Mighty Carver Chainsaw Electric Knife Update | Season 12

Mighty Carver appeared on Shark Tank on November 6, 2020. While in the tank, founders Lance and Kim Burney secured a $100,000 investment from Daymond John for 20% equity. Here’s a quick recap of everything that happened during the chainsaw electric knife pitch as well as news on a Mighty Carver update after Shark Tank.

Mighty Carver Update After Shark Tank

Mighty Carver Update Shark Tank

  • Entrepreneur: Lance and Kim Burney
  • Business: Carving knife that looks like a chainsaw
  • Ask: $100,000 for 20% equity
  • Result: $100,000 for 25% equity
  • Shark: Daymond John

During Shark Tank Season 12 Episode 4, husband and wife founders Lance and Kim Burney pitched their chainsaw electric knife product to the sharks. Mighty Carver is an electric knife that is designed to look and feel a chainsaw and can be used to cut the Thanksgiving turkey, bread, fish, and a plethora of other items. It’s a unique twist on the traditional electric knife that’s sure to spruce up any party.

MIGHTY CARVER Electric Carving Knife, "As Seen On Shark Tank"
  • Carve a Thanksgiving Turkey, Ham, Bread, or Fruit with Ease
  • Dual Stainless Steel Blades
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After Mark Cuban tried out the product while wearing a Jason mask, things got underway in the tank. Over the past 12 months, Mighty Carver had sold 8,500 units and had around $200,000 between 2019 and its airing on the show. Kevin O’Leary and Daymond John both showed a quick interest in the product, making two separate offers.

  • Kevin O’Leary: $100,000 for 33.3% equity
  • Daymond John: $100,000 for 27.5% equity

Kevin was interested in promoting the item in his Chef Wonderful collection, while Daymond was interested in promoting the item to fishermen. While Kevin and Daymond were negotiating, Mark Cuban and Barbara Corcoran tried to team up, but Lance and Kim accepted a revised deal from Daymond of a $100,000 investment for 25% equity.

At the time of writing, there hasn’t been any kind of Mighty Carver update and a quick look at the website doesn’t show any new products. If we get any Mighty Carver news, we will be sure to update this post accordingly!

For updates on the other products featured on Season 12 Episode 4, check out the links below:

For more Shark Tank product updates, be sure to check out our Season 12 products page!