Connect with us

Hi, what are you looking for?

Jewish Business News


Pritzker Group team up with Hollywood stars on Casper mattress investment

Holywood stars Leonardo DiCaprio, Tobey Maguire and singer Adam Levine (Maroon 5) and Chicago’s Pritzker Group are among investors in a $55 million funding round for online mattress seller Casper.

Also participated in the round are Casper’s seven existing investors, including Lerer Hippeau Ventures, New Enterprise Associates, and Norwest Venture Partners

In June 2014, Casper announced $13.1 million in funding. It launched in April 2014.
Casper mattresses ship free via UPS or bike messenger in a mini fridge-size box directly to consumers, eliminating commission-driven prices.

“Like our investments in The Honest Co. and Dollar Shave Club, Casper is growing at an astonishing rate because it is revolutionizing its industry with a direct-to-consumer model, lowering costs and raising quality for its customers, ” J.B. Pritzker, managing partner for Pritzker Group Venture Capital, said in a statement.

Prices of the mattresses, which unite memory and latex foams, range from $500 to $950. Mattress covers are hand-sewn in South Carolina and Illinois, according to the website of New York-based Casper.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.