Hug Sleep is a Stretch Fabric, Adult Swaddle-Like, Blanket That Provides A Comforting Sleep featured in Shark Tank Season 12 Episode 3.
The founder of this company created a night atmosphere in Shark Tank and asked Shark to invest $150,000 in exchange for 10% equity in his company.
This is a simple sleep pod, which means you can sleep through it for a good long time. If you have a sleep disorder and do not sleep at the right time, then you must try this hug sleep pod once.
In today’s time, not sleeping properly is a very big problem, and there are many people who are going through this problem.
Not falling asleep at the right time is not a simple matter, it is a big deal. Due to this many changes take place in the body which is not good for health.
There are many reasons behind not sleeping, the first reason is that people do not do physical work yet.
Those people still take the help of machines to do any work, through which the human body does not get tired and does not even sleep.
If you look at the people of old times, then there is no such problem with them because they do hard physical work.
What Is Hug Sleep Pod?
Hug Sleep Pods is a Brookfield, Wisconsin, United States-based company manufacturing a sleep pod move. Inc.
This product has been designed keeping in mind the science of deep touch therapy, Sleep Pod’s patented, to provide the right sleep.
There are some special things in this product that help the user to get a sound sleep. First and foremost, it is lightweight & breathable, designed keeping in mind the 4-way stretch fabric.
Apart from all this, it fits with the body and due to this, the user does not feel any kind of Uncomfort.
After wearing it, the user can sleep in any position at the time of sleeping, he will not have problems related to comfort. It is specially designed to solve problems related to sensory disorders, anxiety, and stress.
Hug Sleep Shark Tank Update
|Company Name||Hug Sleep|
|Founder||Angie Kupper And Matt Mundt|
|Product||Stretch Fabric, Adult Swaddle-Like, |
Blanket That Provides A Comforting Sleep
|Asked For||$150,000 For 10% Equity|
|Final Deal||$300,000 For 20% Equity|
|Shark||Mark Cuban And Lori Greiner|
|Episode (Shark Tank USA)||Season 12 Episode 3|
|Business Status||In Business|
|Net Worth 2022 / Valuation||$1.5 Million *Approx|
Hug Sleep Contact Details
|Mobile App||Go To PlayStore|
Who Is The Founder Of Hug Sleep?
The Hug Sleep brand was started by husband and wife Angie Kupper And Matt Mundt. Both of them come from different backgrounds but have a similar purpose. Together, these two developed a product to make people sleep.
When the mother of “Angie” had committed suicide because of her doing something, then she thought that she would help people to get out of mental illness.
After completing her master’s degree in psychology, she worked in mental health care for 10 years.
While doing this work, she came to know how important sleep is for physical and mental wellness. Seeing this need, she thought of making this product.
Matt, a mechanical engineering engineer, spent most of his career in product design, looking for a solution to a sleep problem.
Hug Sleep Before Shark Tank
Hugh Sleep did a lot of good cell generation before Shark Tank. According to the founder’s report, he had generated sales of $335,000 last year.
The lifetime earning of this product is $490,000 which is a big deal. Because this product is solving the problem related to people’s sleep, people are buying the product.
The official address of this company is 17145 W Bluemound Rd STE J-168 Brookfield WI 53005. This product is available on its official website as well as on Amazon and offline retail stores.
This product is made in the United States, this company claims a 30-night sleep guarantee to its users.
Due to its unique product, the Huge Sleep brand has featured on popular websites like Buzzfeed, Fast Company, and Yahoo Lifestyle. It currently has a rating of 3.8 on Amazon.
|Sales Prev Year||$335,000|
|Time Range||16 Months|
Did Hug Sleep Get a Deal on Shark Tank?
Angie Kupper And Matt Mundt, the founders of Hug Sleep, gave their presentations very well on Shark Tank.
He told the shark about the need for this problem, and he also narrated a real-life story of his. To grow his company, the founder asked Shark to invest $150,000 in exchange for 10% equity in the company.
Investors Mark Cuban And Lori Greiner thought deeply about this business and asked the founder about the sale rate.
This company’s sales rate was very good and it was solving people’s problems so Shark invested $300,000 in exchange for 20% equity in the company.
|Mark Cuban||$150,000 for 10% Equity|
|Lori Greiner||$150,000 for 10% Equity|
|Two Shark||$300,000 for Eatch 20% Equity|
|Company Valuation||$1,500,000 *Approx|
What Happened To Hug Sleep After Shark Tank?
After Hug Sleep Pod Shark Tank, their sales were 2x from last year’s sales. The founder had told about this which is a positive sign for this business.
They were marketed for free on National TV, after that a lot of people came to their website on the same day and 10% of them ordered this product.
So the funding he had taken from Shark Tank was used for manufacturing and marketing, after which his business got a boost.
What Is The Hug Sleep Net Worth?
Talking about Hug Sleep’s net worth, its net worth value was $1.5 million after getting the investment. With this investment, he generated very good sales, after which his net worth got a good boost.
We think it could be its net worth of $4 million. We do not have any information about Angie Kupper’s Net Worth and Matt Mundt’s Net Worth yet.
|Hug Sleep’s Net Worth||$1.5 million *Approx|
|Angie Kupper Net Worth||$750,000 *Approx|
|Matt Mundt Net Worth||$750,000 *Approx|
How was the experience in Angie Kupper Shark Tank?
The co-founder of this business Angie Kupper Shark Tank has had a good experience with him, he got a lot of funding.
Her dream is to make a company that completely solves the problems related to sleep. It is still busy with its work.
How was the experience in Matt Mundt’s Shark Tank?
Matt Mundt Shark Tank who is the co-owner of this company has grown his company very well and its sales were also very good.
He had told through an interview that his experience was very good in Shark Tank and he got a lot of advice on business from sharks, and the business grew.
Is Hug Sleep Still In Business?
Hug Sleep is doing business very well at present, however, during the time of COVID19, their product had some impact.
It is currently delivered in the United States and they have sleep pods of both adult and kids sizes.
The cost for the adult’s size has been kept at $99.99 and the cost for the kid’s size has been kept at $89.99.
Next, we will give you information about the Hug Sleep startup.