Pentablock
DealA unique interlocking construction block
Pitched by Joel Norford
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The Shark Tank Australia pitch
- A$350K
- Asked for
- 10%
- Offered equity
- A$3.5M
- Sought valuation
- A$150K
- Deal amount
- 17%
- Deal equity
- A$882K
- Deal valuation
Joel Norford brought Pentablock into the Shark Tank Australia in season 2, episode 12, pitching a unique interlocking construction block.
They asked the sharks for A$350K for 10% of the company. That valued the business at A$3.5M.
Pentablock reached a recorded on-air agreement with Janine Allis at A$150K for 17%. This records the accepted terms, not confirmation that funding was completed.
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