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Reviveaphone productDeal made in the Den

Season 11 · Episode 7

Reviveaphone

a repair kit for water-damaged mobile phones

A season 11 Dragons' Den pitch, Reviveaphone is behind a repair kit for water-damaged mobile phones. We dig into what came after the episode.

The ask£50,000for 25% of the business
Implied valuation£200Kask / equity
On-air resultDeal agreed
Founder: Oliver Murphy

The pitch

What walked into the Den

Oliver Murphy brought Reviveaphone to Dragons' Den in season 11, which aired in 2014.

In the pitch, Reviveaphone asked the Dragons for £50,000 for 25% of the business, valuing the business at about £200,000.

After the show

What happened next

On air, Reviveaphone agreed a deal of £50,000 for 25%, backed by KellyHoppen. The terms are quoted from the aired episode as public record.

Our read

The Hub verdict

Oliver Murphy raised £50,000 and parted with a quarter of Reviveaphone to do it, a straight acceptance of his own asking terms at a £200,000 valuation.

Kelly Hoppen backing a phone-repair kit solo is worth a beat: her design and retail instincts tend to follow products that sit well on a shelf and explain themselves fast, and a fix-it kit for water-damaged handsets is about as self-explanatory as consumer tech gets. Twenty-five percent is a meaningful stake to hand over, though on a five-figure raise it is the kind of trade early-stage businesses make for a Dragon's contacts as much as the cash.

Asking terms met, with a quarter of the company changing hands.