Tek Dry

machine to dry out water-damaged electronic devices

Tek DryDealTechnologyWebsiteDenver, COby Adam Cookson and Craig BeineckeS8E3

Pitch Details

Season / Episode

S8E3

Oct 7, 2016

Ask

$500,000

for 5%

Ask Valuation

$10M

Deal

$500,000

for 5%

Watch the Pitch

Deal Terms

Amount$500,000
Equity5%
Valuation$10M
Loan$500,000
Kevin O'LearyKevin O'Leary

What Happened Next

Operating
0
  • Deal with Kevin O'Leary: $500K loan at 13% + 5% equity
  • Raised $4.5M post-show
  • Reached 600+ Staples locations
  • Retail footprint collapsed by 2023; website went dark

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