$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Mylène Cusson and Marie-Hélène David from Quebec City, QC, pitched Kanevas in Season 14, Episode 1, asking the Dragons for $100K for 12.5% of the company.
- Asked for$100K for 12.5%
- Valuation$800Kimplied by the ask
- OutcomeDealwith Jim Treliving
- Final deal$100K for 15%valued at $667K
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Arlene Dickinson | No offer made, not personally interested as investment | Out |
| Manjit Minhas | No offer made, business needs more refinement | Out |
| Vincenzo Guzzo and Michele Romanow | $100,000 for 25% (each taking 12.5%), later reduced to 20% | Declined |
| Jim Treliving | $100,000 for 15% | Accepted |
Mylène Cusson and Marie-Hélène David, from Quebec City, asked for $100,000 for 12.5% of Kanevas, a company that lets customers design and build custom handbags online from a large range of fabric, leather and colour options, with bags handmade after ordering. The average bag retails for $225, with production costs between $60 and $210, and customer acquisition cost around $20. The company did $100,000 in sales the prior year and was on track for $320,000 in sales this year, though the conversion rate on the customization tool was about 1% due to website issues.
Arlene Dickinson and Manjit Minhas went out without offering, citing personal investment fit and a need for more business refinement. Vincenzo Guzzo and Michele Romanow jointly offered $100,000 for 25%, later reduced to 20%, which the founders declined as too much equity. Jim Treliving then offered $100,000 for 15%, which the founders accepted.
Pitch details from CBC’s Dragons’ Den pitch page.
Kanevas today
- StatusOut of businessLast checked September 2026
Kanevas appears to have closed. Its products may no longer be available.