Casper closes $170M Series C funding round led by Target
Global sleep company Casper announces the close of a $170M Series C investment round. The new investment was led by Target and includes Tresalia, IVP, Norwest, Lerer Hippeau Ventures, NEA, and Irving Capital. High-profile entertainers and athletes also join the round - including Kevin Spacey, Curtis "50 Cent" Jackson, Carmelo Anthony, Kyrie Irving, Shaun White, and Andre Iguodala - bringing the total funding to date to $240M. The company will expand its R&D capabilities with the launch of a design lab in San Francisco, a facility and engineering team dedicated to developing new products to complete the Casper ecosystem - from re-designed soft goods to the future of connected sleep. The funding will also enable the digitally-first brand to traverse online and offline distribution at scale.