Fabulous Furballs

wallets on a tight leash

The ask$200,000for 15% of the business

Implied valuation$1.3Mask / equity

On-air resultDeal agreed

Founders: Krista Castellarin, Dwayne Castellarin, Kat Hueggenberg

On the record

The deal, on the record

Fabulous Furballs asked for $200,000 in exchange for 15% of the business.

Season: 6, ep 14
On-air outcome: Struck a deal
Deal terms: CAUTION: the source records the OFFER but never states acceptance in words. Full passage: "Though all the Dragons were interested, Bruce beat them to the punch with an offer that was even better than Krista's ask. He said he'd lend Krista the $200,000 she was asking for, but with the right to convert the loan to 10 per cent of the company. 'There's no need to give up 15 per cent of your company,' he explained." So: $200,000 convertible loan, convertible to 10% (ask was $200K for 15%, which matches the recorded ask exactly). Article frames Fabulous Furballs as the episode's success story. Treat as deal-offered-and-almost-certainly-taken, not as a verbatim-confirmed handshake.
Investing Dragon: Bruce Croxon
Category: Pet Products

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