# Eve Sleep

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eve-sleep

- Industry: Consumer Products
- Headquarters: Birmingham, UK
- Website: http://www.evesleep.co.uk
- Total disclosed funding: $23M
- Latest round: Series B (Oct 7, 2016)
- Investors on record: 4

## About

Eve Sleep Inc., based in the UK, specializes in retailing high-quality mattresses and sleep-related products, providing consumers with innovative solutions for better sleep.Eve Sleep Inc. was founded in 2015 and is headquartered in Birmingham, UK. The company focuses on the direct-to-consumer retail of mattresses and sleep products. In May 2017, Eve Sleep Inc. raised GBP 35 million in an IPO, which marked a pivotal point for the company as it transitioned to an publicly traded entity. The IPO involved selling 34.58 million shares at GBP 1.01 per share, valuing the company at approximately GBP 140 million. All VC investors exited their stake in the company during this transaction. The firm has completed a total of 8 deals since its inception. The current CEO and founder information is not available.Eve Sleep specializes in sleep-related products, particularly focusing on hybrid mattresses, bed frames, pillows, and bedding accessories. A standout offering is the Eve Wunderflip, a premium hybrid mattress that features full-sized pocket springs combined with multi-layered high-tech foams. This mattress allows users to customize their sleep experience by adjusting firmness levels. Eve Sleep targets a diverse customer base in the UK and select regions across Europe, emphasizing the importance of sleep hygiene and comfort through their product offerings and guidance.For the most recent year, Eve Sleep reported a revenue of GBP 32,373,108.20 with an EBITDA of GBP -2,311,770.50, indicating the financial performance metrics of the business during 2020.Following their IPO in May 2017, Eve Sleep Inc. plans to utilize the raised GBP 35 million funding primarily for marketing initiatives and expanding its reach into new markets. The company targets geographical expansion into the Netherlands, Italy, Poland, Austria, and Switzerland. This strategic expansion aims to enhance its presence in Europe, supported by recent funding efforts.

## Funding rounds

- Series B, Oct 7, 2016, $8.9M — DN Capital, Channel 4, Woodford Patient Capital Trust, Octopus Investments
- Series B, Jul 18, 2016, $9.1M — DN Capital, Channel 4, Octopus Investments
- Series A, Nov 18, 2015, $3.8M — DN Capital, Octopus Investments
- Seed, May 11, 2015, $0.3M — Octopus Investments
- Seed, Mar 31, 2015, $0.6M — DN Capital

## Investors

- DN Capital (https://capitalatlas.ai/funds/dn-capital) — Seed, Series A, Series B
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Seed, Series A, Series B
- Channel 4 — Series B
- Woodford Patient Capital Trust — Series B