SEASON 8 EPISODE 8
smart lockbox for the real estate and hospitality industries
$500,000 for 10%
$200,000 for 10% + $300,000 loan
Kevin O’Leary and Barbara Corcoran
OUT OF BUSINESS
Toor is a external home security lockbox and app that allows those in the real estate community to grant access to properties from anywhere in the world without the pain of scheduling or extra fees.
With Toor, you can manage access to your keys from anywhere in the world through the Toor app. Simply add your listings within the app, invite the user you want to give access too, and from there guests can access keys inside the lockbox.
The Toor lockbox made its first appearance in 2016 on Kickstarter where its raised over $100,000 from 108 backers, for its proprietary lockbox technology. Shortly following a successful Kickstarter campaign, Toor was featured on the Shark Tank where Junior Designor accepted an offer from Barbara Corcoran and Kevin O’Leary.
The deal did not go through with the Sharks but the company went on to receive additional funding from other investors. To date, Toor has received a total of $1.8 million in funding.
After two years of anticipation, in early 2018 the lockbox was finally released to Kickstarter backers and made available for purchase by a handful of retailers for $199.
Since its launch, Toor has received mixed reviews. Customers love the design and technology behind the lockbox but many have had issues with the app which has been described as glitchy and difficult to use.
What was once a promising solution to online scheduling and access authorization for the real estate industry is fast becoming obsolete as other companies rise to the top of the smart lockbox game.
The company is still listed as active but the lockbox remains unavailable on Amazon and on the company’s website while social media pages have not been updated since 2018.
Its unknown whether Junior will continue to work on Toor but with new business opportunities for the talented salesman, it seems Toor will soon be taken behind the barn.
Visit the Toor website