Member Article

Startup eve Sleep closes eight-figure Series B round

Mattress and bedding startup eve Sleep has announced that it has closed another significant investment round after drawing backing from some high-profile investors.

The London-headquartered startup, which was only founded in February 2015, has raised £13.9m in its Series B funding round, led by Woodford Investment Management which brings total investment in the business to over £17m.

The round also included investment from former Capita chief executive Paul Pindar, who joins eve’s board as chairman ahead of a planned expansion into Europe.

Jas Bagniewski, Co-Founder of eve Sleep commented: “Closing our third funding round at almost £14m is a testament to the tireless work of the whole team here, the quality of our product and relevance of our proposition and the transformational effects on happiness, health and productivity to be found from a good night’s sleep.

“Consumers and investors alike are backing our vision and we are pleased to welcome Paul to the board and his guidance, experience and support will be crucial in delivering our ambitious growth plans.”

The startup has already been backed by the likes of Octopus Ventures, DN Capital and Channel 4, having expanded its online presence to the US, France and Germany this year.

Pindar complemented eve’s ‘entrepreneurial leadership team’ and said that he had been keen to get involved with the high-growth business.

He added: “We believe that with the high-profile backers investing in the brand, we will help the business to cement its position as a global lifestyle brand.”