Lavabox
DealPortable campfires
Lavabox, the portable campfires, landed on the national radar after pitching the sharks in Season 14, and convinced Lori Greiner to invest.
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From the show
The Shark Tank pitch
- $200K
- Asked for
- 10%
- Offered equity
- $2M
- Sought valuation
- $200K
- Deal amount
- 12.5%
- Deal equity
- $1.6M
- Deal valuation
Josh Thurmond faced the sharks in Season 14, Episode 18 in the episode that aired March 31, 2023. Lavabox, the portable campfires, pitched in the Home & Lifestyle category, one of 260 home & lifestyle businesses to brave the Tank across all 17 seasons.
They came in asking $200,000 in exchange for 10% equity, putting a $2M valuation on the business.
Lori Greiner made the deal at $200,000 for 12.5% equity. That priced the company at $1.6M, a haircut from the $2M the founders walked in asking for, which is how negotiations in the Tank usually go.
Across Season 14, 62 of 87 pitches ended in a handshake. In the Home & Lifestyle category overall, roughly 68% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Lavabox?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Lavabox get a deal on Shark Tank?
Yes. Lavabox closed a deal for $200,000 in exchange for 12.5% equity, with Lori Greiner.
Which shark invested in Lavabox?
Lori Greiner invested in Lavabox ($200,000 total as aired).
What season of Shark Tank was Lavabox on?
Lavabox appeared in Season 14, Episode 18, which aired March 31, 2023.
How much was Lavabox asking for on Shark Tank?
The founders asked for $200,000 for 10% of the company, a $2M valuation.
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