✓ Got a deal Out of business Season 8, Ep. 17 🧸 Kids & Education

Toymail on Shark Tank

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Toymail makes plush toys that let children send and receive voice messages with family members through an app. They are designed to keep kids connected with relatives without needing a phone.

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⏱ Toymail in 30 seconds

  1. The ask$250K for 2.5%Valued at $10M
  2. In the tankDeal: $600K for 5%With Lori and Chris
  3. After the showNot confirmedNo public record either way
  4. TodayClosedToymail filed for bankruptcy in November 2018 and shut down.

Toymail Shark Tank deal

Asked for
$250,000 for 2.5%
Asking valuation
$10M
Result
Deal
Final deal
$600,000 for 5%
Deal valuation
$12M
Founders
-
From
NY
Aired
Feb 17, 2017
Asked
$10M
Got
$12M

Would you have invested in Toymail?

The pitch

The founders from NY pitched Toymail in Shark Tank Season 8, Episode 17 (aired Feb 17, 2017). They asked for $250,000 in exchange for 2.5% equity, valuing the business at $10M. The entrepreneurs walked away with a deal from Lori Greiner and Chris Sacca: $600,000 for 5%. That put the final valuation at $12M, 20% above what they originally asked for.

What happened to Toymail after Shark Tank?

Out of business

Toymail appears to be out of business (Toymail filed for bankruptcy in November 2018 and shut down.).

Sources (2)
  1. sharktankblog.com/business/toymail
  2. bizzbucket.co/toymail-after-shark-tank-update
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Frequently asked questions

Did Toymail get a deal on Shark Tank?

Yes. Toymail got a deal with Lori Greiner and Chris Sacca for $600,000 and 5% equity.

Which Shark invested in Toymail?

Lori Greiner and Chris Sacca invested in Toymail on Season 8 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is Toymail still in business?

Toymail appears to be out of business (Toymail filed for bankruptcy in November 2018 and shut down.).

What season and episode was Toymail on Shark Tank?

Toymail appeared in Season 8, Episode 17, which first aired on February 17, 2017.

Where can I buy Toymail?

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

What was Toymail's valuation on Shark Tank?

The founders valued Toymail at $10,000,000 when they entered the Tank, and the final deal valued it at $12,000,000.

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