Hug Sleep Pod Shark Tank Update

Angie Mundt and Matt Mundt aim to warm up to a Shark on Shark Tank episode 1203, where they will be demonstrating Hug Sleep, their sleep pods that swaddle adults like newborns. 

Matt began to have difficulty sleeping during his college years.

When he entered the workforce, the situation deteriorated rapidly. He became irritable as a result of this. 

Because he was looking for a solution, he conducted some research and developed the Hug Sleep Pod.

Using the HugSleep Pod, you can layer pressure on your skin, making sleeping more comfortable. Weighted blankets are similar to the reasoning behind their usage.

Pod bags are primarily made of polyester and have small lycra for stretch. You fall asleep faster once you slip into it, as it applies soothing pressure to your body.

It’s as though you’ve slipped into a cocoon. Matt and his wife found it to be effective, and he believes it will be effective for everyone.

You can choose from three pod sizes based on your height and weight: small, medium, and large.

You can always use a pillow between your knees, even if you always have a blanket with you.

If you need to wash it, you don’t need to do anything special; just throw it in the ordinary wash.

You can purchase the pods on Amazon for $89.99 apiece. Angie and Matt are probably seeking a Shark to assist production and manufacturing. 

Does a Shark have a chance of getting into this pod?

What Is Hug Sleep Pod?

The Hug sleep pod is an innovative product designed by the parent company manufactures sleep pods. 

You will be able to relax and sleep snugly inside your sleeping bag with the help of these blanket-like pull-ups.

You will fall asleep faster and sleep longer if you are under pressure.

The company started in 2019 and has been growing ever since. This company offers several products, including the Sleep pod move, available in three sizes.

Having a cuddle or a hug before you go to bed has been shown to help you fall asleep more deeply and restfully. The Hug Sleep Pod from Hug Sleep has been specifically created to achieve this goal.

Hug Sleep Pod Shark Tank Update

The lightweight pod simulates being caressed or held by gently exerting calming pressure. Individuals with sensory issues, anxiety, or stressful situations benefit from compression rather than weight.

You will benefit from this treatment if your sleep problems are caused by an inability to control your body temperature.

Hug Sleep delivers a comfortable night’s sleep since it is knitted from stretch fabric shaped like a Swaddle blanket. 

A nighttime environment was created during the founder of this company’s appearance on Shark Tank.

Company NameHug Sleep Pod
EntrepreneurAngie Kupper And Matt Mundt
ProductStretchy fabric provides a swaddle-like, comforting sleep for adults
Investment Asking For$150,000 For 10% equity in Hug Sleep Pod
Final Deal$3000,000 For 20% equity in Hug Sleep Pod
SharkMark Cuban And Lori Greiner
Episode Season 12 Episode 3
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Hug Sleep Pod?

Matt and Angie, a husband and wife partnership, founded Hug Sleep in 2010. They have two children. 

Matt has a mechanical engineering background and has worked as a new product designed for most of his professional life.

Angie has spent her entire life pursuing a degree in psychology. They developed Hug Sleep and patented their concept for the Hug Sleep Pod based on their combined knowledge and experience.

Hug Sleep Pod Before Shark Tank

Matt Mundt has experienced sleep problems throughout his life. This has always been the case.

Sleep became much more difficult after graduation and entering the working world as stress rose. He’s not the only one.

A study conducted by the Sleep Foundation estimates that 30 percent (a conservative estimate) of the population in the United States has trouble falling asleep and/or staying asleep.

Matt attempted to get a decent night’s sleep, but after exhausting all of his options, he decided to solve his sleeping problems.

He had the right background to begin building a sleep-related product since he has worked on many new products in the past.

Angie, who has worked in mental health, understood how important it is to get enough sleep to perform well.

Sleep Pod was developed jointly with this company, utilizing the same psychology as a weighted blanket to keep users feeling comfortable and at ease while sleeping.

How Was The Shark Tank Pitch Of Hug Sleep Pod?

Matt and Angie appeared on Shark Tank seeking an investment of $150,000 in exchange for a 10% stake in Hug Sleep Pod.

Angie describes how compression can help people suffering from anxiety and that they are seeking a Shark dedicated to helping those suffering from anxiety and other mental illnesses.

These Sharks are enamored with the couple’s 41 percent profit margins and low client acquisition cost.

Although Robert took a tumble and cut himself while testing it out; the other Sharks seem interested.

Mark and Lori then combine their efforts to make a $300,000 bid for 20 percent of the company. Kevin, Robert, and Daymond all offer the same thing to the same person. 

They finally decide on Lori and Mark after deliberating for a moment.

Final Deal: Lori Greiner and Mark Cuban agreed to invest $300,000 for a 20% stake in Hug Sleep Pod.

What Happened To Hug Sleep Pod After Shark Tank?

Hug Sleep Pod website was immediately inundated with new orders following their shark tank exit due to their marketing efforts and positive customer feedback.

The order was delivered on time, and profit was realized. Its cost price is $22.50, and its selling price is $99.99, resulting in a profit margin of around 45%.

These orders came from both their website and Amazon, which they managed. The primary revenue stream from sold goods is the internet, especially Amazon.

They started the firm in 2019 and discovered that they generated a profit of $ 490,000 in 16 months, even though each item cost $69.99.

They are now only available for purchase on their website, with $110 for one.

As a result of the shark tank deal, in 2020, the company, which received $300,000 for a 20 percent ownership, had $1,500,000.

Hug Sleep Pod Shark Tank Update

The deal between Lori and Mark with Hug Sleep Pd was completed. They were overwhelmed with orders in the days after the broadcast of this episode, as has been the case in the past.

An update segment will be included in episode 1216, in which we will see how they handled the situation. Since it appeared on Shark Tank, the company has made 4 million dollars in sales.

The Beebo Shark Tank Update

Sleep Pod Move was released in March of 2021, the sleep pod that you can slide your feet out of. Hug Sleep Pod’s annual revenue as of February 2022 is around one million dollars.

Is Hug Sleep Pod Still In Business?

Hug Sleep is still in business and operating successfully, with a live website and offices in Brookfield, Wisconsin.

You can purchase cacoon-shaped sleep pods from their website for adults and children. You can also purchase the device from Amazon.

Also, Matt and Angie, who are husband and wife team co-founders, are still employed by the company.

Hug Sleep Pod Shark Tank Update

The sleep pod design sold by Eight Sleep, a more advanced competitor, would be an excellent option for those looking for a good night’s sleep.

The company’s services, which are embedded into both the mattress and the pod, include climate management, wake-up technology, and sensors that monitor your vital signs.

Cocoon also offers a variety of sleeping solutions and its other products. These products are primarily for travel and camping, but their lightweight sleeping bags for tropical locations are very similar to the other products mentioned.