LavaBox Shark Tank Update | LavaBox Net Worth

LavaBox is an innovative portable campfire solution that gained popularity after being featured on Shark Tank Season 14, Episode 18. This unique product is designed for outdoor enthusiasts who want the ambiance and warmth of a campfire without the hassle of a traditional fire setup.

The LavaBox is constructed from repurposed ammunition boxes, known for their durability and ruggedness, making it a reliable companion for any adventure.

The LavaBox operates by connecting a propane gas lead to the ammo box, creating a controlled and contained fire that is both safe and compliant with fire regulations. This feature is especially beneficial during wildfire bans, as it allows users to enjoy a campfire experience without the risk of open flames.

With its portable design, the LavaBox is ideal for camping, kayaking trips, and backyard gatherings.

LavaBox meets wildfire restrictions, making it a responsible choice for those who care about the environment.

Additionally, it’s easy to transport and set up, offering convenience to users who may not be skilled in traditional fire-building techniques.

The LavaBox is available in various models, with prices ranging from $199 to $349, and new customers can enjoy a 10% discount. It can be purchased at sporting and camping outlets, as well as online at FireAnytime.com.

With its robust design, ease of use, and environmental safety, the LavaBox presents a compelling option for those seeking a hassle-free campfire solution with the added benefit of portability.

Company NameLavaBox
FounderJosh Thurmond
ProductPortable Campfires
Investment Seeking$200,000 for 10% equity
Final Deal Accepted$200,000 for 12.5% equity + a royalty of $0.75 per unit until $200,000 is paid
Shark NameLori Greiner
EpisodeSeason 14, Episode 18
Business StatusIn Business
WebsiteVisit Website
Net Worth$2 million

What Is LavaBox?

Lavabox is a portable campfire device that runs on propane and is designed for outdoor activities. It offers a clean, smokeless fire without the need for firewood, and it’s aimed at being both convenient and safe in environments where fire bans or restrictions are in place.

LavaBox Shark Tank Update | LavaBox Net Worth

LavaBox is a brand that offers portable fire pits or outdoor heating products that are designed for camping, overlanding, or general outdoor use. These products are compact, portable, and recognized for safe use in national parks.

Lavabox has multiple models with various features, some of which are also suitable for cooking. The company supports environmental conservation efforts by donating to Protect Our Rivers with each purchase.

Who Is The Founder Of LavaBox?

Joshua Thurmond is the founder and CEO of LavaBox. He conceptualized and created the LavaBox Portable Campfire after completing his Master of Public Administration at the University of Colorado Denver.

His background includes a rich blend of environmental enthusiasm and community service. Joshua is actively involved with the National Sports Center for the Disabled, creating outdoor adventure programs for people with disabilities, and volunteers for Team River Runner. He also has experience as a Director of Client Services at Handbid.

Sylvia Thurmond, the Chief Fire Officer of the company, brings her expertise as a Forensic DNA Analyst to the table. With an MFS in Forensic Molecular Biology from George Washington University, she has worked with The Bode Technology Group and the Denver Police Department Crime Laboratory.

The idea for LavaBox was born out of Joshua Thurmond’s passion for the outdoors and his commitment to environmental sustainability. Recognizing the dangers of traditional campfires, such as wildfires and pollution, Joshua sought to create a safer, more eco-friendly alternative.

The LavaBox, with its propane-powered design, eliminates the need for firewood, reducing smoke and ash while also addressing the risk of wildfires.

Before its appearance on Shark Tank, LavaBox had made significant strides in the market. Founded in August 2020, the company quickly gained traction, selling over 4,000 units by August 2022.

The product’s success was largely driven by word-of-mouth and social media, with no funds spent on traditional advertising.

LavaBox is known for its environmental commitment, donating $1 for every purchase to Protect Our Rivers, supporting river health conservation.

The company offers several models of portable campfires, with a range of prices and features, catering to different outdoor enthusiasts.

Despite its success, LavaBox faced challenges in keeping up with demand, occasionally switching to “pre-order mode,” indicating a potential need for investment and strategic partnerships to scale operations.

How Was The Shark Tank Pitch Of LavaBox?

Josh Thurmond entered Shark Tank with his innovative product, the LavaBox, which is a portable campfire designed to be safe, clean, and easy to use. His pitch was to secure an investment that would help him scale his business.

Josh was asking for $200,000 in exchange for 10% equity in his company. During his presentation, Josh impressed the Sharks with the LavaBox’s financials.

LavaBox Shark Tank Update | LavaBox Net Worth

He mentioned that the product comes in three sizes, with the smaller version being the most popular at a retail price of $195 and a production cost of slightly above $25. He also projected over $1 million in gross revenue sales by the year’s end.

The Sharks were keen on understanding his business model, and Josh explained that most sales were generated through word of mouth, indicating strong customer satisfaction and market acceptance.

Kevin O’Leary was the first to make an offer of $200,000 for 10% equity, followed by Daymond John, who proposed an offer focusing on licensing with a demand for 20% equity.

Finally, Lori Greiner made her move with an offer of $200,000 for 12.5% equity, including a per-unit royalty of $0.75 until she recouped her $200,000 investment.

After considering all offers, Josh accepted Lori’s deal.

The LavaBox company has been doing well since its appearance on Shark Tank. The show provided valuable exposure, which significantly lowered the company’s customer acquisition costs.

The products continue to be available on the LavaBox website, and future updates are anticipated to be positive.

Shark’s NameInvestment OfferedCounter Offer by FoundersFinal Deal Accepted
Kevin O’Leary$200,000 for 10% equity
Daymond John
Lori Greiner$200,000 for 12.5% equity + $0.75 per unit royalty until $200,000 recouped$200,000 for 12.5% equity + $0.75 per unit royalty until $200,000 recouped

Did LavaBox Get a Deal on Shark Tank?

Yes, LavaBox secured a deal on Shark Tank. The founder, Josh Thurmond, appeared on Season 14 Episode 18 and struck a deal with Lori Greiner. He initially asked for $200,000 in exchange for 10% equity.

After some negotiation, the final deal was $200,000 for 12.5% equity plus a royalty of $0.75 per unit until the $200,000 is recouped. The episode aired on March 31, 2023.

Also read, Happi Floss Shark Tank Net Worth

What Happened To LavaBox After Shark Tank?

After appearing on Shark Tank, Lavabox, the portable campfire company, experienced positive outcomes for its business.

Josh Thurmond, the founder of Lavabox, entered the show seeking a $200,000 investment for a 10% stake in his company. During the pitch, he received offers from the sharks.

Kevin “Mr. Wonderful” O’Leary offered the full amount but requested a 20% equity stake. FUBU founder Daymond John matched O’Leary’s offer.

Lori Greiner, the QVC mogul, saw the potential for the product in camping and outdoor stores and made a counter-offer of 15% equity and 75 cents royalty per unit until she recouped her investment. Ultimately, Thurmond accepted Greiner’s offer.

Since the appearance on Shark Tank, Lavabox has been doing well. The exposure from the show helped reduce customer acquisition costs.

LavaBox Shark Tank Update | LavaBox Net Worth

LavaBox saw a substantial increase in sales and revenue following its appearance on Shark Tank. The portable campfire product gained popularity among outdoor enthusiasts, leading to more orders and a significant uptick in website traffic.

LavaBox expanded its reach across the United States and exceeded initial sales projections.

The company, based in Denver, has sold over 4,000 units to date and is currently valued at $1.6 million. They have expanded their product line beyond portable campfires to include cooking utensils and merchandise.

Lavabox’s website showcases their passion for the outdoors and commitment to the environment. They donate $1 from every purchase to Protect Our Rivers, a nonprofit organization dedicated to preserving natural waterways. The company has received positive reviews from outdoor websites and major outlets like Forbes.

In addition to their successful business growth, Lavabox maintains an engaging online presence with regular blog posts and active social media accounts. They continue to promote the fun and excitement of outdoor activities to their audience.

The success of LavaBox prompted the company to develop new prototypes and expand its product line. Under the leadership of Joshua Thurmond, LavaBox invested in research and development to create additional innovative products that cater to the needs of its customer base. They introduced new models such as Tacana Twosome, Krakatoa Firebreather, and Hekla.

LavaBox actively built partnerships and contributed to various causes. One notable partnership is with the National Sports Center for the Disabled (NSCD), promoting safe campfire experiences for people with disabilities.

LavaBox also engaged with outdoor enthusiasts in Denver, Colorado, and participated in local events. During the COVID-19 pandemic, LavaBox provided controlled campfire experiences while maintaining social distancing guidelines.

LavaBox was designed to promote fire safety and mitigate the environmental impact of traditional campfires. Its military-style ammo box design helps contain the fire, reducing the risk of wildfires and adhering to local fire regulations.

The compact design also prevents ash and debris from contaminating water sources, protecting the environment.

Appearing on Shark Tank provided Lavabox with valuable investment and exposure, contributing to the success and expansion of their business.

Also read, Bleni Blends Shark Tank Net Worth

LavaBox Shark Tank Update

After appearing on Shark Tank, LavaBox, a portable campfire company, received an investment from Lori Greiner. She invested $200,000 for a 12.5% equity stake in the company, along with a royalty of $0.75 per unit until the initial investment is paid back. This investment helped LavaBox to develop further and promote their product.

Following the Shark Tank appearance, LavaBox experienced significant growth and success. They achieved their goal of reaching $1.2 million in sales by the end of 2022, and their product sold over 4,000 units within just 18 months after its launch. This success led to LavaBox expanding its operations and hiring more employees.

In April 2023, TikTok content creator Alex Mauer joined the LavaBox team, bringing additional exposure and marketing opportunities for the company.

LavaBox Shark Tank Update | LavaBox Net Worth

LavaBox continues to be in business with a net worth of $2 million, with its headquarters located in Denver, Colorado. They are actively selling their portable campfire products through their website and have expanded their distribution to 21 retail stores across the United States.

The company remains committed to sustainability and donates $1 from every sale to Protect Our Rivers. By offering a safer and more sustainable alternative to traditional campfires, LavaBox aims to reduce the risk of wildfires caused by campfire activities in forests and other natural areas.

LavaBox has experienced significant growth, secured an investment from Lori Greiner, expanded its distribution, and continues to be in business as it works towards making outdoor adventures safer and more environmentally friendly.

Also read, The Ice Cream Canteen Shark Tank Net Worth

What Is the Net Worth Of LavaBox?

According to our research, LavaBox is estimated to be $2 million. The valuation of LavaBox was $1.6 million after securing an investment from Lori Greiner on season 14 of Shark Tank.

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