$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Ryan Close & Bryan Fedorak from Waterloo, ON, pitched Bartesian in Season 11, Episode 2, asking the Dragons for $450K for 8% of the company.
- Asked for$450K for 8%
- Valuation$5.63Mimplied by the ask
- OutcomeDealwith Jim Treliving and Joe Mimran
- Final deal$450K for 9%valued at $5M
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Joe Mimran | $450,000 for 12% | Withdrawn |
| Michael Wekerle | $450,000 for 11% (with Joe Mimran, teaming) | Withdrawn |
| Manjit Minhas | $450,000 for 8% royalty until repaid then 2% royalty plus 10% equity | Declined |
| Jim Treliving | $450,000 for 10%, no royalty | Withdrawn |
| Jim Treliving and Joe Mimran | $450,000 for 9%, no royalty, jointly | Accepted |
Ryan Close and Bryan Fedorak, from Kitchener-Waterloo, ON, asked for $450,000 for 8% of Bartesian, a countertop cocktail machine that uses barcode-labelled capsules containing natural juices, bitters, and liqueurs, requiring only the addition of vodka, gin, rum, or tequila to produce a mixed drink in under 20 seconds. The machine sells for $299 and each capsule for about $1.50, with two years of development behind them; the company had $200,000 in pre-orders with product shipping in the fall and commitments for $3.5 million in sales for 2016-17, generated after appearing at the International Housewares Show in Chicago, with under $1,000 spent on marketing.
Joe Mimran initially offered $450,000 for 12%, Michael Wekerle teamed with Joe Mimran at 11%, Manjit Minhas and Michael Wekerle offered $450,000 for an 8% royalty until repaid plus 10% equity, and Jim Treliving offered $450,000 for 10% with no royalty. After a bidding war, Jim Treliving and Joe Mimran partnered to offer $450,000 for 9% with no royalty, which Ryan Close and Bryan Fedorak accepted.
Pitch details from CBC’s Dragons’ Den pitch page.
Bartesian today
- StatusIn businessLast checked September 2026
Bartesian is still operating and sells through its website.