Tech Company Financing Transactions

Casper Sleep Funding Round

Casper Sleep closed a $170 million Series C funding round on 5/26/2017. Backers included Target, private investors and IVP.

Transaction Overview

Company Name
Announced On
5/26/2017
Transaction Type
Venture Equity
Amount
$170,000,000
Round
Series C
Investors

Target (Lead Investor)

private investors (Andre Iguodala)

private investors (Carmelo Anthony)

private investors (Curtis Jackson)

private investors (Kevin Spacey)

private investors (Kyrie Irving)

private investors (Shaun White)

IVP

Lerer Hippeau (Benjamin Lerer)

New Enterprise Associates (Anthony Florence)

Norwest Venture Partners

Tresalia

Proceeds Purpose
The new investment will accelerate Casper's industry-leading product innovation. The company will expand its R&D capabilities with the launch of a design lab in San Francisco, a facility and engineering team dedicated to developing new products to complete the Casper ecosystem -- from re-designed soft goods to the future of connected sleep. The funding will also enable the digitally-first brand to traverse online and offline distribution at scale.

Company Information

Company Status
Publicly-held
Industry
Consumer
Mailing Address
45 Bond St. 2
New York, NY 10012
USA
Email Address
Not Recorded
Overview
An obsessively engineered mattress at a shockingly fair price. Try sleeping on a Casper (NYSE: CSPR) for 100 days, with free delivery and painless returns.
Profile
Casper Sleep LinkedIn Company Profile
Social Media
Casper Sleep Company Twitter Account
Company News
Casper Sleep News
Facebook
Casper Sleep on Facebook
YouTube
Casper Sleep on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Philip Krim
  Philip Krim LinkedIn Profile  Philip Krim Twitter Account  Philip Krim News  Philip Krim on Facebook
Chief Operating Officer
Neil Parikh
  Neil Parikh LinkedIn Profile  Neil Parikh Twitter Account  Neil Parikh News  Neil Parikh on Facebook
Chief Technical Officer
Gabriel Flateman
  Gabriel Flateman LinkedIn Profile  Gabriel Flateman Twitter Account  Gabriel Flateman News  Gabriel Flateman on Facebook
Co-Founder
Luke Sherwin
  Luke Sherwin LinkedIn Profile  Luke Sherwin Twitter Account  Luke Sherwin News  Luke Sherwin on Facebook
VP - Product Management
Jeff Chapin
  Jeff Chapin LinkedIn Profile  Jeff Chapin Twitter Account  Jeff Chapin News  Jeff Chapin on Facebook


 

 

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Prev: 5/26/2017: Reali venture capital transaction
Next: 5/26/2017: Fallbrook Technologies venture capital transaction

 

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About Our Venture Capital Transactions Database

We do our best to report on every notable VC transaction. VC investment data records on this site come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.

 


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