Rachel Elnaugh became the first female Dragon on the UK television series Dragon's Den.
Elnaugh was an entrepreneur and the founder of Red Letter Days, an experience-gift company. She joined the original Dragon's Den panel when the British version launched in 2005, making her the first woman to serve as a Dragon on the UK programme.
Her business sold vouchers for experiences such as driving, flying and leisure activities. The company became closely associated with Elnaugh's television profile, although it later encountered financial difficulties and entered administration. This business history is why references to Elnaugh often mention both Red Letter Days and her role on Dragon's Den.
Elnaugh's position as the first female Dragon is distinct from later milestones. Deborah Meaden was another prominent female investor who joined the programme later, while Sara Davies and Kelly Hoppen arrived in subsequent panel changes. The wording therefore identifies Elnaugh's pioneering place on the original UK panel.