The Tomte Cake Shark Tank Update

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Fell ThroughNow:OperatingFood & BeverageSeason 15, Episode 8by Miranda TompkinsWebsite

What Happened to The Tomte Cake After Shark Tank

Is The Tomte Cake still in business? Yes — still in business.

$500,000

estimated annual revenue

Deal Fell Through

No evidence deal with Kevin O'Leary closed after 6+ months

On-air deal with Kevin O'Leary did not close as of July 2024

Last verified Apr 1, 2026. Web-confirmed sources.

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The The Tomte Cake Shark Tank Pitch

Miranda Tompkins pitched The Tomte Cake on Shark Tank Season 15, Episode 8, which aired Friday, December 8, 2023, asking for $200,000 for 10% of the company — a $2M valuation.

Kevin O'Leary agreed to invest $200,000 for 15% equity, valuing the company at $1.3M. The deal fell through after the show. No evidence deal with Kevin O'Leary closed after 6+ months.

Watch the Pitch

Pitch Details

Aired: S15E8Dec 8, 2023
Ask: $200,000for 10%
Ask Valuation: $2M

Deal Terms

Terms agreed on air. The deal did not close.

Amount: $200,000
Equity: 15%
Valuation: $1.3M