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Dodjivi Coffee productDeal made in the Den

Dragons' Den Canada Season 20 · Episode 15

Dodjivi Coffee

functional mushroom coffee blends

Still sellingFood and Drink

Gatineau’s Dodjivi pitched mushroom coffee in season 20. Two Dragons split 20 percent, and the store is live and well reviewed.

The ask$150,000for 10% of the business
Implied valuation$1.5Mask / equity
On-air resultDeal agreed
Still sellingFounder: Komlanvi Dodjro

The pitch

What walked into the Den

Dodjivi Coffee, Komlanvi Dodjro’s functional mushroom-coffee brand from Gatineau, Quebec, appeared in season 20, episode 15.

Went after $150,000 in return for 10 percent, which pointed to a value of about $1,500,000.

After the show

What happened next

Two Dragons came in together at $150,000 for 20 percent, splitting it evenly, double the equity Dodjro opened with.

The brand is trading strongly. The store is live with instant mushroom-coffee blends from about $28 to $50, a working cart, and a 4.6-star rating across more than a hundred reviews. The company says the coffee is now carried in more than 150 stores.

Our read

The Hub verdict

The ask is measured for a category with real momentum: a mid-six-figure cheque against just a tenth of the business, a price of a million and a half on a functional mushroom-coffee brand. Keeping the give-away that small signals a founder who believes the product can carry the raise.

Two Dragons split the deal at double that equity, 10 percent each for the $150,000, with Tara Bosch among them. Functional coffee lives on repeat purchase and shelf presence, so trading ten extra points for two operators with retail reach is buying precisely the right thing. The store is live and well reviewed, with blends from about $28 to $50, and the company says the coffee now sits in more than 150 stores.

Two Dragons at ten percent each, and 150 stores since

Worth knowing: The retail-footprint figure is the company’s own.