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Somnifix - mouth tape

SomnifixDidn't CloseHealth & WellnessS10E20

Pitch Details

Season / Episode

S10E20

Apr 21, 2019

Ask

$500,000

for 10%

Ask Valuation

$5M

Deal

$500,000

for 20%

Watch the Pitch

Deal Terms

Amount$500,000
Equity20%
Valuation$2.5M
Mark CubanMark Cuban

What Happened Next

Deal Fell Through

Deal with Cuban did not finalize during due diligence. No specific reason publicly documented.

Thriving
  • Mouth tape strips for better sleep/nasal breathing pitched on Shark Tank Season 10; no deal
  • Grew significantly as mouth taping became a mainstream wellness trend
  • Available at CVS, Walgreens, Amazon, and other retailers
  • Benefited enormously from the James Nestor book 'Breath' popularizing nasal breathing
  • Revenue grew to multi-million dollars annually

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