Torque Safe
DealA business that manufactures and sells safety switches for dangerous hydraulic torque tools
Pitched by Luke & Vanessa Gosden
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From the show
The Shark Tank Australia pitch
- A$300K
- Asked for
- 15%
- Offered equity
- A$2M
- Sought valuation
- —
- Deal amount
- —
- 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 landed a deal with Andrew Banks and Glen Richards.
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