Nailsea entrepreneur secures £75k from Dragons’ Den show
- Credit: Archant
Multi-millionaire Touker Suleyman has invested thousands in a Nailsea business after a North Somerset entrepreneur impressed on Dragons’ Den.
Chris Frappell appeared before the dragons on the BBC show on Sunday, asking for £75,000 to kick-start his business, in return for a 10 per cent share of Tru-Tension.
Chris, aged 26, is the founder of the firm, which makes motorcycle products, and he was keen to get Mr Suleyman on board to utilise his contacts in the cycling world.
Touker offered Chris the total amount in return for a 25 per cent share of Tru-Tension, which the young entrepreneur accepted.
He said: “I wanted Touker on board because of his contacts in the cycling world. I felt he would be the best for our business.
“Touker is now a director of Tru-Tension and owns 25 per cent. We’re working closely together and I’m making use of his contacts.
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“Touker is great. He’s really down to earth and very energetic and he’s really keen to get going with the brand. His black book has opened many doors with the contacts he’s got.
“Everything has happened so quickly since securing investment from Touker, it’s been a pleasure to work with him and his experienced team who have added so much value in such little time.
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“Our brand will soon be available in Halfords and many other national retailers, with many new products now on the horizon much sooner than we could have hoped.”
Tru-Tension produces a wide range of products for all kinds of motorcyclists, from tools and cleaning products for commuters and adventure bike riders, to lubricants and accessories for high performance racing.
Mr Suleyman said: “Chris should be immensely proud of the brand he has built with very little external help. It’s very impressive.
“Now it’s time for us to take things to the next level. Watch this space.”
Dragons’ Den was filmed in May, but Chris was unable to reveal his success until the show aired.
He said: “I’m very pleased to be able to finally tell people about it. I’d already celebrated with a few family members when we secured the deal.
“Ever since the programme aired, my phone has been ringing non-stop. It’s been amazing.”