Target has led a $75m funding round for Casper, which is targeting a final close of at least $100m.
US-based mattress manufacturer Casper has collected $75m in funding from a consortium led by retail chain Target, according to Recode.
Lerer Hippeau Ventures, Institutional Venture Partners (IVP) and New Enterprise Associates (NEA) have also supplied cash to the round, which has a target size of at least $100m. Casper is aiming to raise the remaining capital from new investors.
Target had initially made a $1bn acquisition bid for Casper but when the two companies could not agree on the terms,…
