The Tomte Cake on Shark Tank

Name: The Tomte Cake
Availability: InStock

The Tomte Cake is a holiday decorating kit offered as an alternative to traditional gingerbread houses. It is designed for families who want a festive, edible decorating activity with a different twist.

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Price range $8.95-$64 checked Oct 2026

⏱ The Tomte Cake in 30 seconds

The ask$200K for 10%Valued at $2M
In the tankDeal: $200K for 15%With Kevin
After the showNot confirmedNo public record either way
TodayStill in businessSeasonal holiday baking kit sold direct online

The Tomte Cake Shark Tank deal

Asked for: $200,000 for 10%
Asking valuation: $2M
Result: Deal
Final deal: $200,000 for 15%
Deal valuation: $1.33M
Shark: Kevin O'Leary
Founders: Miranda Tompkins
From: -
Aired: Dec 8, 2023

Asked

$2M

Got

$1.33M

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Popular products from The Tomte Cake, with prices as listed when we checked (October 2026).

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Would you have invested in The Tomte Cake?

The pitch

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.

Meet the founder

MTMiranda TompkinsFounder of The Tomte Cake

What happened to The Tomte Cake after Shark Tank?

Still in business Last checked October 3, 2026

The Tomte Cake pairs an original children's book with a gingerbread cake mix and decorating kit, meant to become a family Christmas tradition. Portland, Oregon, founder Miranda Tompkins launched it in October 2022 and sold heavily through social media ads in its first holiday season. On the December 8, 2023 episode, she received offers from four sharks and chose Kevin O'Leary's $200,000 for 15%, a choice that drew online criticism. The kit is sold seasonally through the company's website.

Update: Seasonal holiday baking kit sold direct online

Timeline since the show

2022-10
Miranda Tompkins launched The Tomte Cake, a gingerbread kit paired with a children's book
2023-12
Kevin O'Leary invested $200,000 for 15% after offers from four sharks

Sources (4)

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Frequently asked questions

Did The Tomte Cake get a deal on Shark Tank?

Yes. The Tomte Cake got a deal with Kevin O'Leary for $200,000 and 15% equity.

Which Shark invested in The Tomte Cake?

Kevin O'Leary invested in The Tomte Cake on Season 15 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is The Tomte Cake still in business?

As of our last check (October 2026), The Tomte Cake appears to still be in business. Its official website is online, and seasonal holiday baking kit sold direct online.

What season and episode was The Tomte Cake on Shark Tank?

The Tomte Cake appeared in Season 15, Episode 8, which first aired on December 8, 2023.

Where can I buy The Tomte Cake?

You can buy The Tomte Cake from its official website and often on Amazon.

What was The Tomte Cake's valuation on Shark Tank?

The founders valued The Tomte Cake at $2,000,000 when they entered the Tank, and the final deal valued it at $1,333,333.