Major Canadian sleep retailer Sleep Country has signed an agreement to purchase a 25 percent stake in Sleepout, a Toronto-based startup specializing in portable blackout curtains. A spokesperson from Sleepout told BetaKit Sleep Country acquired the 25 percent stake for $500,000 CAD.
Launched in January, Sleepout is a direct-to-consumer business that works to help people sleep better with its Sleepout Curtain, a patented portable blackout curtain that can be installed anywhere to completely darken a room.
Co-founders Mark Coombs and Hannah Brennen said the company was born out of Coomb’s insomnia, and his discovery that total darkness was the best solution to get a restful night’s sleep.
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