Lion Latch Jewelry Holder On Shark Tank Season 13
Featured on Shark Tank
Lion Latch Jewelry Holder On Shark Tank
Lion Latch is a plastic jewelry holder designed to prevent jewelry from getting lost or damaged in purses, gym bags, or during physical activities. The holder locks securely to keep small items safe, making it ideal for active individuals who need a secure way to store their jewelry. Summary:
- Company Name: Lion Latch
- Founder: Lerin Lockwood
- Founded: 2015
- Product: Plastic jewelry holder
- Asked For: $150K for 15% equity
- Final Deal: No deal
- Season/Episode (Shark Tank USA): Season 13, Episode 1
- Business Status: In Business
- Headquarters: Marble Falls, Texas, USA
- Lifetime Worth (Sales): Estimated $500K
- Investors: None
- Go To Amazon: Buy Now
- Watch On: Amazon Prime
Shark Tank Pitch
- Satisfaction Guaranteed
- No Hassle Refunds
- Secure Payments
Description
Lion Latch Jewelry Holder On Shark Tank Season 13
The Lion Latch jewelry holder appeared on Shark Tank Season 13, Episode 1. Here are the key details about the product and its pitch:
Product Overview
- Name: Lion Latch
- Description: The Lion Latch is a small, portable jewelry holder designed to store small jewelry items like rings, earrings, and necklaces. It also functions as a pill box and keychain container.
- Features:
- Convenience: The Lion Latch does not unscrew, making it easy to use and store.
- Material: Made from wood and aluminum.
- Adjustability: The design allows for adjustable compartments to fit different jewelry sizes.
- Portability: It can be attached to keys or bags, making it ideal for travel and daily use.
Shark Tank Pitch
- Entrepreneur: Lerin, an art teacher and high school coach, invented the Lion Latch after breaking her engagement ring while coaching softball.
- Pitch: Lerin sought $500,000 for 10% equity in her company. She highlighted the convenience and necessity of the product, especially for people who frequently remove their jewelry.
- Shark Tank Reactions: The Sharks were impressed by the product’s utility but questioned the pricing and market demand. No deal was made, but the product received significant interest and has since gained popularity.
Post-Shark Tank Business
- Sales and Growth: The Lion Latch has seen significant sales growth, with multiple color and pack options available on platforms like Amazon and Etsy.
- Customer Reviews: Customers have praised the product for its ease of use, portability, and effectiveness in storing small jewelry items.
- Marketing: The company has expanded its marketing efforts, offering bulk packs and special collections, such as the “Roar Pack” for teams and clubs.
Current Status
- Availability: The Lion Latch is available on various e-commerce platforms, including Amazon, Etsy, and the official Lion Latch website.
- Popularity: The product has gained popularity among individuals who need a convenient and secure way to store their jewelry while on-the-go.
The Lion Latch has become a successful entrepreneurial venture, leveraging its unique design and convenience to appeal to a wide range of customers.
