What Is PipeSnug Worth?
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PipeSnug founders Chris Burdett and Alex Lever recently took to the Dragon’s Den in an attempt to secure an investment from the Dragons after their pitch for what they believe to be a leading tool for the building industry.
Episode 13 of the 19th series on BBC One saw the founders facing a tough crowd in Peter Jones, Deborah Meaden, Touker Suleyman, Sara Davies and Steven Bartlett, but were eventually successful in landing an investment.
What is PipeSnug's net worth in 2022?
As of 2022, it’s not clear what PipeSnug’s net worth is.
However, the founders valued their business at £1.3 million on Dragon’s Den, to which Jones responded: “This is PipeSnug, not pipe mug”.
Burdett and Lever explained that their sales were supposedly in the tens of thousands last year, and this proved enough for both Meaden and Jones to make an offer and hand over their cash.
Before their time on the show, the founders told Pro Builder Mag that they were “nervous but excited about facing the Dragons but we have prepared meticulously for the pitch and we are totally confident in our product and the time and money it saves.”
As well as locking in investment on the show, their products are already on the shelves of ToolStation and Screwfix, being available for under £10 a pop.
PipeSnug has a hefty following of over 5,000 followers on Instagram and appears to make builders’ and plumbers’ dreams come true with their before and after shots of botched to breathtaking pipes.
Featured Image Credit: PipeSnug website / BBC
Topics: TV and Film, BBC
