Eight Sleep Raises $86M in Series C
Eight Sleep has successfully raised $86M in a Series C at a $500M valuation led by Khosla Ventures, Valor Equity Partners.
Company Overview
Eight Sleep is a HealthTech company headquartered in New York, NY, founded in 2014 with 150+ employees.
Smart mattress and sleep technology
Fundraising Details
- Amount Raised: $86M
- Round Type: Series C
- Valuation: $500M
- Date: 2021-11-11
- Investors: Khosla Ventures, Valor Equity Partners
About Eight Sleep
Smart mattress and sleep technology The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: New York, NY
- Founded: 2014
- Team Size: 150+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Eight Sleep's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Eight Sleep's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $500M valuation marks an important milestone for Eight Sleep, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Eight Sleep is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-11-11. For more information about Eight Sleep, visit their headquarters at New York, NY.
