A SKINCARE and sun lotion company has received a major cash boost after appearing on TV's Dragons' Den.
Tancream, co-founded in 2017 by Gillian Robson and Katy Foxcroft, scooped a £75,000 investment after appearing on the BBC 2 show.
Tancream, based in Easingwold, manufactures the 'world’s first' premium sun cream that includes SPF 50, UVA five-star protection, instant bronzer, anti-ageing benefits and is also a daily moisturiser.
Gillian said: “Many people want to look like they have a tan, but are concerned about the long-term skin damage that the sun’s rays can cause.
“Tancream means they can protect their skin from harsh UVA and UVB rays while still gaining and maintaining a healthy glow.”
The pair offered a 10% stake in the business and the patent-pending product to the Dragons, in return for the investment.
After facing questions from the Dragons and a comment from Tej Lalvani explaining how he thought the product seemed “quite generic”, the pair received an offer of the full £75,000, in exchange for a 25% share in the business from Peter Jones.
However, the entrepreneurs opted to team up with new Dragon Sara Davies, and Touker Suleyman, who proposed to split the £75,000 investment, in exchange for an equal 12.5% stake.
Katy said: “Our experience in the Den was so terrifying and a huge risk in case they turned us away but they were so complimentary about our business and innovation we needn’t have worried”
After being diagnosed with skin cancer, company co-founder Gillian noticed a gap in the market for a product which offered the UV protection of sun cream combined with self-tanning, anti-ageing and moisturising properties.
Gillian, together with co-founder and director Katy, worked with industry experts and the UK’s top suncare specialists for more than three years to develop a solution.
Tancream blends sunscreen and sunless tanning agents to create a face and body lotion.
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