Subeo Submarine Net Worth 2022 – What Happened After Dragons’ Den?
Guy Seymour and Robert Leeds didn’t expect to see a full blown argument amongst the investors when they step into the Dragons’ Den.
The panel of Dragons started arguing amongst each other about financial terms as the two founders of Subeo Submarine looked on.
Subeo Submarine has an estimated net worth today of around $500k.
What happened to the company after the show and did they get the investment they asked for? Find out all you need to know in today’s article.
What is Subeo Submarine?
Subeo is a company that makes small state of the art under water vehicles.
The team at Subeo has created an underwater vehicle that can dive 50 meters underwater. Other water vehicles can dive to depths of up to 300 meters.
The purpose of the vehicles is to allow divers to explore parts of the ocean at great depths that you can’t reach with standard diving equipment or gear. The target is for private individuals who want to explore the ocean as well as marine biologists for research purposes.
Who is the Founder of Subeo Submarine – What’s Its Net Worth?
The founder of Subeo Submarine is Robert Leeds who is also the managing director of the company.
Guy Seymour who appeared on Dragons’ Den with Robert is one of the engineers for the submarines and owns his own company called Seymour Designs and Analysis.
Subeo Submarine’s estimated net worth is estimated at less than $500k.
Is Subeo Submarine Popular?
The Subeo submarine is extremely popular because they are designed for private use.
They are luxury private submarines that allow people to explore the ocean. Subeo has a three seater personal submarine called the Gemini that can dive to depths of 100 meters with a speed of 7 knots.
Subeo’s Gemini submarine is equipped with emergency, underwater communication and navigation systems.
Dragons Den Appearance – Did the Deal Go Through?
The founder of Subeo Robert Leeds and his partner Guy Seymour appeared on Dragons Den in 2019 and pitched their idea for their personal submarines. Robert and Guy asked for a £1.45m investment with a 45% equity stake in Subeo.
After looking at the prototype of the submarines and discussing how much profit Subeo would make, the Dragon investors declined the offer for the duos investment.
The Dragons were confident that the duo had an excellent product but felt that it was too much of a financial risk based on their figures.
Final Thoughts
While the company’s website does need an upgrade, Subeo is still in business and you can purchase your own personal submarine such as the Aquarius.
The company does have a catalogue so you can see the specifications of their personal submarines. You can contact Subeo for full specifications and pricing.
Would you buy your own personal submarine if you had the cash? And what do you think of the Dragons’ decision not to invest in Subeo? Leave us a comment below and tell us your thoughts on Subeo and if you think the Dragons’ decision to not invest was a mistake.
