Jordan Daykin, Dragon’s Den’s youngest ever entrepreneur to receive investment has exceeded his £1.5m Crowdcube target in five days
The crowdfunding campaign for Gripit Fixings only opened on Monday and has received over 500 separate backers, following Daykin’s decision to invest in the industrial machinery required to keep up with international demand.
According to the release, the company has been receiving “large orders from the US and Australia”.
GripIt Fixings – recently featured on Dragons’ Den Pitches to Riches – manufactures a universal fixing designed for plasterboard installation for everything from curtains to radiators.
Daykin came up with the idea for GripIt in 2008 while installing curtain rails with his grandfather. The patented idea took off when Daykin was only 14 in 2009, and since then, the product is now sold in over 3,000 stores across the UK – including B&Q, Wickes, Screwfix and Currys – and is available in 33 countries.
Investor Deborah Meaden said: “GripIt is a rare combination of a great solution-led product driven by a truly smart entrepreneur. I am not surprised by the success but the speed at which the market has adopted GripIt speaks volumes about the opportunity for further growth.”
Daykin’s most recent Tweet on the subject suggests the company is only £40k away from their £2m target.