Slumber Bump

Slumber Bump

Closed: Apr. 2020

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.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Mr. Crowd
Start Date
10/01/2019
Close Date
05/01/2020
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$5,000,000

Company & Team

Company

Year Founded
2013
Industry
Healthcare & Pharmaceuticals
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
St. George, Utah
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Founder Name
Shad Morris
Title
Owner

Funding data not publicly available

Financials

 Revenue
$199,139
 Monthly Burn
$840
 Runway
4.5 months
Gross Margin
89%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$199,139

$145,481

COGS

$22,013

$64,887

Tax

$4,243

$1,643

 

 

Net Income

$-10,083

$-22,924

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,784

$10,209

Accounts Receivable

$0

$0

Total Assets

$7,769

$13,809

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
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Add to portfolio
Slumber Bumb on Mr. Crowd
Platform: Mr. Crowd
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $100.00

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