Somnia+ makes a Twin-XL bed expansion kit for dorm rooms. Founders Brennan Hellmers and Sloane Barry generated $188,000 in their first year and secured a deal with Barbara Corcoran.
What Is Somnia+?
Somnia+ is a bed expansion kit designed specifically for dorm room Twin-XL beds. The product extends the sleeping surface, solving a common complaint among college students about the cramped standard dorm bed.
The Shark Tank Pitch
Brennan Hellmers and Sloane Barry sought $100,000 for 5% equity. First-year revenue was $188,000.
The Deal
Barbara Corcoran invested $100,000 for 17.5% equity.