✓ Got a deal Acquired Season 8, Ep. 22 💄 Fashion & Beauty

Loctote on Shark Tank

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Loctote makes the Industrial Bag, a theft-resistant drawstring backpack with cut-resistant fabric and a lockable closure. It is aimed at travelers and commuters in crowded urban areas who want to keep belongings secure.

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⏱ Loctote in 30 seconds

  1. The ask$150K for 5%Valued at $3M
  2. In the tankDeal: $150K for 10%With Robert · plus royalty
  3. After the showNot confirmedNo public record either way
  4. TodayAcquiredBought by the Canadian brand group NOLK in December 2020.

Loctote Shark Tank deal

Asked for
$150,000 for 5%
Asking valuation
$3M
Result
Deal
Final deal
$150,000 for 10%
Deal valuation
$1.5M
Structure
Royalty
Founders
-
From
OH
Aired
Apr 21, 2017
Asked
$3M
Got
$1.5M

Would you have invested in Loctote?

The pitch

The founders from OH pitched Loctote in Shark Tank Season 8, Episode 22 (aired Apr 21, 2017). They asked for $150,000 in exchange for 5% equity, valuing the business at $3M. The entrepreneurs walked away with a deal from Robert Herjavec: $150,000 for 10%. That put the final valuation at $1.5M, 50% below what they originally asked for. The deal included a royalty.

What happened to Loctote after Shark Tank?

Acquired

Loctote was acquired: Bought by the Canadian brand group NOLK in December 2020..

Sources (1)
  1. app.dealroom.co/companies/loctote
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Frequently asked questions

Did Loctote get a deal on Shark Tank?

Yes. Loctote got a deal with Robert Herjavec for $150,000 and 10% equity.

Which Shark invested in Loctote?

Robert Herjavec invested in Loctote on Season 8 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is Loctote still in business?

Loctote was acquired: Bought by the Canadian brand group NOLK in December 2020..

What season and episode was Loctote on Shark Tank?

Loctote appeared in Season 8, Episode 22, which first aired on April 21, 2017.

Where can I buy Loctote?

Search for Loctote on Amazon or major retailers; availability varies.

What was Loctote's valuation on Shark Tank?

The founders valued Loctote at $3,000,000 when they entered the Tank, and the final deal valued it at $1,500,000.

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