Toor Lockbox Update | Shark Tank Season 8

Junior Desinor found inefficiencies in the real estate showing process, where agents controlled most of the scheduling. Recognizing this gap, he created Toor, a smart lockbox that lets buyers and sellers arrange tours via an app without relying on a realtor. Will this fresh approach to real estate earn the sharks’ trust? Let’s take a closer look at our Toor Lockbox update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Toor Lockbox after Shark Tank.

Junior appeared on Shark Tank Season 8 to pitch Toor Lockbox, seeking $500,000 for 10% equity. After his pitch, he struck a deal with Barbara Corcoran and Kevin O’Leary for $200,000 for 10% equity and $300,000 as a loan with a contingency.

In terms of a Toor Lockbox update, the company failed to maintain momentum after its initial Kickstarter success despite fulfilling pre-orders and partnering with Touch of Modern. Unfortunately, Toor Lockbox has gone out of business, and Junior has moved on to another venture.

Shark	Result
Barbara Corcoran and Kevin O’Leary	Accepted offer of $200,000 for 10% and $300,000 as a loan with a contingency
Chris Sacca	No offer
Lori Greiner	No offer
Mark Cuban	No offer

Shark Tank Toor Lockbox Pitch

• Entrepreneur: Junior Desinor
• Business: Smart lockbox
• Ask: $500,000 for 10% equity
• Result: $200,000 for 10% and $300,000 as a loan with a contingency
• Shark: Barbara Corcoran and Kevin O’Leary

Junior shared his personal story with the sharks and then invited Barbara Corcoran on stage for a quick demonstration.

Toor is a smart lockbox that streamlines property access for homeowners, renters, and real estate professionals.

He was seeking an investment to scale production and gain strategic support from the sharks.

Its main product is the Toor Pro Lockbox, which users can control via a mobile app to manage access remotely.

This technology eliminates the need for physical key exchanges, offering convenience for realtors handling multiple property showings.

The lockbox has features that enhance security and convenience, such as secure, one-time access codes and real-time tracking of who enters the property.

Furthermore, it also sends instant notifications, giving property owners and realtors greater control over property showings and visits.

Through its app and lockbox, Toor addresses a persistent challenge in real estate: making property access simpler and more secure.

During the pitch, Kevin O’Leary raised a concern about what would happen if someone didn’t return the key after a showing.

Lori Greiner echoed this worry, saying that it was a potential issue.

However, Junior countered and explained that an alert would be sent immediately in such cases, and sellers could always opt for an agent-guided tour instead of giving direct access through the lockbox.

When the sharks inquired about sales, Junior revealed that all sales had come through Kickstarter, with 800 pre-orders.

Each lockbox costs him $50 to manufacture, and he sells them for $199.

Lori Greiner was the first to exit the negotiations, saying it was too early to invest in the business.

Chris Sacca questioned whether the technology was truly innovative and also opted out.

Kevin O’Leary then offered $100,000 for 10% equity, paired with a $400,000 loan at 18% interest.

Mark Cuban, admitting his lack of experience in real estate, passed on the deal.

Barbara expressed interest in joining Kevin’s offer on the condition that the product be placed in a major retailer.

She also promised to provide key connections and help Junior boost sales.

Junior countered their offer with $250,000 in exchange for 10% equity and a $250,000 loan.

Ultimately, they agreed on $200,000 for 10% equity and a $300,000 line of credit.

To find out what happened next for Junior, keep reading our Toor Lockbox update.

Shark Tank Toor Lockbox Update

Our Toor Lockbox update found that the deal with Barabara Cocoran and Kevin O’Leary did not close.

In 2018, Junior fulfilled his Kickstarter pre-orders, shipping out 800 units, and even partnered with Touch of Modern.

However, our Toor Lockbox update found that the company struggled to maintain momentum. 

By the end of 2018, its social media and app updates had stopped, and the product was no longer available for purchase on the website.

By 2020, Junior had shifted gears and co-founded City Naturals, a premium CBD oil business with his wife.

They opened a physical store in Dallas, Texas, which they continue to operate.

At the time of writing, Junior still lists Toor as an active business on his LinkedIn profile, but there have been no significant updates on the product since March 2023, and its revival seems unlikely.

It appears the company has gone out of business, and this will be our final Toor Lockbox update.

For more on Shark Tank Season 8 Episode 8, be sure to check out:

• Milk Snob Cover Update
• Jack’s Stands & Marketplaces Update
• Chi’lantro Korean BBQ Update

Before you go, check out our Shark Tank Season 8 page for more updates