Carleton chemistry student Nick May has successfully made a deal on CBC’s Dragons’ Den to fund his foamless shaving product, Remay. While fielding offers from four of the dragons, May and his team ultimately settled on a joint deal with Arlene Dickinson and Jim Treliving worth $150,000. In exchange, Remay granted the two dragons 25 per cent of the company. The company was initially looking for $50,000 in exchange for 25 per cent.
May has been developing and marketing his product, which looks like a deodorant stick and is meant to make shaving easier and quicker, for several years. Remay is sold online and across the country in select drugstores. Along the way, May has won several awards for his efforts, including the 2012 Nicol Entrepreneurial Award and in 2013 was named the Enactus Canada Student Entrepreneur National champion.
May’s appearance on the nationally televised Dragons’ Den follows his victory in 2012 in the Dragons’ Den student pitch competition.
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