Which businessman became a Dragon's Den investor after replacing Simon Woodroffe?

Theo Paphitis became a Dragon's Den investor after replacing Simon Woodroffe.

Paphitis joined the British programme's investor panel for its second series. He was already known as a retail entrepreneur, having built business interests associated with brands including Ryman, Robert Dyas and Boux Avenue. His retail experience shaped the kind of pitches he often examined, especially products requiring distribution, stores or consumer marketing.

Simon Woodroffe, the founder of the Yo! brand, was one of the original dragons but left after the first series. Paphitis therefore became part of the show's early transition from its launch panel to a revised group of investors.

The timing is sometimes confused with later arrivals such as Deborah Meaden, who joined after Paphitis. The programme has used a rotating panel, so identifying the relevant series is important when comparing its dragons. Paphitis later became one of the show's most recognisable recurring investors.