Laundry Turtle

collapsible laundry basket

The ask$200,000for 8% of the business

Implied valuation$2.5Mask / equity

On-air resultDeal agreed

Founders: Eric Mendes, Erminio Mendes

On the record

The deal, on the record

On Dragons' Den Canada, Laundry Turtle sought $200,000 for a 8% stake.

Season: 20, ep 10
On-air outcome: Struck a deal
Deal terms: $200,000 for 10% split between two Dragons, with a buy-back of that 10% for $400,000 and a 5% royalty once sales hit $2 million
Category: Home and Living

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