The BBC show in the UK has been broadcasting since January 2005. It allows several entrepreneurs an opportunity to present their varying business ideas to a panel of five wealthy investors, the “Dragons” of the show’s title, and pitch for financial investment while offering a stake of the company in return. But who were the alcohol drinks brands that stepped up to the Den?
The brand was founded in 2017 by Mark Smallwood and Liam Manton (pictured above) and secured £75,000 investment for 33.3% of their business from Hyde-born businesswoman Jenny Campbell.
“Didsbury Gin is all about Mark and Liam. They instantly drew me in with their charm and I thought this could work. I also went to school in Didsbury so I thought that was a good omen! They knew their product and the numbers behind the business, they stood their ground when my fellow Dragons attacked and most importantly I liked them.” Jenny Campbell
Camilla Brown and Liz Beswick (pictured above), co-founders of brand owner Young in Spirit, secured £50,000 investment for 30% of their business from Tej Lalvani, the CEO of vitamin giant Vitabiotics and Touker Suleyman, fashion retail entrepreneur and investor.
Scottish entrepreneur Stuart Ingram (pictured above) accepted a £80,000 offer on the programme for 10% equity in his business from business tycoon Peter Jones, but later decided to walk away from the potential deal.
The company’s managing director Peter Smith (pictured above) moved to Spain in the mid-90’s and pitched his company to Dragon’s Den including the food side of the business, all of the products contain Tiger Nuts. This means the liquor is dairy, lactose, gluten and nut-free (note tiger nut is not actually a nut despite the name!) and perfect for lactose intolerant/vegan nut allergy sufferers who can’t have vegan Baileys as it contains almond milk.
Peter was looking for a £100k investment in his company and although he did not secured the funding, he gained invaluable advice from the Dragons and decided to focus solely on the liqueurs side of the business going forward.
German co-founders and tea mixologists Vincent Efferoth and Lukas Passia (pictured above) were drawn to the Brits’ passion for tea and alcohol. NOVELTEA takes the finest tea leaves and spirits from across the globe to produce the finest blends imaginable. It’s traditional tea with a twist.
Three Dragons offered £80,000 for 30% stake in their business which was rejected by the duo. Days after the show they completed a crowdfunding campaign which raised a whopping £342,000 for roughly 9%, giving their company a valuation of around £3.8m.
Co-founders Jon Hulme and John Burke (pictured above) secured an investment of £75,000 for a 12.5% stake from Sarah Willingham in their subscription box service business delivering monthly artisan gins and sparkling wines, along with snacks and magazines, to subscribers.
Managing director Jo Hilditch turned down offers of £50,000 from three of the Dragons in the BBC series Dragon’s Den, who each wanted a 30% – 40% stake in the company. It has also been relaunched under the auspices of parent company White Heron Brands.
Rocktails Frozen Vodka Cocktails (2012)
Naomi Kibble, and Helen McAvoy of Rocktails (pictured below) walked away from an offer of £80,000 for a 40% stake in the business offered by Peter Jones and Duncan Bannatyne, back in 2012. However, I could not find information on the brand and products except for the Alcohol-free products from Rocktails.
For Frozen cocktails, see the Inside the Blog post: It’s Summer…time for a frozen cocktail?
James Nash’s idea of a single-serve plastic glass of French wine with a tear-off lid was dismissed by the Dragons back in 2009. He was looking for a £250k investment for a 25% stake in his business. However, the product was later picked up by M&S and went on to experience growth and success.
If I have missed any drinks brands featured on the show – please let me know by contacting me!