The Tomte Cake
DealAlternative to gingerbread houses
The Tomte Cake is a alternative to gingerbread houses that got its big break on Shark Tank in Season 15, and convinced Kevin O'Leary 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
- 15%
- Deal equity
- $1.3M
- Deal valuation
Founder Miranda Tompkins stepped onto the carpet in Season 15, Episode 8 in the episode that aired December 8, 2023. The Tomte Cake, the alternative to gingerbread houses, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
The ask was $200,000 for 10% of the company, an implied valuation of $2M.
Kevin O'Leary made the deal at $200,000 for 15% equity. That priced the company at $1.3M, a haircut from the $2M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 15 saw 87 pitches, and 59 of them closed a deal on air. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.
Is The Tomte Cake still in business?
Read our 2026 update on where the company is now.
Sold on The Tomte Cake?
Check today's price and availability before it swims away.
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Frequently asked questions
Where can I buy The Tomte Cake?
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 The Tomte Cake get a deal on Shark Tank?
Yes. The Tomte Cake closed a deal for $200,000 in exchange for 15% equity, with Kevin O'Leary.
Which shark invested in The Tomte Cake?
Kevin O'Leary invested in The Tomte Cake ($200,000 total as aired).
What season of Shark Tank was The Tomte Cake on?
The Tomte Cake appeared in Season 15, Episode 8, which aired December 8, 2023.
How much was The Tomte Cake asking for on Shark Tank?
The founders asked for $200,000 for 10% of the company, a $2M valuation.
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