$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Mike McNaught & Will Thompson from Ottawa, ON, pitched RVezy in Season 12, Episode 7, asking the Dragons for $150K for 10% of the company.
- Asked for$150K for 10%
- Valuation$1.5Mimplied by the ask
- OutcomeDealwith Michele Romanow
- Final deal$150K for 17.5%valued at $857K
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Manjit Minhas | No offer made | Out |
| Michael Wekerle | No offer made, early in the business | Out |
| Joe Mimran | No offer made, unconvinced by marketplace model | Out |
| Jim Treliving | $150,000 for 20% | Withdrawn |
| Michele Romanow and Arlene Dickinson | $150,000 for 25% jointly | Declined |
| Michele Romanow | $150,000 for 17.5% | Accepted |
Mike McNaught and Will Thompson, from Ottawa, Ontario, asked for $150,000 for a 10% stake in RVezy, an RV sharing marketplace connecting RV owners with renters across Canada. The company had over 200 RV listings nationally, generated $160,000 in gross billings over the previous four months, and takes a service fee from both renter and owner resulting in a gross margin of 10 to 20%. The founders valued the Canadian RV rental market at $12 billion a year and set their own valuation at $1.5 million.
Manjit Minhas, Michael Wekerle and Joe Mimran all declined to invest, citing the early stage of the business and the difficulty of building marketplaces. Jim Treliving offered $150,000 for 20%, while Michele Romanow and Arlene Dickinson made a joint offer of $150,000 for 25%. Mike McNaught and Will Thompson negotiated with Michele Romanow alone, and she agreed to $150,000 for 17.5%, which they accepted.
Pitch details from CBC’s Dragons’ Den pitch page.
RVezy today
- StatusIn businessLast checked September 2026
RVezy is still operating and sells through its website.