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Casper

casper.com

Founded Year

2014

Stage

Line of Credit | Alive

Total Raised

$420.05M

Valuation

$0000 

Last Raised

$80M | 11 days ago

Revenue

$0000 

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+60 points in the past 30 days

About Casper

Casper manufactures mattresses and sells them directly to consumers. It provides an e-commerce platform that offers mattresses, pillows, bed frames, sheets, dog mattresses, bedding, and related accessories, providing customers with delivery and shipping at all locations throughout the country. The company was founded in 2014 and is based in New York, New York.

Headquarters Location

3 World Trade Center, 39th Floor 175 Greenwich Street

New York, New York, 10007,

United States

888-498-0003

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Expert Collections containing Casper

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Casper is included in 4 Expert Collections, including Direct-To-Consumer Brands (Non-Food).

D

Direct-To-Consumer Brands (Non-Food)

1,192 items

Startups selling their own branded products directly to consumers through owned e-commerce channels, rather than relying on department stores or big online marketplaces.

E

E-Commerce

9,879 items

H

Home Goods & Furniture

594 items

Tech-enabled companies offering services and products focused on furniture, home accessories, and interior design. This collection includes direct-to-consumer (D2C) startups, peer-to-peer (P2P) marketplaces, and 3D & AR/VR visualization tools, among others.

T

Tech IPO Pipeline

568 items

Casper Patents

Casper has filed 1 patent.

The 3 most popular patent topics include:

  • Buddhism
  • Graphical projections
  • Technical drawing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/22/2019

2/8/2022

Epistemological theories, Philosophy of science, Empiricism, Epistemology of science, Perception

Grant

Application Date

4/22/2019

Grant Date

2/8/2022

Title

Related Topics

Epistemological theories, Philosophy of science, Empiricism, Epistemology of science, Perception

Status

Grant

Latest Casper News

SECOND AVENUE CAPITAL PARTNERS AND TIGER FINANCE PROVIDE $80 MILLION CREDIT FACILITY FOR CASPER SLEEP, INC.

Nov 17, 2022

PR Newswire BOSTON, Nov. 17, 2022 /PRNewswire/ -- Second Avenue Capital Partners, LLC ( SACP ) and Tiger Finance ( Tiger ) announced the closing of an $80 million credit facility for Casper Sleep, Inc. ( Casper ), the omnichannel retailer of innovative sleep products including mattresses, pillows, and other sleep accessories. The new financing will be used to retire an existing credit facility and support the ongoing working capital needs of the business. "The choice of lenders is a vital component to the overall strategy, and SACP and Tiger share our vision." AD AD Launched in 2014, Casper disrupted the industry and quickly grew into one of the most recognizable mattress brands. The company sells products to consumers in North America through its e-commerce platform, retail partners, and Casper-branded stores. In January 2022, Durational Capital Management, LP ( Durational ) acquired the company in an all-cash deal to take the company private, ushering in a new era of growth and innovation. "When we acquired Casper, we were excited to partner with Emilie Arel, CEO of Casper, and the team to strengthen their position as an industry-leading brand," stated Eric Sobotka, Managing Partner at Durational. "We believe the choice of lenders is a vital component to the overall strategy, and SACP and Tiger share our vision for the company. Their extensive consumer expertise allowed them to provide a thoughtful financing solution that supports Casper and drives long-term value." "As a Schottenstein affiliate, we leveraged our deep knowledge of the furniture sector when structuring a debt solution for Casper," stated Mike Sullivan, Managing Director of SACP, the facility arranger and agent for the transaction. "Durational and the Casper team have an exciting strategy to take this already iconic company to the next level. Teaming with Tiger to provide a customized unitranche term debt solution allows the management team to focus their attention on future innovation and driving long-term growth." "We've partnered with SACP in the past to produce exceptional results for our borrowers," said Andy Cerussi, Managing Director of Tiger Finance. "With Casper, we see a strong brand, well-recognized in the market, setting a new standard in sleep innovation. We are excited to leverage our deep retail and brand experience to support the Durational and Casper teams." About Second Avenue Capital Partners – Second Avenue Capital Partners, LLC (SACP) ( www.sacp.com ), a Schottenstein Affiliate, specializes in asset-based loans for the broader retail and consumer products industry. Serving middle-market companies, SACP leverages the experience of retail operators, product merchants, and lenders to deliver an array of customized, capital solutions. A unique merchant perspective gives SACP the ability to recognize and unlock value in assets other capital providers often overlook or do not understand. The firm's tailored financial solutions are a vital resource for clients seeking capital to effectuate strategy and achieve financial objectives. SACP is headquartered in Boston with additional offices in New York, Columbus, and Los Angeles. AD AD About Tiger Finance – Tiger Finance is a division of Tiger Capital Group, which specializes in the provision of secured debt financing and equity investments, as well as comprehensive appraisals for the ABL industry and the disposition of consumer and industrial assets. www.tigerfinance.com About Casper – Casper believes everyone should sleep better. The Sleep Company has a full portfolio of obsessively engineered sleep products—including mattresses, pillows, bedding, and furniture designed in-house by the Company's award-winning R&D team at Casper Labs. In addition to its e-commerce business, Casper owns and operates Sleep Shops across North America and its products are available at a growing list of retailers. casper.com About Durational Capital Management, LP – Based in New York, Durational Capital Management, LP is an investment firm that invests in high-quality consumer companies. Durational approaches its investments with a strategic mindset and focuses on driving long-term value creation through its partnership with top-tier management teams and actively supporting management to drive operational improvements. The firm was founded in 2017, and its investment professionals have extensive experience investing in the consumer sector. www.durational.com View original content: https://www.prnewswire.com/news-releases/second-avenue-capital-partners-and-tiger-finance-provide-80-million-credit-facility-for-casper-sleep-inc-301681042.html

Casper Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Casper Rank

Casper Frequently Asked Questions (FAQ)

  • When was Casper founded?

    Casper was founded in 2014.

  • Where is Casper's headquarters?

    Casper's headquarters is located at 3 World Trade Center, 39th Floor, New York.

  • What is Casper's latest funding round?

    Casper's latest funding round is Line of Credit.

  • How much did Casper raise?

    Casper raised a total of $420.05M.

  • Who are the investors of Casper?

    Investors of Casper include Second Avenue Capital Partners, Tiger Finance, Durational Capital, Norwest Venture Partners, New Enterprise Associates and 34 more.

  • Who are Casper's competitors?

    Competitors of Casper include eve Sleep, Purple Innovation, Helix Sleep, Blue Sleep, Brooklinen and 13 more.

Compare Casper to Competitors

Brooklinen Logo
Brooklinen

Brooklinen aims to deliver simple, beautiful home essentials at a fair price. By cutting out the middleman, the company bypasses costs like wholesaling, storefronts and designer licensing fees that have no bearing on quality.

Helix Sleep Logo
Helix Sleep

Helix Sleep offers personalized mattresses for individuals and couples that are made to order and delivered to the customer's doorstep.

L
Leesa Sleep

Leesa is an online luxury mattress company that is providing comfortable, direct-ship mattresses and as well as a social impact program.

W
Wispere

Wispere is a Bristol, UK-based online mattress in a box company.

Luuna Logo
Luuna

Luuna, founded in 2015, is a mattress e-commerce startup that sells foam mattresses.

W
Wright Sleep

Wright Sleep is a mattress and bedding manufacturer, which sells it products online. The brand plans to sell its own fitted sheets that are tailored to fit on the bed, hassle-free, with special snaps.

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