PipeSnug founders Chris Burdett and Alex Lever have secured new investment on BBC One’s Dragons’ Den show.
Following a nerve-wracking pitch and negotiation, including intense questioning from all of the entrepreneurs, Chris and Alex secured a joint investment from Dragons’ Deborah Meaden and Peter Jones.
“We prepared our pitch carefully and rehearsed a lot, but nothing can prepare you for the experience of Dragons’ Den,” said Chris. “We are delighted Deborah and Peter saw the opportunity and chose to work with us.”
The products are an evolution of an idea that Chris, a professionally-qualified bricklayer and builder, had to help solve a problem that he encountered on every job he ran with his construction business – sealing holes around pipes.
“We made sure our pitch told the story and outlined the opportunity it presents to an investor, especially one who could bring real value and experience to our business. Pitching to the Dragons and then having such a positive response was amazing,” added Alex.
PipeSnug was pitched as the only pipe seal and collar that provides an all-in-one solution which meets Part L’s requirement to seal around pipework inside and outside a building, without the need for sealant, mortar or air sealing tape.
PipeSnug is currently available in 32mm, 40mm and 110mm versions alongside FlueSnug, the boiler flue sealing collar.