Milwaukee-based startup experiences 10x growth following Shark Tank episode
Brookfield-based startup experiences 10x growth following Shark Tank episode Share Last updated on March 12th, 2021 at 10:54 pm Hug Sleep founder Matt Mundt says his startup did $4 million in sales after the Brookfield-based company’s product Sleep Pod was featured on ABC’s Shark Tank. Mundt, who founded Hug Sleep in 2019, received a $300,000 investment during an October episode of Shark Tank in exchange for a 20% stake in his company. Within the broadcast’s first weeks, Hug Sleep sold out of its entire inventory of 50,000 units, Mundt said. Sleep Pod is a light-weight blanket for trou...
Source: biztimes.com