What Happened To Lion Latch After Shark Tank?
Lion Latch After Shark Tank Update: A lion latch is a storage in which small rings and necklaces are stored safely and without damage. This storage is portable and there is a hole in the top layer, it can be attached to the bag, etc. by hooking it.
The Lion Latch is a simple tiffin box-like storage with rubber on the inside and plastic on the outside. It locks rings, earrings, small necklaces, ankle bracelets, hearing aids, and pills with ease without damaging them.
Lerin Lockwood is the founder of this company, she was very worried about her wedding rings because she is a sports coach, Rings can get lot damage while playing sport.
What Is Lion Latch?
The Lion Latch is portable jewelry storage container and it’s made by using ABS plastic. Aluminum alloy can be attached to this container.
It is a small round locker and can be used to store different types of small jewelry. This includes rings, small necklaces, earrings, ankle bracelets, hearing aids, or pills.
This small round locker also has a hole in the top layer which can be attached at any place in the key chain, bag, backpack, etc. Until the carabiner is not opened, it cannot be opened by bringing it.
Who Is The Founder Of Lion Latch?
Lerin Lockwood is the founder and CEO of Lion Latch. In 2015, she started this business.
When she completed her bachelor’s degree from Texas State University, she studied sports management, master’s degree from the University of the Incarnate.
She joined Texas Eclipse Club Volleyball as an assistant volleyball coach. She worked as an art teacher in Marble Falls ISD for 10 years.
Lion Latch Shark Tank Update
| Company Name | Lion Latch | |
| Founder | Lerin Lockwood | |
| Founded | 2015 | |
| Product | compact, portable jewelry storage container | |
| Asked For | $150k for 15% Equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode (Shark Tank USA) | S13 E1 | |
| Air Date | Oct 8, 2021 | |
| Business Status | In Business | |
| Headquarters | Horseshoe Bay, Texas, US | |
| Lion Latch Net Worth | $2M *estimated | |
| Lion Latch Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To Pie Wine After Shark Tank?
Lion Latch on Shark Tank Pitch
Lerin Lockwood entered Shark Tank with the Lion Latch Company and asked the Sharks for $150k for a 15% equity. She told Shark about her story when she lost her jewelry. Lerin tried to understand the shark about the importance of this product.
The company has done $530,000 sales in the entire 5 years. She said that in 2021 she will make sales of $230,000. The making cost for each unit is $1.50, the wholesale price is $5 and the retail price is $10.
Kevin, Mark, Emma, Lori, and Barbara are not interested to invest in this business. All the sharks are out.
Lion Latch Net Worth
This company has not done many sales so far, if we talk about Lion Latch’s Worth, then it is around $100K to $350K. It is launching more new products. Right now we do not have the correct information about the revenue of this company, so we are analyzing the last year’s sales of the product.
Is Lion Latch Still In Business?
Yes, Lion Latch is still in business as of December 2022.
Lerin Lockwood is doing this business part-time and she is self-employed and she also does a job. Currently, Lerin is working on some new products.
The sales rate of this business is not able to grow much till September 2022. This product needs to be marketed in order to bring in sales.
FAQs
Lerin Lockwood is the founder and CEO of Lion Latch.
The Net Worth of Lion Latch is estimated $100K to $350K.
Yes, Lion Latch is still in business as of December 2022.
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