Torque Safe
DealA business that manufactures and sells safety switches for dangerous hydraulic torque tools
Pitched by Luke & Vanessa Gosden
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Or visit the official siteFrom the show
The Shark Tank Australia pitch
- A$300K
- Asked for
- 15%
- Offered equity
- A$2M
- Sought valuation
- Not recorded
- Deal amount
- Not recorded
- Deal equity
- —
- Deal valuation
Luke & Vanessa Gosden brought Torque Safe into the Shark Tank Australia in season 2, episode 13, pitching a business that manufactures and sells safety switches for dangerous hydraulic torque tools.
They asked the sharks for A$300K for 15% of the company. That valued the business at A$2M.
Torque Safe reached a recorded on-air agreement with Andrew Banks and Glen Richards; the deal amount is not recorded; the equity stake is not recorded. This records the accepted terms, not confirmation that funding was completed.
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