The Tomte Cake

Shark Tank founder · Season 15

Miranda Tompkins

Founder of The Tomte Cake

On the show
S15 · Ep 8
Result
Deal · $200K
Company today
Still in business

Who is Miranda Tompkins?

Miranda Tompkins is a children's book illustrator and former stay-at-home parent from Oregon who built a holiday baking brand around Swedish folklore. The idea came out of a conversation with another mother about holiday traditions, in which both admitted they disliked the mess and taste of gingerbread houses. A friend suggested a small cake pan instead and later proposed pairing it with a picture book. Tompkins sketched the story on the back of her daughter's coloring book, then spent about a year finding a manufacturer. The Tomte Cake launched with a kit that includes two baking pans, an aluminum figure of the tomte, the yuletide house elf of Scandinavian folklore, her illustrated book and a recipe card.

Her first run of 5,000 units sold out with little marketing. She was cast on Shark Tank after an open call in March 2023 and appeared in Season 15, asking for $200,000 for 10%. She accepted Kevin O'Leary's offer of $200,000 for 15%. The Tomte Cake continues to sell its kit direct online each holiday season.

Sources (2)
  1. looper.com/1463587/heres-what-need-know-about-the-tomte-cake-from-shark-tank/
  2. thetomtecake.com/collections/all

Written from published interviews, company announcements and news coverage. How we research · Suggest a correction

The Shark Tank deal

Video: Shark Tank US | The Tomte Cake's Entrepreneur Wants To Create A New Christmas Tradition · Sony Pictures Television on YouTube

Miranda Tompkins pitched The Tomte Cake in Shark Tank Season 15, Episode 8 (aired Dec 8, 2023). They asked for $200,000 in exchange for 10% equity, valuing the business at $2M. The entrepreneurs walked away with a deal from Kevin O'Leary: $200,000 for 15%. That put the final valuation at $1.33M, 33% below what they originally asked for.

The Tomte Cake update, prices & reviews →

Frequently asked questions

What is Miranda Tompkins doing now?

She runs The Tomte Cake, selling her holiday baking kit and picture book direct online.

What deal did The Tomte Cake get on Shark Tank?

Kevin O'Leary invested $200,000 for 15% after Tompkins asked for $200,000 for 10%.

What is a tomte?

In Scandinavian folklore a tomte is a small house elf and guardian associated with Christmas, the inspiration for the kit's figure and story.

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