糖心视频

Online memory-foam mattress retailer has raised another $100 million in funding at a valuation of $1.1 billion, the company announced today.

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The news comes hours after we published that the New York startup was reportedly looking for underwriters to pen a potential initial public offering (IPO).

The new capital comes from existing investors , and , as well as several new investors, including Dani Reiss, chairman and CEO of Canadian, outwear maker and retailer , and , founder and former chairman of . The latest raise takes Casper鈥檚 total funding raised to nearly $ since its inception in 2013.

Casper has also added , former s CEO, and Reiss to its board of directors.

The company did not comment on the IPO rumors but in a press release said it was planning to use the funding toward scaling its retail fleet, wholesale distribution and e-commerce channels. Casper聽told me via email it plans to “invest in R&D… for future product innovation.” It added that its revenue in 2018 topped $400 million, compared to a reported $600 million from its launch date in April 2014 through the end of 2017.听

Interestingly, Casper said聽it has grown revenue by聽$100 million every year since launching. Specifically, it earned $100 million in revenue in 2015鈥攊ts first full year of operating. It then doubled that in 2016 with $200 million in revenue, and then $300 million in 2017. The company currently has 500 employees, compared to 400 last July.

Casper started out selling its mattresses online before opening its own brick-and-mortar 鈥淪leep Shops鈥� across North America last year. Its products also sell at retailers such as Target and Hudson鈥檚 Bay.

For more details on Casper and the mattress industry as a whole, check out our coverage from this morning and last July.

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This story was updated post-publication to include revenue figures provided by the company.