Slumber Bump
About this raise
Slumber Bump, with a $5 million pre-money valuation, is raising funds on Mr Crowd. The company has created a product, slumberBUMP, that assists in sleep positioning and works as an alternative therapy for snoring and sleep-disordered breathing. It helps people who snore to sleep on their side rather than their back to control snoring. Slumber Bump was founded by Dr Shad L. Morris in May 2013. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the funds will be used towards increased production of slumberBUMP, marketing, hiring, research & development, and working capital. The product has helped many patients to be happier, more energetic, better drivers, and function better at work.
Investment Overview
Not Funded: $0
Deal Terms
Company & Team
Company
- Year Founded
- 2013
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $199,139
- Monthly Burn
- $840
-
Runway
- 4.5 months
- Gross Margin
- 89%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
05/01/2020 | Mr. Crowd | $5,000,000 | $0 | Equity - Common | Not Funded | RegCF |