Hex Pegs
DealA multi-purpose caravan and camping peg that are drilled into and out of the ground using any type of drill or impact driver
Pitched by Damian Joyce
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The Shark Tank Australia pitch
- A$80K
- Asked for
- 20%
- Offered equity
- A$400K
- Sought valuation
- A$80K
- Deal amount
- 40%
- Deal equity
- A$200K
- Deal valuation
Damian Joyce brought Hex Pegs into the Shark Tank Australia in season 4, episode 12, pitching a multi-purpose caravan and camping peg that are drilled into and out of the ground using any type of drill or impact driver.
They asked the sharks for A$80K for 20% of the company. That valued the business at A$400K.
Hex Pegs reached a recorded on-air agreement with Glen Richards at A$80K for 40%. This records the accepted terms, not confirmation that funding was completed.
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