✓ Got a deal Out of business Season 7, Ep. 23 🏠 Home & Lifestyle

Coolbox on Shark Tank

Coolbox is a toolbox with integrated technology features such as device charging, lighting and audio speakers. It is aimed at tradespeople and do-it-yourselfers who want a more functional tool storage case on job sites.

We may earn a commission when you buy through our links. It never affects what we write. How we make money

⏱ Coolbox in 30 seconds

The ask$500K for 10%Valued at $5M
In the tankDeal: $500K for 15%With Lori · loan
After the showNot confirmedNo public record either way
TodayClosedThe company shut down in 2018 after a planned licensing deal with a l…

Coolbox Shark Tank deal

Asked for: $500,000 for 10%
Asking valuation: $5M
Result: Deal
Final deal: $500,000 for 15%
Deal valuation: $3.33M
Shark: Lori Greiner
Structure: Loan / credit line
Founders: Chris Stoikos and Jason Neubauer
From: -
Aired: Apr 8, 2016

Asked

$5M

Got

$3.33M

Would you have invested in Coolbox?

The pitch

Chris Stoikos and Jason Neubauer pitched Coolbox in Shark Tank Season 7, Episode 23 (aired Apr 8, 2016). They asked for $500,000 in exchange for 10% equity, valuing the business at $5M. The entrepreneurs walked away with a deal from Lori Greiner: $500,000 for 15%. That put the final valuation at $3.33M, 33% below what they originally asked for. Part of the investment was structured as a loan or line of credit.