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An episode last month made âShark Tankâ history with a $2.5 million deal â the biggest yet on the show. Throughout six seasons, other budding businesses have gotten large amounts of funding from the investor sharks, but the deals donât always pan out.
Lumio On Shark Tank. When Max appeared in the tank, he was hoping to get a $250,000 investment in exchange for 8% equity in the Lumio business. The sharks looked a little dubious as Max mentioned the 8% equity figure, they are generally unfavorable to low equity deals, but within a few seconds they began to see the light.