Life Lift Systems Shark Tank Update
tornado shelter
What Happened to Life Lift Systems After Shark Tank
Is Life Lift Systems still in business? No — the company has shut down.
- Deal with Mark Cuban for $550K for 25% (Season 10) - deal closed
- Expanded quickly: added 19 distributors, new shelter products
- Rebranded as Vortex Vaults in 2021; revenue reached ~$4M by 2023
- Customer complaints: power failures, faulty lifts, bed misalignment
- Went out of business abruptly; co-founder Tim Todd left in June 2019
Last verified Apr 1, 2026.
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The Life Lift Systems Shark Tank Pitch
Life Lift Systems pitched on Shark Tank Season 10, Episode 13, which aired Sunday, January 27, 2019, asking for $550,000 for 15% of the company — a $3.7M valuation.
Mark Cuban agreed to invest $550,000 for 25% equity, valuing the company at $2.2M. The deal closed after the show.
Watch the Pitch
Pitch Details
- Aired
- S10E13Jan 27, 2019
- Ask
- $550,000for 15%
- Ask Valuation
- $3.7M
Deal Terms
- Amount
- $550,000
- Equity
- 25%
- Valuation
- $2.2M
Mark Cuban