Which investor left Dragons' Den after series 4 and was replaced by James Caan?

Richard Farleigh left Dragons' Den after series 4 and was replaced by James Caan.

Richard Farleigh is an Australian-born investor and former fund manager who appeared as a dragon during the programme’s early years. He was known for discussing financial returns, business growth and the risks involved in taking equity stakes.

Farleigh’s departure came after the fourth series. James Caan then joined the regular investor panel, creating another change in the line-up during the programme’s early development.

Farleigh is also remembered for investing alongside Peter Jones in Levi Roots’ Reggae Reggae Sauce pitch. That association can cause confusion with other former dragons, particularly Theo Paphitis and Duncan Bannatyne, who also appeared in the early seasons but left at different times. The series-four change specifically concerns Farleigh and Caan.