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Dragons' Den Failures: Umbrella Vending Machine and More

10/26/2025

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Summary

Story summary

Umbrolly Charles Ejogo pitched an umbrella vending machine on Dragons' Den in 2005, seeking £150,000 for 20%, but the deal fell through and the business shut down in 2010.
Foldio, Christian Lane's stationary folder, secured investment but ceased trading in 2015.
Matthew Hazell's First Light Solutions, marine safety technology, closed six years after its Dragons' Den appearance.
Emmie Matthews and Ed Stevens' Gaming Alerts Limited lasted four years after funding.

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Story summary

Umbrolly Charles Ejogo pitched an umbrella vending machine on Dragons' Den in 2005, seeking £150,000 for 20%, but the deal fell through and the business shut down in 2010.
Foldio, Christian Lane's stationary folder, secured investment but ceased trading in 2015.
Matthew Hazell's First Light Solutions, marine safety technology, closed six years after its Dragons' Den appearance.
Emmie Matthews and Ed Stevens' Gaming Alerts Limited lasted four years after funding.