Phazon

product untangles a common problem

The ask$500,000for 10% of the business

Implied valuation$5Mask / equity

On-air resultDeal agreed

Founder: Christian Houle

On the record

The deal, on the record

Phazon pitched for $500,000 in return for 10% equity.

Season: 11, ep 7
On-air outcome: Struck a deal
Deal terms: $500,000 for 20%, split among four Dragons; article notes the deal was still in due diligence
Investing Dragons: Michele Romanow, Joe Mimran, Jim Treliving, Michael Wekerle
Category: Electronics

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