Where Is Toor Now Shark Tank?
Toor, a smart lockbox company, made its debut on the hit reality TV show Shark Tank in 2018. The innovative product caught the attention of the Sharks, leading to an investment deal with real estate mogul Barbara Corcoran. Since its appearance on the show, many have wondered about the progress and success of Toor. So, where is Toor now?
Toor has experienced substantial growth and success since its appearance on Shark Tank. With the backing of Barbara Corcoran, the company has been able to expand its operations and improve its product offerings. The smart lockbox, which allows real estate agents and homeowners to securely store and share keys, has gained popularity in the real estate industry.
One of the significant milestones for Toor was the launch of its second-generation product, Toor Pro, in 2019. Toor Pro introduced several new features and improvements based on customer feedback. The upgraded lockbox offered a larger storage capacity, enhanced security features, and compatibility with various smart home systems.
Toor also expanded its market reach by partnering with major real estate companies and associations. The company’s lockboxes are now used by thousands of real estate agents across the United States. This widespread adoption has helped Toor establish itself as a trusted brand in the industry.
In addition to its success in the real estate market, Toor has also received recognition and awards for its innovative product. The smart lockbox was named a CES 2020 Innovation Awards Honoree, further solidifying its position as a leader in the smart home industry.
Now that we have an understanding of Toor’s progress, let’s answer some common questions about the company:
1. Is Toor still in business after Shark Tank?
Yes, Toor is still in business and has experienced significant growth since its appearance on Shark Tank.
2. Did Toor receive an investment on Shark Tank?
Yes, Barbara Corcoran invested in Toor during their appearance on Shark Tank.
3. How much did Barbara Corcoran invest in Toor?
Barbara Corcoran invested $500,000 in Toor in exchange for a 20% equity stake in the company.
4. What happened to Toor after Shark Tank?
Toor used the investment from Barbara Corcoran to expand its operations, improve its product, and establish partnerships with real estate companies.
5. How successful is Toor now?
Toor has experienced substantial success, with its lockboxes being used by thousands of real estate agents and receiving recognition for its innovative design.
6. Where can I buy Toor lockboxes?
Toor lockboxes can be purchased on the company’s official website and through select retailers.
7. What features does Toor Pro offer?
Toor Pro offers a larger storage capacity, enhanced security features, and compatibility with various smart home systems.
8. Can Toor lockboxes be used for purposes other than real estate?
Yes, Toor lockboxes can be used for various purposes, such as Airbnb rentals, home sharing, and remote property management.
9. Is Toor available internationally?
As of now, Toor is primarily focused on the United States market, but they may expand their reach in the future.
10. Does Toor have any plans for future product launches?
While there haven’t been any official announcements, Toor is continuously working on improving its product offerings and may introduce new features or products in the future.
11. How can real estate agents benefit from using Toor lockboxes?
Real estate agents can benefit from using Toor lockboxes by securely storing and sharing keys with potential buyers, reducing the need for physical key exchanges and allowing for convenient property showings.
In conclusion, Toor has seen significant growth and success since its appearance on Shark Tank. With the support of Barbara Corcoran, the company has expanded its operations, improved its product offerings, and established partnerships with major players in the real estate industry. Toor’s innovative lockboxes have gained popularity among real estate agents and homeowners, and the company continues to innovate and improve its products.