The mattress provider, which is reportedly preparing to go public, has secured $100m in funding from investors including existing backer Target.
US-based mattress provider Casper has raised $100m in funding from investors including retail chain operator Target, valuing it at $1.1bn, Bloomberg reported yesterday.
Venture capital firms Norwest Venture Partners, New Enterprise Associates and, according to TechCrunch, Institutional Venture Partners (IVP) also took part in the round along with angel investors Dani Reiss and Gordon Segal. It increased the company’s overall funding to $340m.
Casper provides high-end memory foam mattresses in addition to adjacent products such as bedding, pillows and bed…
