Independent product guide to Dragons' Den · Every availability claim is checked
Rigo Recycler product

Dragons' Den Canada Season 3 · Episode 5

Rigo Recycler

a cart for wheeling garbage and recycling to the curb in one trip

Back in season 3, Rigo Recycler offered up almost the whole company. Here is the ask and where the cart ended up.

The ask$600,000for 90% of the business
Implied valuation$667Kask / equity
Founder: Alex Rigo

The pitch

What walked into the Den

Alex Rigo, from Pembroke, Ontario, invented a cart for wheeling garbage and recycling to the curb in one trip.

Our read

The Hub verdict

This is the oldest pitch in the batch, a season 3 curbside cart from around 2008, and the ask is the strange part: $600,000 for 90 percent hands over almost the entire company at an implied valuation under $700,000. Founders who offer that much are usually selling an invention rather than building a company around it, looking for someone with manufacturing and distribution to take it off their hands. It is a shape that turns up far more often in the early seasons than in the modern show.

An unusual ask: nine tenths of the company for $600,000