Toast It
DealArepas Guilt-free, Latin foods
Best known from its Shark Tank appearance, Toast It is a arepas guilt-free, latin foods in Season 15, and convinced Daniel Lubetzky to invest.
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From the show
The Shark Tank pitch
- $100K
- Asked for
- 5%
- Offered equity
- $2M
- Sought valuation
- $150K
- Deal amount
- 20%
- Deal equity
- $750K
- Deal valuation
Maria Corina Vieteis, and Maria Fernanda Römer Cabezas walked into the Tank in Season 15, Episode 2 in the episode that aired October 6, 2023. Toast It, the arepas guilt-free, latin foods, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $100,000 for a 5% stake, which valued the company at $2M.
Daniel Lubetzky made the deal at $150,000 for 20% equity. That priced the company at $750K, a haircut from the $2M the founders walked in asking for, which is how negotiations in the Tank usually go.
Toast It was one of 87 businesses to pitch in Season 15, where 59 deals got done. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Toast It?
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 Toast It get a deal on Shark Tank?
Yes. Toast It closed a deal for $150,000 in exchange for 20% equity, with Daniel Lubetzky.
Which shark invested in Toast It?
Daniel Lubetzky invested in Toast It ($150,000 total as aired).
What season of Shark Tank was Toast It on?
Toast It appeared in Season 15, Episode 2, which aired October 6, 2023.
How much was Toast It asking for on Shark Tank?
The founders asked for $100,000 for 5% of the company, a $2M valuation.
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