Naturpack

biodegradable loose-fill peanuts made from cornmeal for use in shipping

The ask$300,000for 20% of the business

Implied valuation$1.5Mask / equity

Founder: Joe Dama

On the record

The deal, on the record

Naturpack pitched for $300,000 in return for 20% equity.

Season: 2, ep 5
On-air outcome: Left without a deal
Deal terms: No investment. Joe Dama was named the Armchair Dragon finalist for Season 2 Episode 5. The same CBC blog states the contest rule explicitly: "is offering $50,000 to the pitcher (who DIDN'T WIN A DEAL) that you deem most worthy" (https://web.archive.org/web/20071013153555id_/http://www.cbc.ca/dragonsden/blog2/2007/10/armchair_dragon_finalist_1.html), so every finalist is by definition a rejected pitch. The post also notes the pitch unravelled when "the Dragons found out it wasn't his solution (he only licenses the patent for N.A.)".
Category: Food and Drink

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