Hug sleep

What Happened To Hug Sleep Pod After Shark Tank


Are you looking for a unique and innovative way to improve your sleep? If yes, you may go for Hug Sleep Pod without a second thought.

If you are struggling with insomnia, snoring, or just want to boost your sleep game Hug Sleep is the ultimate solution for you.

The idea of the Hug Sleep Pod first appeared on the popular TV show SharkTank. This is a self-contained sleeping pod created to provide a person with a comfortable and secure environment.

Hug Sleep Pod is covered in soft fabric and comes with an adjustable backrest and armrests which you may raise or lower for additional comfort. The unique product guarantees to provide its users with a snug, cosy feeling when they sleep. In this way, the product offers the users optimal restful nights.

The Hug Sleep Pod has a lot of remarkable features that make it unique from other products available in the market. First of all, it comes up with a built-in air circulation system that confirms that fresh air is constantly circulating through the user’s body for additional comfort and proper ventilation while they sleep. Secondly, this is a lightweight product. So, you can easily transport it from one place to another whenever you require.

In this article, we are going to discuss how the Shark Tank investment and the guidance of the sharks helped Hug Sleep Pod to grow. So, stay tuned with us till the end.

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A Short Overview Of Hug Sleep Pod

Hug Sleep Pod

The Hug sleep pod is a cutting-edge device developed by the parent firm that produces sleep pods. Hug Sleep Pod is an adult swaddle that aids Sleep (DTP) by using Deep Touch Pressure’s proprietary technology.

You will be able to unwind your sleeping bag and feel more comfortable with these blanket-like pull-ups. You will fall asleep quickly and sleep longer under pressure.

Hug Sleep Pod was introduced in 2019 and has been growing since its inception. The company sells a variety of products. Sleep Pod Move is one of the most popular products of the company which is available in three different sizes:  The Kids (7-10), The Tween (10-14), and The Adult (S, M, L, XL).

It is proven that cuddling or hugging before bed helps one to have a deeper and more peaceful sleep. Hug Sleep’s Hug Sleep Pod was developed specifically to carry out this goal.

The lightweight pod gives a feeling of being caressed or held by slowly exerting pressure. Compression is more helpful than weight when people face sensory difficulties, stress, or anxiety.

You can get benefits from this therapy if you are facing problems in regulating your body temperature which is creating sleep issues. Hug Sleep assures you to offer a restful night’s sleep by crocheting from stretch fabric in the style of a Swaddle blanket.

The founder of this firm created a nighttime atmosphere during his Shark Tank presentation.

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What Are The Interesting Aspects Of Hug Sleep Pod?

The interesting aspects of Hug Sleep Pod are as follows:

  • Sleep Hug: the idea of a pod from nature to create a revolutionary pod-like blanket cocoon.
  • The science of deep touch pressure enables your body to relax and release tension.
  • Moreover, this is a user-friendly product. It is also breathable. Not only that, you may also wash this product in the machine.
  • The product is made by hand in the USA.

Who Is The Founder Of The Hug Sleep Pod?

Matt Mundt and Angie Kupper are the persons behind the foundation of Hug Sleep. They have two children. Matt has a mechanical engineering background. Moreover, he has spent most of his work as a new product designer.

Angie spent her entire life obtaining a degree in psychology from a famous institution. They used their skills and experience to create Hug Sleep and patent their idea for the Hug Sleep Pod and they named it the Hug Sleep Pod.

What Is The History Behind The Foundation Of The Hug Sleep Pod? 

Angie Kupper and Matt Mundt came up with the idea of the Sleep Pod in 2018/when they realized that there was a high demand for a sleep aid that could imitate the comforting sensation of a hug.

That is why they made up their minds to develop the ultimate stretch textile adult blanket for extra comfort and relaxation and finally set up Hug Sleep.

Although they faced a lot of problems, their relentless perseverance drove them to launch their unique product on the market.

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How Was The Hug Sleep Pod Going Before Shark Tank?

Matt Mundt has faced sleep problems for most of his life. This has been the case for a prolonged time. He found that sleeping became more problematic due to the higher stress levels after graduation and entry into the workforce. He was not only the person who thought that way.

As per the survey conducted by the Sleep Foundation, we have come to know that nearly 30% of United States citizens have faced problems falling or staying asleep.

Matt tried everything so that he could sleep well at night but none of his alternatives worked out. That is why he made up his mind to fix his sleeping problems himself.

He had the necessary knowledge to create a sleep-related product as he had worked on different new product development projects before.

Angie served in the mental health field before. So Angie was well aware of getting adequate Sleep to perform successfully.

Hug Sleep Pods were created in association with this company, and they use the same sleeping psychology as weighted blankets to keep people calm and comfortable while they sleep.

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How Was The Shark Tank Pitch Of The Hug Sleep Pod?

Matt and Angie came up on Shark Tank intending to get an investment of $150,000 in exchange for a 10% stake in their business, Hug Sleep Pod.

Mark Cuban and Lori Greiner were ready to invest $300,000 in exchange for a 20% stake in Hug Sleep Pod. The couple readily accepted the offer.

What Occurred To The Hug Sleep Pod After Shark Tank?

The Hug Sleep Pod was flooded with new orders after the Hug Sleep Shark Tank episode because of their marketing efforts and positive customer feedback.

The company received a profit margin of nearly 45% by selling the product at $22.50 and $99.99. The increase in orders was due to their website and Amazon, which they administered. The internet, especially Amazon, is the primary source of money from selling items.

The company was introduced in 2019 and sold products for $69.99. In this way, it had made $490,000 in profits within 16 months after its inception. They became successful only because of their entrepreneurial spirit and determination.

They will only offer their products on their website, starting at $110 per product. The company had assets of $1,500,000. The Shark Tank transaction was very helpful for which the company got $300,000 in exchange for a 29% stake.

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Hug Sleep Pod Shark Tank Update

The deal between Hug Sleep Pod and Sharks was completed a few days after the Hug Sleep Shark Tank episode was aired.

The sales of Hug Sleep Pod increased remarkably after their appearance on Shark Tank. The estimated annual revenue of Hig Sleep Pod is supposed to be one million by the end of 2023.

Did Hug Sleep Get a Deal on Shark Tank?

Hug Sleep is the brainchild of Angie Kupper and Matt Mundt. They gave a remarkable presentation on the Hug Sleep Pod on Shark Tank.

They shared with the sharks the requirement for this issue and they also described a real-life story. The founders appealed to the sharks for an investment of $150,000 in exchange for a 10% stake in the company, Hug Sleep Pod, so that they could grow their business.

The sharks Mark Cuban and Lori Grenier thought about this business deeply and wanted to know about the sale rate from the founders.

The sales rate of the company was very good and it was originally fixing the problems of people. That is why Mark Cuban and Lori Grenier made up their minds to invest $300,000 in exchange for a 20% stake in the business. The founders accepted the proposal happily.

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Is Hug Sleep Pod Still Active In Business?

Yes, Hug Sleep Pod is still active in the business. It is still a profitable business. The website of the company is still functional.

Not only that, the offices of the company situated in Brookfield and Wisconsin are still working.

The websites of Hug Sleep Pod provide cocoon-shaped sleep pods for adults and children. You may also buy the product on Amazon.

Matt and Angie, the husband and wife co-founders of the company are still employed in the company.

Eight Sleep provides a much more advanced pod design that would be a fantastic alternative for people who are looking to have a good night’s sleep.

The services of the company are incorporated into the mattress and pod. They include climate control, wake-up technology, and sensors that monitor your vital signs. Besides this, Cocoon provides a wide range of sleeping solutions and other products.

Indeed, all these products are generally for travelling and camping, and their lightweight sleeping bags for tropical environments are identical to those listed earlier.

The guidance of the sharks, Mark Cuban and Lori Grenier helped the founders to grow their business. Not only that the company is still surviving smoothly due to the devotion and business skills of the founders.

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What Is The Net Worth Of The Hug Sleep Pod?

When the founders of the Hug Sleep Pod represented the company on Shark Tank, the valuation of the company was $1.5 million. As of 2023, the approximate net worth of the Hug Sleep Pod is $5 million. The company is still active in business and running smoothly. It is generating a good amount of revenue still now.

How Was The Experience Of Angie Kupper On Shark Tank?

The co-founder of this business Angie Kupper has had a good experience with her appearing on Shark. She got a lot of funding.

Her dream was to make a company that would be capable of solving all the problems related to sleep. It is still busy with its work.

How Was The Experience Of Matt Mundt On Shark Tank?

Matt Mundtwho is the co-owner of this company has developed his company very well and its sales were also very good.

He had shared in an interview that his experience on Shark Tank was very good and he got a lot of advice on business from sharks, and the business prospered.

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Does Hug Sleep Pod Have A Patent?

Yes, the Hug Sleep products are patent-protected. The fine print on the company website lists three specific patent numbers and other protections to make sure that no one can legally rip off their design and concept.

Hug Sleep Pod are intended to be distinct from weighted blankets as per the reviews of a lot of customers.

The company claims that the Sleep Pods provide gentle, calming pressure to offer comfort, soothe anxiety, and lead to relaxation.

The company initially started to sell Sleep Pods which wrap around the wearer like a cocoon. After that, they added the Sleep Pod Move to allow for feet to be free. There is also a hooded Sleep Pod Move to provide extra warmth for the head.

In addition to the Sleep Pods, Hug Sleep now provides loungewear along with soft joggers and hoodies in men’s and women’s sizes.

Mundt said in the Sleepopolis interview with Greiner and Cuban that both of them are just business titans. They always have great advice and great tips.

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Final Opinion

The Hug Sleep Pod has grown rapidly and successfully since its appearance on Shark Tank. Lori and Mark, who invested their money in their product, continuously helped them so that they could grow their business through marketing and various aspects of the business. The founders of Hug Sleep Pod managed to grow their sales to more than $1 million within a very short time. The Shark Tank investors, Mark Cuban and Lori Grenier and the founders of the company continue to work together to grow the brand and boost profits through marketing strategies. The couple loves this business, and it is clear that they had no problems expanding it.

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Where can I purchase the Hug Sleep Pod?

You can purchase the Hug Sleep Pod by visiting the official Hug Sleep website. The product is also available on e-commerce platforms like Amazon. You may also buy the product from select offline retail stores.

What is the price of the Hug Sleep Pod? 

The price of the adult-sized Hug Sleep Pod is $99.99. On the other hand, the price of the kid’s kid-size Hug Sleep Pod is $89.99.

How does the Hug Sleep Pod differ from conventional weighted blankets?

The Hug Sleep Pod uses compression in place of weight to give deep-touch pressure. This distinctive strategy ensures you to give a comfortable and restful sleep experience, unlike conventional weighted blankets that can be hot and hard to clean.

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