Hangry

Fabian Raso and Mark Scattolon, both 27 and from Hamilton, ON, asked for $120,000 for 15% of Hangry, a mobile app for finding, ordering and paying for food and drinks to skip lineups at restaurants. The app charges consumers a 10% convenience fee rather than charging restaurants, and has processed over 2,000 orders with no complaints about the fee. The company has been developing the product for two years and fully launched four months ago, has about 1,000 registered users with over 50% converting to a sale and 28% of those becoming monthly active users, is live in 20 restaurants, has signed a deal with a Mexican food chain with over 50 locations and a large food campus operator serving over 50,000 students, and breaks even at 200 locations with restaurant chains in talks that could bring it to 300 locations within a year. Restaurants can also pay $50 a month for push messaging and data analytics.

Jim Treliving went out, saying his company was building a similar in-house tool. Manjit Minhas went out, feeling the founders did not need Dragon help. Michele Romanow offered $120,000 for 20%, wanting the funds used to drive downloads through campus and restaurant partnerships rather than marketing. Joe Mimran and Michael Wekerle both joined Michele Romanow's offer, and the founders accepted the combined $120,000 for 20% deal.

Hangry appears to have closed. Its products may no longer be available.