Hug Sleep Blanket Update | Shark Tank Season 12
Angie Kupper and Matt Mundt created a swaddle-like blanket for adults to help them sleep. They say it gives the feeling of being hugged. Will they wrap up a deal on
If you’re short on time, here’s a quick overview of what happened to Hug Sleep after
Hug Sleep appeared on
| Shark: | Result: |
| Lori Greiner and Mark Cuban | Accepted deal of $300,000 for 20% equity |
| Kevin O’Leary, Daymond John, and Robert Herjavec | $300,000 for 20% equity |
Shark Tank Hug Sleep Update
- Entrepreneur: Angie Kupper and Matt Mundt
- Business: An adult swaddle-like blanket to promote better sleep
- Ask: $150,000 for 10% equity
- Result: $300,000 for 20% equity
- Shark: Mark Cuban and Lori Greiner
Husband and wife Angie and Matt, brought their company, Hug Sleep to
Sleep Pod is made from a soft, specialized breathable 4-way stretch material that doesn't trap heat and keeps you cool and comfortable. It accommodates all types of sleepers and sleeping positions. Fully covered, side sleeper, pillow between your knees, half covered, back sleeper, and more!
As the pitch progressed, the couple invited Robert Herjavec to give their Sleep Pod a try. He slipped it on, but ended up falling and getting a bloody nose!
Despite Robert’s mishap, he shared that it was very comfortable to be in. Lori Greiner gave it a try next, and she enjoyed having it on as well.
The sharks were impressed to learn that the company was started with just $2,500. Angie and Matt also shared that in the 16 months prior to filming, they netted $490,000.
While many companies receive an offer or two during their time in the tank, Hug Sleep would grab the interest of all 5 sharks! After each shark made individual offers, they eventually teamed up to present two group offers.
The first to team up were Mark Cuban and Lori, offering $300,000 for 20% equity. Next, Kevin O’Leary, Daymond John, and Robert teamed up to make the same offer.
Following a few moments for Angie and Matt to consider their options, they accepted the deal from Mark and Lori, but what happened next? Keep reading our Hug Sleep update to find out!
We have great news to share in our Hug Sleep update! The company is still in business and appears to be doing well.
In recent years, weighted blankets and compression items have become wildly popular. Especially with the rise of anxiety disorders and isolation.
Three months after airing, Hug Sleep had amassed $4.1 million in sales, and by 2023, the company listed a net worth of $5 million. That’s a pretty great Hug Sleep update considering they started with $2,500!
Since the original product launched, they’ve expanded their product line with a hooded version, and a Sleep Pod for kids. It’s no surprise that the company has thousands of good reviews on Amazon.
If you’d like to try their products for yourself, you can get them on the Hug Sleep website, Amazon, or through various other retailers.
For updates on other products that appeared on Season 12 Episode 3, check out the links below:
For even more on companies and products, be sure to stop by our Season 12 products page!
Shop the Shark Tank Recap Store
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!