Roominate
DealToys and Games
Roominate is a toys and games that got its big break on Shark Tank in Season 6, and convinced Mark Cuban and Lori Greiner to invest.
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From the show
The Shark Tank pitch
- $500K
- Asked for
- 5%
- Offered equity
- $10M
- Sought valuation
- $500K
- Deal amount
- 5%
- Deal equity
- $10M
- Deal valuation
The team stepped onto the carpet in Season 6, Episode 2 in the episode that aired September 26, 2014, bringing their Palo Alto, CA business with them. Roominate, the toys and games, pitched in the Kids & Education category, one of 134 kids & education businesses to brave the Tank across all 17 seasons.
The ask was $500,000 for 5% of the company, an implied valuation of $10M.
Mark Cuban and Lori Greiner teamed up at $500,000 for 5% equity. The deal valued the company at $10M.
Season 6 saw 116 pitches, and 66 of them closed a deal on air. In the Kids & Education category overall, roughly 66% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Roominate?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.
Did Roominate get a deal on Shark Tank?
Yes. Roominate closed a deal for $500,000 in exchange for 5% equity, with Mark Cuban and Lori Greiner.
Which shark invested in Roominate?
Mark Cuban and Lori Greiner invested in Roominate ($500,000 total as aired).
What season of Shark Tank was Roominate on?
Roominate appeared in Season 6, Episode 2, which aired September 26, 2014.
How much was Roominate asking for on Shark Tank?
The founders asked for $500,000 for 5% of the company, a $10M valuation.
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