Consumer Startup Leesa Sleep Secures $23 Million

Leesa Sleep completed $23 million in Series B financing. Three investors participated in the round, including One Better Ventures, and Seventh Generation.

Leesa is a luxury mattress that is ordered exclusively online and delivered straight to customers’ doorsteps. The company’s Leesa mattress is beautifully designed and crafted, and has a universal feel that it believes can work for anybody. Leesa Sleep uses proprietary Cooling Avena® Foam, a two-inch top layer intended to allow air-flow for a cooler night’s sleep. Its memory foam layer also provides body contouring and pressure relief typical of memory foam. And the mattress’ six-inch dense core support foam is intended to add strength, durability, and structure to support sleepers of all sizes, without feeling too firm on top.

According to the company, Leesa will use this second round of funding to invest in the brand and to drive growth by launching a series of new products. The company also plans to extend the reach of its partnerships, events, and celebrity relationships, including working with long-term brand ambassadors Michael Phelps and Aly Raisman.