Eve Mattress secures £600,000 seed round led by Octopus Investments
Company has seen rapid growth since February launch and expects to exceed £1m in sales by end of June
E-commerce mattress supplier Eve Mattress has closed a £600,000 seed round from Octopus Investments, with involvement from initial investors DN Capital, FJ Labs and several other international angel investors.
Launched in February 2015, Eve was founded with a mission to “create the most comfortable mattress in the world” at a fraction of high street prices, by Jas Bagniewski (pictured), the ex-head of Zalando UK and co-founder of Groupon, Joe Moore, James Fryer, and Kuba Wieczorek,
The funding comes after the company reopened an earlier £330,000 round from FJ labs back in February this year, due to unprecedented interest from new parties, and recently launched its service in Germany.
The mattress company has seen significant growth in the last year, with revenue figures exceeding investor targets by more than 1500%, and expects to secure £1m in sales by the end of June.
CEO Bagniewski commented: “Since launching just three months ago, we have been blown away by the popularity of our product. We set out to create the world’s most comfortable mattress, designed, engineered and made in the UK, at a price that’s fair – and consumers have really responded to this.
“Today’s funding announcement is more great news for the company. To have the backing of investors from around the world is fantastic and we’re looking forward to using this funding to continue building on the product and the team. We are also very proud to be exporting a UK product overseas so soon after we have launched.”
Rebecca Hunt of Octopus Ventures continued: “At Octopus we’re always looking for new business ideas and great entrepreneurs. With eve we have both boxes ticked. We’re really pleased to be joining eve’s seed round and look forward to working with Jas and his talented team over the coming months, as they build on the business growth already achieved this year.”