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September 10, 2012 04:59 pm GMT
When SendmyBag founder and CEO Adam Ewart stepped into the Dragon's Den on last night's episode of the UK television show asking for a 100k investment in return for 5% equity, valuing the startup at 2 million, he was promptly sent with his bag's packing."What investigation have you done to justify the most ridiculous, ludicrous, stupid, insane valuation?", shouted one of the Dragons.But today the Northern Irish company which helps air travellers travel light by providing a door-to-door luggage delivery service is announcing that it has indeed raised a round of angel funding from theBelfast-based angel investment firm Lough Shore Investments.Terms of the deal aren't being disclosed, but sources tell TechCrunch it is around the 100k mark thatEwart unsuccessfully asked for when he pitched to the Dragons. The fundingwill see SendmyBagexpand into key international markets and further develop the startup'score enabling technology among key suppliers.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/u3vkD1PHs2A/
Dragons Den Reject SendmyBag Scores 100K Angel Funding To Help Travellers Travel Light
When SendmyBag founder and CEO Adam Ewart stepped into the Dragon's Den on last night's episode of the UK television show asking for a 100k investment in return for 5% equity, valuing the startup at 2 million, he was promptly sent with his bag's packing."What investigation have you done to justify the most ridiculous, ludicrous, stupid, insane valuation?", shouted one of the Dragons.But today the Northern Irish company which helps air travellers travel light by providing a door-to-door luggage delivery service is announcing that it has indeed raised a round of angel funding from theBelfast-based angel investment firm Lough Shore Investments.Terms of the deal aren't being disclosed, but sources tell TechCrunch it is around the 100k mark thatEwart unsuccessfully asked for when he pitched to the Dragons. The fundingwill see SendmyBagexpand into key international markets and further develop the startup'score enabling technology among key suppliers.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/u3vkD1PHs2A/
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