Seabung

Deal

Boat valve maintenance plug

Season 12 · Ep 11 OtherAired 22 February 2015

Seabung, the boat valve maintenance plug, landed on the national radar after pitching the dragons in Season 12, and convinced Deborah Meaden and KellyHoppen to invest.

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From the show

The Dragons’ Den pitch

£50K
Asked for: 20%
Offered equity: £250K
Sought valuation: £50K
Deal amount: 20%
Deal equity: £250K
Deal valuation

John and Sam Ford faced the dragons in Season 12, Episode 11 in the episode that aired 22 February 2015. Seabung, the boat valve maintenance plug, pitched in the Other category, one of 902 other businesses to brave the Den across all 21 seasons.

They came in asking £50,000 in exchange for 20% equity, putting a £250K valuation on the business.

Deborah Meaden and KellyHoppen teamed up at £50,000 for 20% equity. The deal valued the company at £250K.

Across Season 12, 20 of 65 pitches ended in a handshake. In the Other category overall, roughly 11% of pitches have landed a dragon across the show's history.

Deborah Meaden£25KKellyHoppen£25K

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Frequently asked questions

Where can I buy Seabung?

Check current price and availability on Amazon. Note that some Dragons’ Den products are discontinued or sold under a new name.

Did Seabung get a deal on Dragons’ Den?

Yes. Seabung closed a deal for £50,000 in exchange for 20% equity, with Deborah Meaden and KellyHoppen.

Which dragon invested in Seabung?

Deborah Meaden and KellyHoppen invested in Seabung (£50,000 total as aired).

What season of Dragons’ Den was Seabung on?

Seabung appeared in Season 12, Episode 11, which aired 22 February 2015.

How much was Seabung asking for on Dragons’ Den?

The founders asked for £50,000 for 20% of the company, a £250K valuation.

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