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 the?Belfast-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 that?Ewart unsuccessfully asked for when he pitched to the Dragons. The funding?will see SendmyBag?expand into key international markets and further develop the startup's?core enabling technology among key suppliers.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/u3vkD1PHs2A/
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