Coconut brand Cocofina have managed to gain an investment of £75,000 thanks to the BBC TV show Dragons’ Den.
Entrepreneur and coconut enthusiast Jacob Thundil founded Cocofina whilst on holiday in Brazil in 2004, the company manufactures a range of goods using raw coconut ingredients from food and drink all the way through to health and beauty products.
After impressing all five of the dragons, Jacob was persuaded to accept an offer for 20% of his business from Sarah Willingham and Nick Jenkins. 10% more than he expected.
The duo offered him £75,000 for 20% equity in the business with an agreed option for Jacob to buy back 10% of this after 12 months.
The impact of appearing on the show and gaining investment has seen the company gain new listings with premium lifestyle retailer Lakeland with Cocofina products now available the stores nationwide across the UK.
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