Many people frequently struggle to get enough sleep. Having trouble getting a good night’s sleep can be caused by feelings of anxiety, fatigue, or tossing and turning. Because they provide people a comforting, hug-enjoy feeling that promotes relaxation and better sleep, weighted blankets have gained popularity as a sleeping aid. However, some people find weighted blankets uncomfortable because they are thick and hot.
Presenting Hug Sleep, a creation of Matt Mundt and Angie Kupper. With its swaddle-like blanket intended to give grownups the reassuring sensation of being embraced, Hug Sleep provides a novel alternative.
Angie and Matt appeared on Shark Tank to showcase their novel Sleep Pod device. When they presented their concept to the Sharks, they requested $150,000 in exchange for 10% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Hug Sleep update to find out!
hug sleep Net Worth Shark Tank Update 2025
Angie Kupper and Matt Mundt asked for a $150k investment in exchange for 10% equity in Hug Sleep. This meant they valued their company at $1.5 million. They made a deal with Mark Cuban and Lori Greiner for $300k in exchange for 20% of their company, which valued Hug Sleep at $1.5 million. After the show aired, Hug Sleep saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Hug Sleep is about $5 million.
Hug Sleep saw significant growth following their Shark Tank participation. The show’s exposure enabled the business to grow to amazing heights. Hug Sleep had already generated $4.1 million in sales in just three months following the episode’s airing. Hug Sleep is still going strong, reportedly having a $5 million net worth.
The creators have added a hooded model and even a kid-specific Sleep Pod to their lineup of products. Hug Sleep’s merchandise can be bought on their website, Amazon, and other stores. The company’s success is still growing, with thousands of good evaluations.
Yes, Hug Sleep was successful in landing a contract on Shark Tank. It’s really uncommon that they received offers from all five sharks! Angie and Matt turned down several offers before accepting one from Mark Cuban and Lori Greiner, who offered $300,000 in exchange for 20% of the company’s shares. Hug Sleep could grow its business because of this deal.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Mark Cuban and Lori Greiner | $300,000 for 20% equity | N/A | Yes |
| Lori Greiner | 1# $150,000 for 15% equity 2# $150,000 for $10% equity 3# $300,000 for 20% equity | N/A | No |
| Kevin O’Leary | $150,000 for 15% equity | N/A | No |
| Daymond John | 1# $150,000 for 20% equity 2# $150,000 for $10% equity 3# $300,000 for 20% equity | N/A | No |
| Mark Cuban | 1# $150,000 for $10% equity 2# $300,000 for 20% equity | N/A | No |
| Robert Herjavec | $300,000 for 20% equity | N/A | No |
| Robert, Daymond and Kevin | $300,000 for 20% equity | N/A | No |
Hug Sleep Shark Tank Update pitch
Angie Kupper and Matt Mundt, a husband and wife duo, established Hug Sleep. The idea originated with Matt, a mechanical engineer, who was having trouble sleeping. After trying weighted blankets, he concluded they were too heavy and heated. With her training in psychology, Angie understood the significance of comfort for those coping with stress or worry.
They collaborated to create the Sleep Pod, a blanket that simulates a hug without adding bulk. They used just $2,500 to launch their company, demonstrating that modest beginnings may cause enormous success.
Angie and Matt introduced themselves and described how their Sleep Pod was made to be lighter and more breathable than a weighted blanket, yet still provide the same calming effects. Their pitch was straightforward but powerful: an adult swaddle that encourages rest and better sleep.
They disclosed they had already generated $490,000 in revenue in just 16 months and requested $150,000 for 10% ownership in their business. Their success and the innovative product instantly piqued the interest of the Sharks.
Every Shark had their own inquiries concerning its products.
Kevin asked about the sales of the product. The couple replied that they launched 16 months ago and their lifetime sales are $490,000.
Lori questioned where they were selling the product. Matt responded that they sell directly to consumers online through their website and Amazon.
Mar Cuban inquired about the cost and the price of the product. Matt revealed it cost around $22.50 to make and sell it for $99.99.
Kevin further questioned their cost of acquisition. Matt responded that it was only $11.50. They run campaigns on Instagram and Facebook.
Daymond John asked what they would do with the investment. The founders responded that because of the high demand for their product, they wanted to increase the inventory.
Did they have any patents? enquired Daymond John. Matt verified they were awaiting a patent on the design.
Admiring the concept, Mark Cuban and Lori Greiner teamed up, contributing $300,000 in exchange for 20% ownership. They had faith in the product’s potential and the entrepreneurs’ capacity to grow the company.
Daymond John, Robert Herjavec, and Kevin O’Leary collaborated to make the same offer, $300,000 for 20% stock.
Angie and Matt evaluated both offers and, given Mark and Lori’s background in growing consumer goods, worked with them.
Product Availability
Users of the Hug Sleep Pod stay cool and comfortable throughout the night because of the material’s 4-way flexibility and soft, breathable construction. Its lightweight construction facilitates a variety of sleeping positions.
The product comes in many sizes for both children and adults, and the manufacturer has added a hooded version. Hug Sleep items are available for purchase on their website Hug Sleep, Amazon, and other stores. With thousands of good reviews praising its capacity to improve sleep quality, the Sleep Pod has become an instant hit. The price range for an edition and size is between $79 and $119.
Conclusion
Hug Sleep is a fantastic illustration of how a straightforward concept can become a major hit. Angie and Matt grew their tiny firm into a multimillion-dollar enterprise by using an inventive solution to address a common issue – insufficient sleep.
Their participation in Shark Tank increased sales and provided them with the backing of two of the most well-known figures in the business world, Mark Cuban and Lori Greiner. Hug Sleep appears to have a bright future with its new products and ongoing expansion. Seeing where they go from here will be fascinating.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
