Stanford-StartX Fund-backed smart mattress manufacturer Eight Sleep has increased its total funding to almost $65m following a $40m series C round led by Founders Fund.
Eight Sleep, a US-based advanced mattress producer backed by Stanford-StartX Fund, completed a $40m series C round yesterday led by Founders Fund.
Craft Ventures, Khosla Ventures, Y Combinator and 8VC filled out the round together with private investors Ryan Petersen, founder of freight forwarding company Flexport, and Kevin Hartz, co-founder and chairman of event ticketing app Eventbrite.
Founded in 2014 as Luna, Eight Sleep has developed a smart mattress that tracks data such as heart and respiratory rates as well as body temperature, automatically regulating temperature to improve sleep quality.
The series C funding will allow Eight Sleep to double its headcount, grow its retail footprint and strengthen its research and development activities. Trae Stephen, partner at Founders Fund, will join the board of directors.
Khosla Ventures previously led a $14m series B round in March 2018, with participation from Y Combinator and Yunqi Partners.
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
