# Leesa Sleep

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

- Industry: Consumer Products
- Headquarters: Virginia Beach, US
- Website: www.leesa.com
- Total disclosed funding: $23M
- Latest round: Series B (Jul 24, 2017)
- Investors on record: 1

## About

Leesa Sleep, LLC is a mattress company focused on creating high-quality sleep solutions, including hybrid and memory foam mattresses, designed to enhance customer comfort and support for a better sleep experience.Founded in 2014 and headquartered in Virginia Beach, US, Leesa Sleep, LLC specializes in the design and manufacture of premium mattresses. The company has undergone a strategic acquisition; in March 2023, Leesa was acquired by 3Z Brands, a portfolio company of Cerberus Capital Management, to leverage its direct-to-consumer mattress platform. The current CEO is Michael Akrop, who has been integral to the company's growth and development.Leesa specializes in the design and manufacture of high-quality hybrid and memory foam mattresses, including the Original, Sapira Hybrid, and Legend Hybrid models, catering to diverse consumer preferences. Additionally, they offer bedding solutions such as sheet sets, mattress protectors, and adjustable pillows, targeting consumers in North America, Europe, and Australia to enhance their sleep quality.Leesa generates revenue primarily through direct-to-consumer sales via their website, allowing customers to purchase individual mattresses and associated bedding products through an e-commerce model. The pricing for flagship products like the Original and Sapira Hybrid mattresses is competitive within the premium category, reflecting their quality commitment. Promotional campaigns and seasonal discounts may also be utilized to boost sales, especially during events like their Fourth of July Sale.Following its acquisition in March 2023, Leesa Sleep, LLC aims to leverage the resources of 3Z Brands to expand its product offerings and enhance its direct-to-consumer platform. Future initiatives may include designing and launching new mattress models, although specific products and release dates are not disclosed. The acquisition supports further market penetration and expansion into new regions, driven by the strategic alignment with 3Z Brands' capabilities.

## Funding rounds

- Series B, Jul 24, 2017, $23M — One Better Ventures

## Investors

- One Better Ventures (https://capitalatlas.ai/funds/one-better-ventures) — Series B