Two TV dragons are to invest in a company run by an Uckfield inventor.
Steve Ransom appeared on the BBC 2 show Dragons’ Den last night asking for £90,000 investment in return for 20% of his bicycle indicator system business.
It was when he mentioned his existing profitable business, which supplies camera and sensor systems to the transport industry, that the hard-nosed investors really got interested.
The end result was that Deborah Meaden and Peter Jones each offered half of the £90,000 sought for seven and a half per cent of the whole of his business.
Steve said, on leaving the Dragons’ Den, that he was elated and couldn’t believe it.
Read more about Steve’s journey to the Dragons’ Den in this previous Uckfield News story: Look out for Uckfield businessman on Dragons’ Den.