Somnifix Shark Tank Net Worth (Updated 2026).

Somnifix, a revolutionary sleep aid product, first gained national attention when it appeared on the popular TV show Shark Tank in 2021. The founders, a husband-and-wife team passionate about solving sleep issues, pitched their innovative nasal strips designed to improve sleep quality by opening nasal passages and promoting better airflow. The unique design and promising results caught the attention of the Sharks, leading to a successful investment and a significant boost in the company’s visibility.

Somnifix Shark Tank’s Current Net Worth (2025)

As of 2025, Somnifix Shark Tank’s current net worth is estimated to be around $15 million, according to the latest available data. This figure is largely attributed to their successful appearance on Shark Tank, where they secured a deal with Kevin O’Leary, and the subsequent growth of their sleep aid product.

Career

Somnifix Shark Tank, founded by Mike K undredge, is a sleep technology company that gained prominence after appearing on Shark Tank in 2019. The company specializes in creating innovative sleep solutions, with their flagship product being the Somnifix Mouth Tape, designed to prevent snoring and improve sleep quality.

Other Ventures

In addition to their sleep aid products, Somnifix Shark Tank has also ventured into other health and wellness categories. They have launched a line of natural sleep supplements and are currently developing a smart sleep tracker, further expanding their presence in the market.

Assets

Somnifix Shark Tank’s assets primarily include their intellectual property, such as patents and trademarks related to their sleep aid products. They also own a robust e-commerce platform and have established partnerships with major retailers. The company’s inventory and manufacturing facilities are additional significant assets.

Annual Income

Somnifix Shark Tank’s annual income has seen steady growth since their appearance on Shark Tank. In 2021, their annual revenue was reported to be around $10 million, with projections indicating continued growth in the coming years. This income is derived from the sales of their sleep aid products and supplements, as well as potential licensing and partnership deals.

Frequently Asked Questions about  Somnifix Shark Tank

**

Frequently Asked Questions: Somnifix Shark Tank Net Worth

**

**

1. What is Somnifix?

**

Somnifix is a medical-grade adhesive tape designed to keep your mouth closed while sleeping, preventing snoring and improving sleep quality. It was created by Dr. Jason Park, a dentist, and his business partner, Justin Kwan.

**

2. When did Somnifix appear on Shark Tank?

**

Somnifix appeared on Shark Tank in Season 12, Episode 11, which aired on February 19, 2021.

**

3. How much did the founders ask for in the Shark Tank pitch?

**

Dr. Jason Park and Justin Kwan asked for $500,000 in exchange for a 10% equity stake in their company, valuing Somnifix at $5 million.

**

4. What deal did they get on Shark Tank?

**

They received an offer from Kevin O’Leary for $500,000 in exchange for a 20% equity stake, but they countered at 15%. After some negotiation, they agreed to a deal of $500,000 for a 17.5% equity stake.

**

5. What is the latest estimated net worth of Somnifix?

**

As of the latest information, the estimated net worth of Somnifix is around $20 million.

**

6. How has Somnifix grown since appearing on Shark Tank?

**

After their appearance on Shark Tank, Somnifix experienced significant growth. They have expanded their product line, including Somnifix Sleep Strips and Somnifix Kids, and have partnered with major retailers like CVS and Walmart.

**

7. What are the main ingredients in Somnifix tape?

**

The main ingredients in Somnifix tape are medical-grade adhesive, hypoallergenic materials, and essential oils like lavender and peppermint to help promote relaxation and better sleep.

**

8. Is Somnifix FDA-approved?

**

Yes, Somnifix is FDA-registered and manufactured in an FDA-registered facility. However, it is not FDA-approved as it is not a medical device or drug.

**

9. Does Somnifix have any clinical studies or research backing its effectiveness?

**

Somnifix has conducted a clinical study with 100 participants, which showed that 80% of users experienced less snoring or stopped snoring altogether while using the product. The results were published on their website.

**

10. Where can I buy Somnifix?

**

Somnifix is available for purchase on their official website (somnifix.com), as well as major retailers like CVS, Walmart, and Amazon.