The pitch
What walked into the Den
Tegology appeared on Dragons' Den in season 13, episode 12, which aired in 2016, pitched by Spencer Turner.
In the pitch, Tegology asked the Dragons for £45,000 for 25% of the business, valuing the business at about £180,000.
After the show
What happened next
On air, Tegology agreed a deal of £45,000 for 25%, backed by Peter Jones. The terms are quoted from the aired episode as public record.
We have not re-verified whether Tegology's product is on sale today, so we make no availability claim here yet. The deal above is public record; the aftermath is what we are still checking.
Our read
The Hub verdict
Peter Jones backing a camping stove that charges your phone is a tidy fit, and he took the deal at the founder's own terms. Spencer Turner asked for £45,000 against 25% of Tegology, a £180,000 valuation, and that is what closed, no equity haggled away in the process.
A single Dragon at the asking price often points to a product whose appeal is obvious on sight, and a stove that doubles as a power source for the outdoors market is an easy story to tell. The raise is small and the stake standard, which keeps this in classic early-stage territory. As for whether the stove can be bought now, that is a check we have not completed, so we make no claim on it.
Jones in alone, terms unchanged from the ask.
Worth knowing: Deal terms reflect the aired episode and are public record. Availability can change, and we only add a buy link once we have confirmed a current listing.
