New York, New York – Bed-in-a-box firm Casper has raised $100m to fund its retail outlets, wholesale distribution and e-commerce channels.
‘We are in the very early chapters of our growth story,’ said Philip Krim, CEO and co-founder at Casper. ‘Today’s financing accelerates our vision to become the world’s largest end-to-end sleep company.’
The privately held company, which is based in Delaware, claimed to have had revenue of $400m in 2018.
In addition, it has appointed Karen Katz, former CEO of US retailer Neiman Marcus, and Dani Reiss, CEO of clothing brand Canada Goose, as independent directors.
Katz said: ‘Casper has revolutionised the process of buying a mattress by making the shopping experience easy, transparent and enjoyable.’