Rachel Elnaugh was the first female dragon to join the panel on the British television series Dragons' Den.
Elnaugh joined the programme during its early years and became one of the most recognisable investors in the show's history. Before appearing on television, she built Red Letter Days, a company selling experience gifts such as driving days, flights and spa visits.
Her tenure on the panel was relatively brief compared with some later investors, which can cause confusion when people remember Deborah Meaden as the show's first woman investor. Meaden joined after Elnaugh and became a much longer-serving panel member.
Elnaugh's Dragons' Den appearances helped establish the idea that the panel could include investors from different commercial backgrounds, not just traditional manufacturing or finance specialists. Her business career also made her a notable example of an entrepreneur becoming an investor on the same programme.