Shrinkable Sofa

expandable sofa

The ask$200,000for 15% of the business

Implied valuation$1.3Mask / equity

On-air resultDeal agreed

Founder: Daniel Chiriac

On the record

The deal, on the record

On Dragons' Den Canada, Shrinkable Sofa sought $200,000 for a 15% stake.

Season: 20, ep 12
On-air outcome: Struck a deal
Deal terms: $500,000 to license the product, plus a 5% royalty on this product and everything else he invents, split between three Dragons
Category: Home and Living

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