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RVezy productDeal made in the Den

Dragons' Den Canada Season 12 · Episode 7

RVezy

a peer-to-peer RV and motorhome rental marketplace

Still sellingAutomotive

The Ottawa RV-rental marketplace RVezy left the Den with an investor. We trace the terms and how far the platform has since grown.

The ask$150,000for 10% of the business
Implied valuation$1.5Mask / equity
On-air resultDeal agreed
Still sellingFounders: Mike McNaught, Will Thompson

The pitch

What walked into the Den

RVezy runs a marketplace that lets RV owners rent their vehicles to travellers, an approach modelled on home-sharing but built for motorhomes and based in Ottawa.

Mike McNaught and Will Thompson pitched it in season 12, asking $150,000 for 10 percent of the company at an implied $1.5 million valuation.

After the show

What happened next

This one has a confirmed ending. Ottawa Business Journal's profile of McNaught reports he closed a deal with Michele Romanow after the appearance, with her investment folded into the millions RVezy went on to raise.

The platform has scaled well beyond that night. A July 2026 look at the site found more than 5,000 RV listings across Canadian provinces, live booking, nightly rates from around $47, and built-in insurance and roadside support.

Our read

The Hub verdict

This is one of the cleaner deals in the set. The $150,000 for 10 percent ask valued RVezy at $1.5 million and Michele Romanow backed the founders at exactly that number, an investment later folded into the millions the marketplace went on to raise. The Den cheque was an early chapter rather than the whole financing story, which is the right way to read it. The platform today lists thousands of RVs across Canadian provinces with live booking, making it one of the strongest going concerns on this side of the site.

A Romanow deal at the asking price, now a scaled marketplace

Worth knowing: The Romanow investment is on the public record. Note that a single reported deal does not capture every twist of a company's later financing, which grew well past the original figure.