What Happened to Hug Sleep Pod After Shark Tank?
What is a Hug Sleep Pod?
Hug Sleep Pod is an adult swaddle that employs a novel technology known as Deep Touch Pressure to assist clients in sleeping better (DTP).
The Sleep Pod is made of 89 percent polyester and 11 percent Lycra, so it’s comfy and cool without drenching you in sweat. It is lightweight, easily folds or rolls up for travel, and is machine washable.
Hug Sleep was created by Matt and Angie, a husband and wife team. Matt has a mechanical engineering degree and has spent the most of his career as a new product designer. The Sleep Pod, unlike a weighted blanket, is tiny, portable, and comes in three sizes.
The cocoon shapes of the Hug Sleep Pod envelopes you in soothing, comfortable pressure that helps lower heart rate and relaxes muscles.
The Sleep Pod is elastic and flexible, even though it is encased within. You may even bring your pillow inside the room. It is thought to be good for people who suffer from anxiety, sleep apnea, and other sleeping problems.
It even has a hole for people who want to sleep with one foot out of the blanket in order to control their body temperature.
Who are the founders of the Hug Sleep Pod?
Hug Sleep was founded by Matt and Angie, a husband and wife team. After exhausting all of his options for getting a good night’s sleep, Matt decided to try to address his sleep difficulties.
Because he was a new product developer by trade, he had the appropriate basis to begin building a product for a good night’s sleep.
The Hug Sleep Pod works by putting pressure on your skin. It’s similar to the concept behind weighted baby blankets.
The pod is a bag made of 91% polyester and 1% Lycra. When you step inside, soothing pressure is applied to your body, helping you to fall asleep.
It’s as though you’ve slipped inside a cocoon. It worked for Matt and his wife, and he is confident that it will work for everyone else.
The Pods are available in three sizes based on height and weight: small, medium, and big. You can use a cushion between your knees with or without a blanket if you bring one inside.
When it comes time to wash, there is no special care required; simply put it in with the regular wash. Each pod costs $89.99 and is available on Amazon.
What Happened to Hug Sleep Pod’s Shark Tank Pitch?
Matt and Angie Mundt hope to snuggle up to a Shark in Shark Tank episode 3 seasons12, with Hug Sleep, their sleep pods that envelop adults like infants, to assist them with production and manufacturing.
Matt and Angie entered the Shark Tank pitch seeking $150,000 for a 10% stake in their firm, worth $1.5 million.
Angie explains how compression may help with anxiety and how they want a Shark that was interested in assisting individuals with anxiety and other mental health issues.
The Sharks are smitten by the couple’s low customer acquisition costs and 41 percent profit margins.
Despite the fact that Robert fell and hurt himself while testing it out, the Sharks as a whole make proposals.
Then Mark and Lori team together to make a $300,000 offer with 20% equity share.
Daymond, Robert, and Kevin join forces and make the same proposition.
They chose Lori and Mark after a brief period of contemplation and exit the pitch with a deal.
What Happened to Hug Sleep Pod After Shark Tank?
After the show, the deal with Lori and Mark was finalized, and Matt and Angie left the pitch with a deal. As is traditional, they were deluged with orders in the aftermath of this episode’s transmission
They achieved $4 million in sales after appearing on Shark Tank, according to the update.
In March 2021, they unveiled the Sleep Pod Move, a sleep pod that lets customers to slip their feet out of the bottom (Robert would have liked that). As of December 2021, annual revenue is $1 million.
Hug Sleep Pod’s Competitors
Hug Sleep Pod has a slew of competitors in the market. Gravity, Zucklight, Pzizz, The Bed Tent, Sleepedy, and The Pod by Eight Sleep, Proper, and Sandland are among them.
Hug Sleep Pod’s Net Worth
The firm was valued at $1.5 during the pitch and after Lori and Mark invested. Since then, the firm has done well in sales, with annual revenue of $1 million in 2021.
Hug Sleep Pod FAQs
What is Hug Sleep Pod made of?
Hug Sleep Pod is made of 91% polyester and 1% Lycra. When patients step inside, soothing pressure is applied to their bodies, helping them to fall asleep. It’s as though they’ve slipped inside a cocoon.
Why did Matt need a Shark?
Matt needed a Shark because he lacked manufacturing and production expertise. Also, he needed lots of orders in order to make the business profitable.
It’s difficult to find investors who are interested in putting out the financing for manufacturing and manufacturing facilities.
Where is Hug Sleep Pod made?
It is made in Boston, Massachusetts.
What are the sizes of Hug Sleep Pod?
Hug Sleep Pod comes in three sizes: small (up to 5’2″), medium (up to 6′), and big (over 6′).
Does Hug Sleep Pod work for all adults?
No, not all adults can sleep with it. Some are too tall or it can be too narrow for them. One’s body type and weight play part in whether or not the product is suitable.
How big is Hug Sleep Pod?
The small Hug Sleep Pod is enough to sleep at home or in a hotel room, while the big Hug Sleep Pod can accommodate two adults, including carry bags and pillows.
How does Hug Sleep Pod help you sleep?
Hug Sleep Pod protects the body from, for example a pillow that may leave indentations on the skin when patients rest against it. It also provides pressure points as they sleep to lower heart rate and relax muscles.
Is it safe for kids to sleep with Hug Sleep Pod?
No. It is not recommended for children to sleep with it as even adults may get sick using it every day for a long period of time.
How does it work?
It works by putting pressure on the skin. It’s similar to the concept behind weighted baby blankets.
What is the size of Hug Sleep Pod?
The Hug Sleep Pod is the size of a large beach towel.
How much does Hug Sleep Pod weight?
Pods come in three sizes, small, medium, and big, based on the height and weight, ranging from 3 pounds to 5 pounds.
How do you fold Hug Sleep Pod?
Hug Sleep Pod can be folded like a daisy chain or rolled up. It is made of elastic and flexible, so it can fit inside a suitcase.
How long does it take to fall asleep with Hug Sleep Pod?
Hug Sleep Pod puts person to sleep within 15 to 20 minutes, depending on their situation and the size of the pod.
How many people fit in a Hug Sleep Pod?
Two people can fit inside the medium and big size of Hug Sleep Pod.
What are the benefits of Hug Sleep Pod?
Hug Sleep Pod helps insulate the body from body heat, reduces the heart rate, decreases muscle tension, and assists with falling asleep.
Can you wash it?
It is machine washable and does not have an odor. It is built for durability, so it can be very well washed in a washing machine or dryer.
Can you heat Hug Sleep Pod?
Hug Sleep Pod is not made to be heated up so people cannot use it in a sauna or in a warmer.
When is Hug Sleep Pod not recommended?
Hug Sleep Pod is not recommended for people who have sensitive skin or get sick easily, since it may increase the chances of getting sick.
Where can you buy Hug Sleep Pod?
One can buy the Hug Sleep Pod on Amazon, where at current rate of $89.
How does Hug Sleep Pod work?
The Hug Sleep Pod works by putting pressure on the skin. It’s similar to the concept behind weighted baby blankets.
Is it comfortable to sleep with Hug Sleep Pod?
It is very comfortable to sleep with Hug Sleep pod and one can easily fall asleep within 15 to 20 minutes.
Is a Hug Sleep Pod better than weighted blankets?
Hug Sleep Pod is better than weighted blankets because it is lighter and small which means it one can carry and travel with it easily.
Can you sleep inside Hug Sleep Pod?
Yes, people just have to close their eyes and hug the Hug Sleep Pod. This will make the pod relax their body and put them to sleep faster.