$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
KD Dao and Sheryl Song from Toronto, ON, pitched Ryna in Season 17, Episode 3, asking the Dragons for $500K for 5% of the company.
- Asked for$500K for 5%
- Valuation$10Mimplied by the ask
- OutcomeDealwith Robert Herjavec
- Final deal$1M for 10%valued at $10M
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Michele Romanow | No offer, wants more competitive advantage to justify $10 million valuation | Out |
| Arlene Dickinson | Does not like the valuation | Out |
| Wes Hall | $500,000 for 5% (original ask), later withdrew in favor of others' offers | Withdrawn |
| Manjit Minhas | $500,000 for 5% | Declined |
| Robert Herjavec | $1,000,000 for 10% | Accepted |
Sheryl Song and KD Dao, of Toronto, pitched Ryna, a managed real estate marketplace that matches renters with compatible roommates via an algorithm and partners with property management companies, asking for $500,000 for 5%. The company partnered with 15 large real estate companies in its first 12 months with a two-person sales team, charges landlords a transaction fee equivalent to one month's rent plus a 10% annual service fee, made $350,000 in revenue the prior year with a 52% net margin, and was on track for $1.2 million in revenue that year.
Michele Romanow and Arlene Dickinson went out over the $10 million valuation. Wes Hall initially offered the full ask of $500,000 for 5% but withdrew it after other offers came in. Manjit Minhas offered $500,000 for 5%. Robert Herjavec offered $1,000,000 for 10%, which the founders accepted.
Pitch details from CBC’s Dragons’ Den pitch page.
Ryna today
- StatusIn businessLast checked September 2026
Ryna is still operating and sells through its website.