$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Kevin McLaughlin from Toronto, ON, pitched Zygg E-Bikes in Season 16, Episode 1, asking the Dragons for $1M for 15% of the company.
- Asked for$1M for 15%
- Valuation$6.67Mimplied by the ask
- OutcomeNo deal
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Manjit Minhas | Went out, felt the valuation was too high and the risk too great for the ask | Out |
| Wes Hall | Went out, concerned about the capital intensity of the business | Out |
| Michele Romanow | Went out, did not see a path to the returns needed for the ask | Out |
| Jelena Adzic | Went out, felt it was too early stage for the amount requested | Out |
| Joe Mimran | Went out, agreed the valuation was too high for the stage of the business | Out |
Kevin McLaughlin, of Toronto, ON, pitched Zygg E-Bikes, an electric bike subscription service, asking for $1M for 15%. The company offers customers monthly subscriptions to e-bikes rather than requiring a large upfront purchase, and Kevin McLaughlin shared figures on subscriber numbers, revenue and growth to support the valuation.
All five Dragons, Manjit Minhas, Wes Hall, Michele Romanow, Jelena Adzic and Joe Mimran, declined to invest, citing concerns about the high valuation relative to the stage of the business and the capital-intensive nature of the subscription model. Kevin McLaughlin left without a deal.
Pitch details from CBC’s Dragons’ Den pitch page.
Zygg E-Bikes today
- StatusStatus unknownLast checked September 2026
We haven’t confirmed whether Zygg E-Bikes is still operating.