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Eight Sleep Raises $86 Million and Plans to Expand Internationally

Backed by Valor Equity Partners and more, Eight Sleep has raised $86 million in a Series C round of funding.

Back in April, smart mattress maker Eight Sleep raised $40 million in funding and put a large chunk of that toward sleep research.

Now, backed by Valor Equity Partners—a firm that has worked with Tesla, SpaceX and GoPuff—as well as SoftBank, Khosla Ventures, Founders Fund and General Catalyst, Eight Sleep has raised $86 million in a Series C round of funding.

This brings the total raised by Eight Sleep to $150 million, and the startup’s valuation is now close to $500 million.

So what do they plan to do with their money?

In an interview with Tech Crunch, Eight Sleep’s CEO Matteo Franceschetti said part of their plan is to double down on building out more technology. 

The company also wants to expand internationally, with plans to sell Eight Sleep products across Europe and the U.K. by the end of 2021. 

Back in April, smart mattress maker Eight Sleep raised $40 million in funding and put a large chunk of that toward sleep research.

Now, backed by Valor Equity Partners—a firm that has worked with Tesla, SpaceX and GoPuff—as well as SoftBank, Khosla Ventures, Founders Fund and General Catalyst, Eight Sleep has raised $86 million in a Series C round of funding.

This brings the total raised by Eight Sleep to $150 million, and the startup’s valuation is now close to $500 million.

So what do they plan to do with their money?

In an interview with Tech Crunch, Eight Sleep’s CEO Matteo Franceschetti said part of their plan is to double down on building out more technology. 

The company also wants to expand internationally, with plans to sell Eight Sleep products across Europe and the U.K. by the end of 2021. 

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