Lumio
Lumio - Home Accessories
Pitch Details
Season / Episode
S6E15
Jan 16, 2015
Ask
$250,000
for 8%
Ask Valuation
$3.1M
Deal
$350,000
for 10%
Watch the Pitch
Deal Terms
Amount$350,000
Equity10%
Valuation$3.5M
Robert HerjavecWhat Happened Next
Deal Fell Through
Deal with Robert Herjavec fell apart after taping; company thrived independently to $4M+/yr
Thriving
$5M
reported
- Deal with Robert Herjavec did not close
- $5M annual revenue
- Expanded product line to Teno speaker lamp and Ovo desk lamp
- Sold in hundreds of retailers worldwide
- Multiple product design awards
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