Forktula

utensil attachment

The ask$25,000for 25% of the business

Implied valuation$100Kask / equity

On-air resultDeal agreed

Founders: Josh Lindsay, Oliver Sauvé

On the record

The deal, on the record

Forktula asked for $25,000 in exchange for 25% of the business.

Season: 13, ep 15
On-air outcome: Struck a deal
Deal terms: $25,000 for a 10% royalty plus right of first refusal on anything else they invent, no equity (ask was $25K for 25%); a rival $50,000 for 50% offer was turned down
Investing Dragon: Michele Romanow
Category: Home and Living

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