Ethical Ocean

a website selling ethically made products

The ask$150,000for 20% of the business

Implied valuation$750Kask / equity

On-air resultDeal agreed

Founders: Tony Hancock, David Damderger

On the record

The deal, on the record

On Dragons' Den Canada, Ethical Ocean sought $150,000 for a 20% stake.

Season: 5, ep 20
On-air outcome: Struck a deal
Deal terms: Deal confirmed by the founders in their own behind-the-scenes video; later in the same video: "in fact on top of our leans investment we've managed to raise half a million dollar in Angel investment" (auto-caption renders Arlene's name as "our leans").
Investing Dragon: Arlene Dickinson
Category: Tech and Software

Tracked by Dragons Den Hub. Deal terms come from the aired episode; availability reflects our latest check only.