Tomte Cakes is a business that sells gingerbread house kits, Tomte gnomes, and more, with a focus on Christmas products primarily aimed at children.
This product is a 3D-designed house baking pan that allows kids to quickly and easily create their own gingerbread houses. Children can customize the house by adding their favorite flavors. The pan is made entirely of aluminum and costs $54.
| Company Name | The Tomte Cake | |
| Founder | Miranda Tompkins | |
| Founded | Oct 2022 | |
| Product | Gingerbread House Kit | |
| Asked For | $200,000 for 10% equity | |
| Final Deal | $200k for 15% equity | |
| Shark |  Kevin O’Leary | |
| Episode (Shark Tank USA) | S15 E8 | |
| Air Date | Dec 8, 2023 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Portland, Oregon, USA | |
| Lifetime Worth (Sales) | $200k *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of The Tomte Cake?
Miranda Tompkins is the founder of The Tomte Cake Business. In addition to her entrepreneurial role, she is a neuroscientist and a graduate of Colgate University. After completing her studies, she gained 3-4 years of experience working at various companies.
How Was The Shark Tank Pitch Of The Tomte Cake?
Founder Miranda entered Shark Tank seeking $200k for 10% equity in her business. She explained her product, which costs $15 to produce and retails for $60, with discounts available during sales.
Launched on October 7th of last year, the business sold 5,000 sets ($200,000 in revenue) in just 35 days. Social media ads drove traffic to the product page, with $40,000 spent on advertising out of the $200,000 in sales. So far, Miranda has invested $150,000 in the business.
Kevin O’Leary offered $200k for 25% equity, plus 25% of any distribution. Lori Greiner suggested expanding into other occasions like Valentine’s Day and birthdays, offering $200k for 33.3% equity. Shortly after, Barbara Corcoran offered $200k for 20% equity.
Daymond John expressed interest in partnering with Barbara for 25% equity, but she declined. He then asked Lori, who also refused, so Daymond offered $200k for 25% equity on his own.
Miranda countered Lori’s offer at 20% equity, but Lori held firm at 25%. Miranda then countered with 22%, but Lori stayed at 25%. Kevin revised his offer to $200k for 15% equity. Lori countered with 24%, but ultimately, Miranda accepted Kevin’s offer of 15% equity.
| Sharks | Offers |
|---|---|
 Barbara Corcoran | $200k for 20% equity (#1) |
| Kevin O’Leary | $200k for a 25% equity + 25% of any distribution taken (#1) $200k for 15% equity (#2) |
 Mark Cuban | No Offer |
 Daymond John | $200k for 25% equity (#1) |
 Lori Greiner | $200k for 33.3% equity (#1) $200k for 25% equity (#2) $200k for 24% equity (#3) |
| Founder’s (Countered) | $200k for 20% equity (Lori) $200k for 22% equity (Lori) |
| Final Deals | $200k for 15% equity |
What Happened To The Tomte Cake After Shark Tank?
Tomte Cakes secured a deal on Shark Tank with Kevin O’Leary investing in the company. Following the episode’s airing, many people purchased the product for Christmas and shared videos on social media of their gingerbread house cakes.
During the holiday season, the company is expected to generate significant sales, with Kevin leveraging his retail contacts to get the product into stores.
The Shark Tank episode provided valuable promotion, making the product known worldwide. To further boost sales, a strong marketing strategy is essential, and the Sharks can play a key role in this effort.
What Is The Tomte Cake Net Worth?
Tomte Cakes’ net worth is estimated at $0.5 million. The Christmas decorations market is vast, with many small businesses generating millions in revenue. Tomte Cakes saw a significant increase in sales within just a few months.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
| Years | Annual Revenue |
| 2023 | *estimated |
| 2022 | $200k *estimated |
Funding Reports to Date!
| Years | Funding Amount | Investor |
| 2023 | $200K | Kevin O’Leary |
The company is headquartered in Portland, Oregon, and has 1-10 employees.
Yes, The Tomte Cake is still in business as of December 2023.
