The Tragic Timeline: What Happened To The Toor Smart Lock Box After Shark Tank?

The Toor Lockbox, a revolutionary smart key-holding device designed to streamline the real estate industry, made one of the most memorable pitches on *Shark Tank* Season 8. The product, presented by charismatic founder Junior Desinor, promised to eliminate the need for traditional, cumbersome key lockboxes, offering real estate agents and homeowners a secure, app-enabled solution for property showings. As of December 2025, the story of Toor is a classic cautionary tale of entrepreneurial ambition, a massive on-air deal, and the harsh realities of post-show execution.

The company’s journey post-*Shark Tank* is a complex narrative of success and ultimate collapse. Despite securing an incredible joint investment from two of the show's biggest names, the smart lockbox that was once poised to revolutionize home showings failed to gain long-term traction. This deep dive explores the full timeline, the deal that never closed, and what its ambitious founder is doing today.

Junior Desinor: The Founder's Biography and Pitch Breakdown

Junior Desinor, the entrepreneur behind the Toor Lockbox, brought a compelling personal story and professional background to the tank. Born in Dallas, Texas, to Haitian immigrant parents, Desinor understood the value of hard work and overcoming financial struggle from a young age. His professional experience as a veteran real estate agent in Dallas gave him firsthand insight into the industry’s inefficiencies, specifically the outdated and inconvenient process of property access and key management.

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Junior Desinor Profile:

• Name: Junior Desinor
• Origin: Dallas, Texas
• Parents: Haitian immigrants
• Professional Background: Veteran Real Estate Agent
• Invention: Toor Lockbox (Smart, app-enabled key lockbox)
• Initial Funding: Raised $100,412 on Kickstarter in May 2016
• Shark Tank Appearance: Season 8, Episode 8 (Aired December 2016)
• Initial Ask: $500,000 for 10% equity

The Pitch and The Deal:

Desinor entered the tank seeking $500,000 for a 10% stake in his company, valuing Toor at $5 million. The Toor Lockbox was designed as a high-tech alternative to traditional lockboxes, allowing users to schedule showings and grant keyless entry remotely via a smartphone app. The device itself was a robust, Bluetooth-enabled smart lockbox that could be attached to a doorknob or railing.

The pitch was a tense back-and-forth, with the Sharks questioning the high valuation and the competitiveness of the real estate technology market. Ultimately, Desinor received a joint offer from two "Sharks," solidifying one of the most significant deals of the season:

• The Sharks: Barbara Corcoran and Kevin O’Leary
• The Offer: $200,000 for 10% equity, plus a $300,000 loan.
• Loan Terms: The $300,000 loan was structured with a 5% royalty on all sales until the loan was repaid.
• Total Investment: $500,000 (a combination of equity and debt).

Desinor accepted the deal, walking away with a handshake from both Kevin O’Leary and Barbara Corcoran, seemingly setting Toor Lockbox on a path to massive success in the real estate tech sector.

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3 Shocking Reasons The Deal Failed and The Company Collapsed

The narrative of the Toor Lockbox is a sobering reminder that a handshake on television does not guarantee a successful business partnership. Despite the excitement of securing two powerhouse investors, the deal ultimately collapsed, and the company is no longer in business as of the latest 2025 updates.

Here are the primary factors that contributed to the failure of Toor Lockbox after its *Shark Tank* appearance:

1. The Deal Never Closed

The most critical reason for the company’s downfall was the failure of the agreed-upon investment to materialize. According to reports, the deal with Barbara Corcoran and Kevin O’Leary never officially closed in the due diligence phase after the show. This is a common occurrence in *Shark Tank* history, where the rigorous legal and financial review process reveals unforeseen issues or a change of heart from either the entrepreneur or the investors. Without the promised $500,000 capital infusion, Toor was left without the necessary funding to scale production, manage inventory, and execute its national marketing strategy.

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2. Production and Shipping Delays

Even before the *Shark Tank* appearance, Toor had struggled with its initial product rollout. The company had successfully raised over $100,000 on Kickstarter, but the transition from prototype to mass production proved challenging. After the show, Desinor faced severe manufacturing and shipping delays, which frustrated early customers and damaged the company's reputation. While he eventually secured a distribution deal with Touch of Modern, the inability to consistently deliver the product on time hampered the company’s ability to capitalize on the massive "Shark Tank Effect" boost in demand.

3. Intense Market Competition and High Price Point

The smart lockbox and keyless entry market is fiercely competitive, dominated by established players and newer smart home technology companies. Toor’s product was priced at a premium, making it a difficult sell against more affordable or more widely adopted competitor solutions. Furthermore, the real estate industry is slow to adopt new technology, and convincing realtors to abandon their long-standing traditional lockbox systems for a new, expensive smart device proved to be a major hurdle. The combination of a high barrier to entry and a lack of capital to aggressively market the product ultimately led to its demise.

The Final Update: Toor’s Net Worth and Junior Desinor’s Next Chapter

The final status of the Toor Lockbox is unfortunately clear: the company is officially out of business. The official Toor website is inactive, and the product is no longer being sold anywhere online. As a result, the current net worth of Toor Lockbox is estimated to be $0 as of the latest 2025 reports, marking a complete end to the smart lockbox venture.

However, the entrepreneurial spirit of Junior Desinor did not fade with the failure of Toor. The founder quickly pivoted his focus, demonstrating the resilience often seen in serial entrepreneurs. He has moved away from the real estate technology sector and into a completely different industry.

Junior Desinor’s Current Venture (2025):

Junior Desinor is currently running a CBD store in Dallas, Texas, alongside his wife. This shift highlights the founder's ability to adapt and pursue new business opportunities, even after a high-profile failure. While the Toor Lockbox may be a footnote in *Shark Tank* history, Desinor's journey from real estate agent to smart-tech founder to wellness entrepreneur provides a powerful lesson in persistence and pivoting in the face of insurmountable business obstacles.

The story of Toor Lockbox serves as a crucial case study in the world of venture capital and startups. A great pitch, a solid product, and even a deal with a Shark are not enough to guarantee success; the ability to close the deal, manage manufacturing, and navigate a competitive market are the true tests of entrepreneurial endurance.