Target invested a reported $75m to lead the series C round, which will fund the expansion of the bedding maker's distribution and R&D activities.
US-based mattress producer Casper closed a $170m series C round led by retailer Target yesterday that, according to the New York Times, valued it at $750m.
Target, which invested $75m according to a Recode report last month, was joined by Tresalia, IVP, Norwest Venture Partners, Lerer Hippeau Ventures, New Enterprise Associates (NEA) and Irving Capital.
The round was filled out by angel investors including actor Kevin Spacey, basketball players Carmelo Anthony, Andre Iguodala and Kyrie Irving, snowboarder Shaun White…
