![]() In April 2016, Casper sued three mattress review websites which had written negative reviews of Casper products. On July 13, 2018, Casper announced they are now available to try and purchase at Nordstrom. The concept store, located just behind its Manhattan flagship in Greenwich Village. In July 2018, Casper announced the launch of the Dreamery, a “physical sleep experience” that will let city dwellers book 45 minutes of downtime in one of its nine private rooms. In June, they announced a partnership with the Hudson's Bay Company to begin selling Casper products at 16 Hudson's Bay stores, 26 Home Outfitters stores and in Canada. In April 2018, Casper announced that they would be opening stores in four Canadian provinces over twelve months, beginning with two Toronto locations in spring 2018. In February 2018, Casper's first permanent store opened in New York City. In January 2018, Casper opened temporary nap pods inside of seven Indigo Books and Music locations in Canada. However, the partnership ended in October 2017, with Leesa replacing Casper. In June 2016, Casper began selling their mattresses at West Elm stores in the United States and Canada. After the shutdown of Van Winkle's, Casper announced a quarterly lifestyle magazine, Woolly. Ĭasper published Van Winkle's, a news website focusing on sleep until November 2018. The transaction completed in January 2022 and Casper's stock was delisted from the New York Stock Exchange. In November 2021, Casper announced that it had entered into a definitive agreement to be acquired by Durational Capital Management. Additionally, the company announced that Greg Macfarlane, Casper’s CFO and COO, would depart the company in May. ![]() In April 2020, Casper announced the winding down of its European operations and laid off 21% of its staff (78 people) after a poor IPO performance and declining revenues due to the COVID-19 pandemic. On March 31, 2020, its stock dropped to $4.12 per share, translating to a market value of $163 million, down from its $1.1 billion valuation in March, 2019. On February 6, 2020, it went public at $12 per share, translating to a market value of $476 million, listing on New York Stock Exchange under the ticker CSPR. Securities and Exchange Commission declaring their intention to IPO under the ticker CSPR. On January 10, 2020, Casper Sleep Inc filed an S-1 with the U.S. With the new round of funding, the company was valued at $1.1 billion, according to Bloomberg and Casper Sleep. Dani Reiss also entered the startup's new independent board directors along with Karen Katz (board member of Under Armour and former CEO of Neiman Marcus Group). In early 2019, Casper Sleep received a $100 million Series D funding from its existing investors Target, NEA, IVP, and Norwest Venture Partners, as well as new sponsors Dani Reiss of the Canada Goose Holdings and Gordon Segal of Crate & Barrel. Casper also announced later in April that they would be opening up a Canadian office in Toronto, along with a manufacturing facility in the country. In April 2018, Casper Sleep partnered with American Airlines to design pillows, blankets and other products for the airline's passengers. In September 2017, Casper collaborated with American Airlines to provide a full suite of sleep products. The Series C funding included participation from Tresalia, Institutional Venture Partners, Norwest Venture Partners, Lerer Hippeau Ventures, New Enterprise Associates, and Irving Investors. Led by Target Corporation, the company raised $170 million in Series C funding in June 2017. The Series B funding included participation from celebrity investors: Tobey Maguire, Leonardo DiCaprio, Scooter Braun, Adam Levine, and Pritzker Group Venture Capital. Led by Institutional Venture Partners, the company raised $55 million Series B venture funding in June 2015. In November 2014, Casper expanded its delivery from the contiguous United States to include Canada. On April 22, 2014, Casper officially launched In August 2014, an additional $13.1 million was received in Series A funding, including investments from New Enterprise Associates, Ron Conway’s SV Angel, Ashton Kutcher's firm, A-Grade Investments, fashion designer Steven Alan, Queensbridge Venture Partners, and the investment group of musical artist Nas. The round was led by Lerer Ventures and Norwest Ventures and also included funding from Crosslink Partners, Vaizra Investments, and Correlation Ventures. In January 2014, the company raised $1.85 million in its first round of funding. Luke Sherwin, Jeff Chapin (previously of IDEO), and Gabriel Flateman. Casper was launched in April 2014 by Philip Krim (previously of The Merrick Group,, and ), Neil Parikh, T.
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