Tech Company Financing Transactions

Casper Sleep Funding Round

On 6/23/2015, Casper Sleep raised $55 million in Series B funding from IVP, Lerer Hippeau and New Enterprise Associates.

Transaction Overview

Company Name
Casper Sleep
Announced On
6/23/2015
Transaction Type
Venture Equity
Amount
$55,000,000
Round
Series B
Investors

IVP (Lead Investor)

Lerer Hippeau (Benjamin Lerer)

New Enterprise Associates (Anthony Florence)

Norwest Venture Partners (Josh Goldman)

Queensbridge Venture Partners

Rainfall Ventures

Slow Ventures

SV Angel

Proceeds Purpose
Company CEO Mr. Krim said the 75-employee startup would use the new funding to ramp up production of mattresses and to strengthen its supply chain overall so that it can enable on-demand delivery to customers beyond New York. It also has plans to go international, and the company is in the process of deciding where to open its European headquarters, he said. In the near future, it will sell pillows and sheets in addition to its latex and memory foam mattresses, as well.

Company Information

Company Status
Publicly-held
Industry
Consumer
Mailing Address
45 Bond St. 2
New York, NY 10012
USA
Phone
(888) 498-0003
Website
www.casper.com
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: 6/23/2015: Enigma venture capital transaction
Next: 6/23/2015: Ankasa Regenerative Therapeutics venture capital transaction

 

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