Bug Bakes Net Worth 2024 Update (Before & After Dragons’ Den)
Bug Bakes, Insect Protein Dog Food, was started by Ross Lamond in September 2016. As of 2024, Bug Bakes net worth is £500,000 and they’re pulling in a whopping £77,700 in annual revenue.
In March 2020, they appeared on Season 11th of Dragons’ Den UK and made a deal with Touker Suleyman, for £50,000 for 50% of equity. The final valuation was £100,000, down from the founder’s initial estimate of £500,000.
Bug Bakes’ commitment to more sustainable dog food continues with the packaging. They are still in business. You can buy their products on the company website.
Bug Bakes Net Worth
Net worth | £500,000 |
Annual Sales Revenue | £77,700 |
Profits | N/A |
Lifetime sales | N/A |
Investor | Touker Suleyman |
Founder | Ross Lamond |
Employees | 5 |
Bug Bakes Net Worth Timeline
Net Worth 2024 | £500,000 |
Net Worth 2022 | £500,000 |
Net worth valuation 2020 after appearing on Dragons’ Den | £100,000 |
Net worth valuation 2020 before appearing on Dragons’ Den | £500,000 |
Bug Bakes Pitch on Dragons’ Den
Company name | Bug Bakes |
Product | Insect Protein Dog Food |
Episode | Season 17 Episode 11 |
Founder | Ross Lamond |
Asked for | £50,000 For 10% Equity |
Final deal | £50,000 For 50% Equity |
Dragon | Touker Suleyman |
Location | UK |
Bug Bakes Founder
Bug Bakes was founded by Ross Lamond in 2016. He was a student at the University of Glasgow. According to pet business world when he learnt to pet food industry makes up a large portion of the meat industry in the UK . Bug Bakes’s founder, Ross Lamond, has a net worth of £100,000 as of 2024.
Key accomplishments:
Year | Accomplishment |
2016 | Founded Bug Bakes |
2020 | Appeared on Dragons Den season 17 |
Conclusion:
From their beginnings on Dragons’ Den to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Bug Bakes and its continued success.
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