase, but all buying options are marked as unavailable. The company has gone quiet on social media, and its Kickstarter page has not been updated since January 2018.

Toor was established in 2016, targeting entire real estate brokerages instead of individual agents. After launching a Kickstarter campaign, the company made $100,412 in pre-sales. The lockbox was initially made for real estate tours, allowing property access via a mobile app.

The product comes with an app that brokers can use to allow or deny access to a property. The lockbox has a sensor technology that helps the buyer or agent to safely keep the keys.

What is Toor?

TOOR is a game-changing technology firm that provides products and services that enable property access easier and more secure.

Who is Junior Desinor?

Junior Desinor is the founder and CEO of Toor.

What Was Junior Desinor’s Deal?

Kevin made Junior an offer despite his concern that Junior overvalued his firm.

His proposal was to provide Junior $100,000 in exchange for 10% equity and the balance $400,000 as a loan at an interest rate of 18%.

Following Mark Cuban‘s offer, Barbara chose to collaborate with Kevin on the deal.

Barbara’s contract, however, was conditional on the product eventually being sold to larger real estate corporations.

After Barbara and Kevin countered with a request for $250,000 for 10% stock and the rest half as a line of credit, the three finally agreed on a deal for $200,000 for 10% equity and $300,000 as a loan with the contingency in place.

How Toor Lockbox funding did started?

The Toor lockbox initially appeared on Kickstarter in 2016, where it received over $100,000 from 108 supporters for their patented lockbox design.

What was the deal?

Toor was featured on Shark Tank shortly after a successful Kickstarter campaign, where Junior Designor accepted an offer from Barbara Corcoran and Kevin O’Leary of $200,000 for 10% equity (a $2 million valuation) with the inclusion of a $300,000 loan.

What exactly is the Toor Smart Lockbox?

The Toor Smart Lockbox is an easy-to-use outside security device that allows you to keep your house keys safe while providing access to approved users via a smartphone app request and invite to open the box.

What are the plans?

With the design completed, he decided to begin seeking for more investors to aid him in production and bringing the product to market.

What are people saying about Toor?

Toor has gotten mixed reviews since its inception.

What are the drawbacks of Lockbox?

Customers adore the lockbox’s appearance and technology, but many have complained about the software, which has been described as glitchy and difficult to use.

What Exactly Was Junior Desinor’s Deal?

Junior eventually struck a deal with Barbara Corcoran and Kevin O’Leary for a $200,000 investment at 10% with $300,000 as a loan with a condition.

What is the cost of the lockbox?

Following a successful Kickstarter campaign, the lockbox would retail for $199 per device at launch, with a monthly monitoring charge of $100.

What are Toor’s major milestones?

Toor’s branding has experienced the most profound change since Junior Desinor’s presentation on Shark Tank.

What is Toor Now?

Toor was initially offered as a tool for use just in the real estate business, but it is now identified as an Access and Scheduling firm.

Who is Junior’s target market?

Because of this feature, Junior Desinor focused his idea firmly at real estate professionals, who could allow their clients to enter from wherever they were.

What Are the Advantages of Lockboxes?

Lockboxes serve as a secure location where realtors and potential purchasers may leave or pick up keys to get entry to a home, workplace, or apartment.

What are the potential applications of TOOR?

TOOR, for example, may be useful for AirBnB operators because key hand-off is an important component of the business.

What’s the deal with Barbara and Kevin?

They ultimately decide on $200,000 for 10% plus a $300,000 line of credit.

Barbara and Kevin’s deal never materialized.

Who invested in Toor?

Even though guest shark Chris Sacca says the technology is already available on the market, real estate guru Barbara Corcoran and Kevin O’Leary decided to invest $200,000 in exchange for 10% stock in Toor and a loan of $300,000.

What is the price of Toor?

The Toor smart lockbox ($199) is available for purchase as of March 2018.

What are your company objectives?

Desinor’s sale of the goods to a significant real estate business was a condition of the agreement.

What was the proposal?

He informed the Sharks he wanted $500,000 in exchange for a 10% interest in his firm, Toor.

How do I make use of Toor?

Buyers may use the app to book house viewings without the presence of a realtor.

Guest will be allowed to visit the property after the seller has approved their showing.

A lockbox intended to be hung outside vacant properties may be one such device.

What Was Junior’s First Business?

Junior has been reselling properties since he was 18 years old before going on Shark Tank.

Is Still in Business?

Toor is still in operations as of December 2021