Resident, a San Francisco, CA-based provider of a platform of digitally native brands in the mattress and home goods market, received an investment of $130m.
The round was led by Ion Crossover Partners and Nexus Capital Management with participation from Baron Capital Group. As part of the deal, representatives of Ion Crossover Partners and Nexus Capital Management will join Resident’s board.
The funds will be used by the company to execute growth plan, expand its brick-and-mortar retail footprint and strengthen its supply chain and infrastructure.
Led by Eric Hutchinson and and Ran Reske, Resident offers Nectar, its premiere gel-memory foam mattress brand, DreamCloud, its luxury hybrid mattress brand, and Awara, the company’s natural and organic mattress line.