Casper Sleep

Last updated
Casper Sleep Inc.
Company type Private
NYSE: CSPR (2020–2022)
Industry Mattresses
FoundedApril 22, 2014;11 years ago (2014-04-22)
FoundersPhilip Krim
Neil Parikh
T. Luke Sherwin
Jeff Chapin
Gabe Flateman
Headquarters New York City, New York, U.S.
Area served
United States
Products Mattresses, pillows, sheets, dog mattresses
RevenueIncrease2.svg $439.258 million(2019) [1]
Increase2.svg -$88.746 million (2019) [1]
Decrease2.svg -$93.04 million (2019) [1]
Total assets Increase2.svg $230 million (2019) [1]
Total equity Decrease2.svg -$307.094 million (2019) [1]
OwnerCarpenter Co (2024–present)
Website casper.com

About

Casper Sleep Inc. is an American company that designs and sells sleep products including mattresses, pillows, furniture, bedding and sleep accessories. Headquartered in New York City, the company was founded with the goal of simplifying the mattress buying experience through an e-commerce-focused, direct-to-consumer model. Casper’s mattresses are designed and assembled in the United States and sold across the country. In 2024, Casper was acquired by Carpenter Co., a major manufacturer of polyurethane foam and related products. [2] [3]

Contents

History

Corporate and financial

Casper Sleep was founded in 2014 by a group of entrepreneurs (Philip Krim, Neil Parikh, T. Luke Sherwin, Jeff Chapin, Gabe Flateman). [4] In 2014, Casper raised $1.85 million in seed funding followed by a $13.1 million Series A, with investors including Lerer Ventures, Norwest Ventures, NEA, SV Angel, Ashton Kutcher’s A-Grade, Steven Alan, Queensbridge Venture Partners, and Nas. [5] [6] The company officially launched on April 22, 2014. [7]

Casper launched with a single mattress model and expanded its line as demand grew. Casper expanded into Canada in 2014, [8] and later into Europe. In 2020, Casper closed its European operations, and in 2023 its Canadian business was acquired by Sleep Country Canada. [9]

In October 2024, Casper was acquired by Carpenter Co. [10]

Products and Delivery

Casper offers a variety of sleep products, with its core line consisting of mattress models made of foam and hybrid models made of foam and springs. Their most recent e-commerce mattress models include the Casper One, Cloud One, Dream, Dream Max, Snow, and Snow Max. [11]

Each mattress is developed by engineers, designers, and a certified professional ergonomist. The mattresses are designed and assembled in the United States and sold in Casper Sleep Shops and on their website, shipping directly to customers’ homes in a compact, compressed box with a 100-night risk-free trial. [12]

In addition to mattresses, the company sells sleep accessories such as pillows, sheets and duvets, bed frames and foundations, dog beds, and other sleep accessories.

Casper products are available online and through a variety of retail partners.

Technology and Design

Casper mattress technology revolves around its patented Zoned Support™ for spinal alignment and cooling technologies like Phase Change Materials and HeatDelete® Bands to regulate body temperature. [13] Different Casper mattress models incorporate hybrid technology with springs and foam, or all-foam construction with different types of foam like open-cell Breathe Flex Foam for breathability. [14]

Awards and Recognition

Casper has received industry recognition for product quality, durability, and marketing innovation.


In 2025, the Dream Max and Snow Max earned endorsements from the American Chiropractic Association. [23]

The company has been recognized for its marketing strategies, including a wide-ranging New York City subway campaign, the "Dreamery” mobile nap experience, [24] and the "Sleepers" campaign in which the brand hired professional sleepers.

Retail Presence

Casper products are sold through a combination of owned retail stores and third-party retailers. As of 2025, the company operates over 40 Casper retail stores located in major U.S. cities including New York, Los Angeles, Miami, Houston, and Chicago. [25]

In addition to its direct-to-consumer website, Casper products are available at major retailers including Target, Amazon, and Costco.

The brand also partners with select wholesalers and showrooms nationwide.

References

  1. 1 2 3 4 5 "Casper Sleep Inc. Form 10K". United States Securities and Exchange Commission. March 19, 2020. Retrieved February 22, 2021.
  2. Furniture Today – Carpenter acquires Casper (October 29, 2024)
  3. Carpenter Co. acquisition covered in Retail Dive (2024)
  4. CNBC – Casper CEO on launch and growth (2017)
  5. TechCrunch – Casper raises $1.85M seed (2014)
  6. PRNewswire – $13.1M Series A funding (2014)
  7. CNBC (2017)
  8. BedTimes Magazine – Casper expands into Canada (2018)
  9. Retail Dive – Sleep Country Canada acquires Casper Canada (2023)
  10. Furniture Today – Carpenter acquires Casper (2024)
  11. NapLab – Casper 2024 product lineup review (2024)
  12. Sleep Foundation – Casper One review (2024)
  13. Sleep Advisor – Casper technology overview (2024)
  14. Consumer Rating – Casper foam technology (2024)
  15. CBS Essentials – Best mattresses for back pain (2024)
  16. CBS Essentials – Best mattresses for hot sleepers (2024)
  17. Men’s Health Sleep Awards (2024)
  18. Good Housekeeping – Best Cooling Mattresses (2025)
  19. Consumer Reports – Mattress Ratings (subscription required, 2025)
  20. Consumer Reports – Mattress Ratings (subscription required, 2025)
  21. Consumer Reports – Mattress Ratings (subscription required, 2025)
  22. Consumer Reports – Mattress Ratings (subscription required, 2025)
  23. Casper official site – ACA endorsements (2025)
  24. Dezeen – Casper Dreamery nap rooms (2018)
  25. Business Wire – Casper retail expansion (2018)