Snug Vest

an inflatable vest that hugs you to relieve anxiety

The ask$500,000for 20% of the business

Implied valuation$2.5Mask / equity

On-air resultDeal agreed

Founder: Lisa Fraser

On the record

The deal, on the record

Snug Vest asked for $500,000 in exchange for 20% of the business.

Season: 9, ep 19
On-air outcome: Struck a deal
Deal terms: On-air deal accepted. Same article, immediately prior sentence: the dragons offered $500,000 for 40 per cent of Snug Vest. Fraser later declined and took $400,000 for 18 per cent from Arc Capital Development plus angels.
Category: Health and Wellness

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